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Please answer all parts of the question Rogers Pasta has the following financial statements: Roger's Pasta Balance Sheets As of December 31, 2019, and 2020
Please answer all parts of the question
Rogers Pasta has the following financial statements: Roger's Pasta Balance Sheets As of December 31, 2019, and 2020 2020 2019 Assets Cash $279,327 $264,700 Accounts receivable 124,370 122,040 Inventory 78,514 89,575 Prepaid expenses 210.109 193,719 Plant and equipment 84,409 58,542 Accumulated depreciation (14,777) (11.777) Total assets $761,952 $716,799 Liabilities and Equity Accounts payable $264,184 $265,041 Accrued wages 32.788 29.394 Long-term notes payable 151,930 160.944 Common stock 77,630 77,630 Retained earnings 235,420 183,790 Total liabilities and equity $761,952 $716,799 Roger's Pasta Income Statement For the Year Ended December 31, 2020 Sales $ 421,500 Less: Cost of goods sold (164,100) Gross margin 257,400 Less operating expenses: Wages and salaries expense $168,400 Advertising expense 16,840 Misc. operating expenses 12,630 Depreciation expense 3,000 (200,870) Net income (loss) $ 56,530 At the end of 2020, Roger purchased additional equipment for $25,867. Roger paid dividends of $4,900 during the year. Prepare a statement of cash flows for 2020 using the direct method. Assume that advertising is paid in cash. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis e.g. (15,000).) Roger's Pasta Statement of Cash Flows-Direct Method $ + + Prepare the operating activities section of the statement of cash flows for 2020 using the indirect method. Note that there is no difference between the two methods for the investing and financing sections. (Enter amounts that decrease cash flow either with a negative sign preceding the number, e.g. - 15,000 or parenthesis e.g. (15,000).) Roger's Pasta Partial Statement of Cash Flows-Indirect Method Operating activities + + $ + e Textbook and Media
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