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Need help filling in the rest of this cash flows statement Homework 2-ACC 300r50o Statement of Cash Flows Seymour-Johnson, Inc. Comparative Balance Sheet December 31,
Need help filling in the rest of this cash flows statement
Homework 2-ACC 300r50o Statement of Cash Flows Seymour-Johnson, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Seymour-Johnson, Inc. Income Statement For the Year Ended December 31, 2018 2018 2017 S 370,600 161,500 209,100 63,400 29,600 13,500 8,500) ASSETS Cost of goods sold Gross profit Salaries expense Current assets Cash and cash equivalents Accounts receivable Interest receivable nventory Prepaid expenses S 48,700 S 7,600 44,000 2,800 116,900 9,300 190,600 es 121,700 8,600 225,000 nterest expense Depreciation expense Income from operations Other revenues and gains Total current assets Long-term investments 10,900 7,300 112,300 (18,400) Gain on sale of land 55,400 Interest revenue Income before income taxes ncome tax expense Net Income Investments Pro lant, and equipment Equipment (net) Total assets 93,000 49,700 S450,700 351,400 80,800 89,500 5 93,900 Liabilities and Stockholders' Equit Current liabilities Additional Information: A. Sold land for S38,100 B. Purchased equipment by issuing a long-term note payable, S26,300 C. Purchased equipment by issuing a short-term note payable, S22,000 D. Paid long-term note payable, S24,700 E. Common Stock was issued in exchange for land S 61,800 S 17,900 22,000 70,300 Accounts payable Accrued liabilities Note payable, short-term 29,100 3,200 24,600 Income tax payable Total current assets 21,800 129,500 128,300 Long-term Liabilities Notes payable, long-term 62,900 192,400 Total liabilities 189,600 Stockholders' equ Common stock Retained earnings 90,200 71,600 161,800 S450,700 351,400 157,100 101,200 258,300 Total Stockholders Equity Total Liabilities& Stockholders' EquityStep by Step Solution
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