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P2-13 (similar to) Question Help Cash flow to owners. Use the data from the following financial statements in the popup window, B. The company paid
P2-13 (similar to) Question Help Cash flow to owners. Use the data from the following financial statements in the popup window, B. The company paid interest expense of $17,500 for 2017 and had an overall tax rate of 40% for 2017. Find the cash flow to owners for 2017 by parts and total, with the parts being dividends paid and increases in borrowing from owners (change in common stock and paid-in-surplus). The distributed earnings is $L (Round to the nearest dollar.) Data Table (Click on the following icon P in order to copy its contents into a spreadsheet.) Partial Income Statement Year Ending 2017 Sales revenue $349,800 Cost of goods sold $141,800 Fixed costs $42,800 Selling, general, and administrative expenses $27.900 Depreciation $46,100 (Click on the following icone in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2016 ASSETS LIABILITIES Cash $15,800 Notes payable $14,000 Accounts receivable $27,800 Accounts payable $18,800 Inventories $48.200 Long-term debt $190,100 Fixed assets $367,800 OWNERS' EQUITY Accumulated depreciation $140,700 Retained earnings Intangible assets $81,800 Common stock $131,800 (Click on the following icone in order to copy its contents into a spreadsheet.) Partial Balance Sheet 12/31/2017 ASSETS LIABILITIES Cash $25,900 Notes payable $11,800 Accounts receivable $18,900 Accounts payable $24,100 Inventories $53,100 Long-term debt $161,800 Fixed assets $446,100 OWNERS' EQUITY Accumulated depreciation Retained earnings Intangible assets $82,100 Common stock $181.900
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