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please answer asap 2013 and 2012 are presented below: SWEET COMPANY Income Statement For the Year Ended December 31, 2013 Sales Revenue $1,229,800 Cost of

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2013 and 2012 are presented below: SWEET COMPANY Income Statement For the Year Ended December 31, 2013 Sales Revenue $1,229,800 Cost of Goods Sold $659,100 Wages Expense 263,900 Depreciation Expense 78,000 Insurance Expense 16,900 Interest Expense 15,600 Income Tax Expense 74,100 Gain on Sale of Equipment (20,800) 1,086,800 Net Income $143,000 SWEET COMPANY Balance Sheets Dec. 31, 2013 Dec. 31, 2012 ceivable ance $29,900 88,400 230,100 11,700 1,153,100 (245,700) $1,267,500 $40,300 55,900 163,800 14,300 1,001,000 (227,500) $1,047,800 Depreciation $35,100 id Stockholders' Equity able ble ayable le ck nings ik $48,100 6,500 15,600 175,500 858,000 231,400 (67,600) 20,800 104,000 760,500 127,400 b. Use a negative sign with cash outflow answers. SWEET COMPANY Statement of Cash Flows For Year Ended December 31, 2 Cash Flow from Operating Activities Net Income Add (deduct) items to convert net income to cash basis Depreciation Gain on Sale of Equipment Accounts Receivable Inventory Prepaid Insurance Accounts Payable Interest Payable Income Tax Payable Cash Flow Provided by Operating Activities Cash Flow from Investing Activities Sale of Equipment Purchase of Equipment Cash Used by Investing Activities Cash Flow from Financing Activities Issuance of Bonds Payable Purchase of Common Stock Payment of Dividends Purchase of Treasury Stock Cash Provided by Financing Activities Net Change in Cash Cash at Beginning of Year Cash at End of Year

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