Question
P4-PA. Preparing the financial statements Listed below are items reported on the financial statements of the Irvine Company as of June 30, 2019: Cash flow
P4-PA. Preparing the financial statements Listed below are items reported on the financial statements of the Irvine Company as of June 30, 2019:
Cash flow provided by operating activities.....$39,000
Cash at June 30, 2018...$8,000
Cash at June 30, 2019...$38,000
Inventory....$,5,500
Accounts receivable.....$15,200
Cash flow from investing activities.....($10,300)
Other current assets....$1,500
Property, plant, and equipment....$60,000
Other long-term assets.....$17,500
Cash flow from financing activities....$1,300
Current liabilities...$24,000
Long-term liabilities.....$16, 250
Intangible Assets....$9,500
common stock...$60,000
Retained Earnings....?
Required
Prepare a classified balance sheet as of June 30, 2019, and statement of cash flows for 2019
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