Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
please disrgard my work 1. Dauber Corporation's com appear below: Der Corporation's comparative balance sheet and income statement for last year Cash and cash equivalents
please disrgard my work
1. Dauber Corporation's com appear below: Der Corporation's comparative balance sheet and income statement for last year Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Less accumulated depreciation Total assets Comparative Balance Sheet Ending Balance $ 64,000 57,000 58,000 18,000 290,000 520,000 390,000 $ 617.000 Beginning Balance $ 39,000 25.UULAS ACESS 44,000 +13 Cod increase 70,000 - 12000 Derete 10,000 +8000 ince 230,000 Gacuo increase 520,000 - 358,000+32oce include $ 555.000 Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,000 35,000 69,000 160,000 140,000 199,000 $ 617.000 $ 38,000 24,00 Deresse 17,000 15/coo in 40,000 wew. 3 180,000 Loc. De peene 110,000 EUR increase 170,000 24.000 $ 555.000 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income $ 580,000 250,000 330,000 210,000 120,000 36,000 $ 84,000 The company declared and paid a cash dividend during the year. It did not sell any long- term investments, issue any bonds payable, or repurchase any of its own common stock. Required: a. Construct in good form the operating activities section of the company's statement of cash flows for the year. b. Construct in good form the investing activities section of the company's statement of cash flows for the year. c. Construct in good form the financing activities section of the company's statement of cash flows for the year. ni Statement of Cash Flows For the Period Ended December 31, Cash Flows from Operating Activities: 84000 Net income 64,000 to Deprecaties 32cou ACC Recierable (13,000) Inventory 12000 Prepaid expertes (sovo) /e (24.000) Acrellebilita 18 cro Incometoris Pande 2910cc 46,000 130.000 Net Cash Provided (Used) by Operating Activities Cash Flows from Investing Activities: Purchased inrestments (60,000) GO 0 Net Cash Provided (Used) by Investing Activities Cash Flows from Financing Activities: Redeemed bonds (20, coc) Common Stuck 30,0co Dividens maid (S5,000) Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) In Cash Cash at Beginning of Period Cash at End of Period
please disrgard my work
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6690a1e568f30_6606690a1e49deab.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/07/6690a1e6377aa_6616690a1e59f761.jpg)
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started