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Paddleboard Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020, is shown below along with some
Paddleboard Inc. began operations on January 1, 2019. Its post-closing trial balance at December 31, 2019 and 2020, is shown below along with some other information Revenues Sales Paddleboard Inc Income Statement For Year Ended December 11, 2020 Cost of goods sold Expenses Other expenses Depreciation expense Total operating expen Profit from operations Income tax expense (000) $3,854 2, Post-Closing Trial Balance (000) Account Cach December 31 2018 Receivables 3,700 Herchandise Inetary Property, plant and 2,500 3,000 Accumulated depreciation 3,000 3,680 1,300 200 Accounts payable 3,0 1,400 Accrued liabilities 320 458 Bands payable 1,840 2,368 Con shares 3,000 2,438 7,000 3,250 Other information regarding Paddleboard inc. and its activities during 2020 1. Assume all accounts have normal balances 2. Cash dividends were declared and paid during the year 3. There were no sales of proounty, plant, enc equipment assets during the year 4. Investments were sold for cash at their origins cost Required 1ems the Information netian hint of cash to stridivino sha for the war ended December
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