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My question is P4-4A Cambridge Business Publishers pter 4 Understanding Accounting Information REQUIRED Prepare a multi-step income statement for the year ended December 31. Combine

My question is P4-4Aimage text in transcribed

Cambridge Business Publishers pter 4 Understanding Accounting Information REQUIRED Prepare a multi-step income statement for the year ended December 31. Combine all the operating expenses into one line on the income statement for selling, general and administrative expenses. P4-4A. Preparing the Financial Statements Listed below are items reported on the financial statements of the Huntington Company as of June 30: LO3, 8 Cash flow provided by operating activities .. Cash, beginning-of-year. Cash, end-of-year. Inventory Accounts receivable. Cash flow from investing activities Other current assets. Property, plant and equipment. $21,000 9,000 16,000 5,500 12,200 (15,300) 1,500 40,000 Other long-term assets. Cash flow from financing activities Current liabilities. Long-term liabilities. Intangible assets. Common stock Retained earnings $17,500 1,300 22,000 18,250 9,500 51,000 ? REQUIRED Prepare a classified balance sheet as of June 30 and statement of cash flows for the current year. P4-5A. Assessing a Firm's Profitability, Liquidity, and Solvency Presented below is financial data for the Forrester Company as of year-end 2019 and 2020: LO5, 6 2020 2019 Current assets Total assets. Current liabilities. $ 55,000 170,000 70,000 112.000 $ 35,000 120,000 29,000 72 000

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