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please fill out indirect method or the blanks in the next pic B D E F G H Casual Clothing $ Income Statement Net Sales

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please fill out indirect method or the blanks in the next pic

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B D E F G H Casual Clothing $ Income Statement Net Sales Cost of Goods Sold Gross Profit Operating Expenses Depreciation Amortization Operating Profit 1 Interest Expense 2 Pre-Tex Earnings 3 Taxes Net Earnings 5 2017 13,673,460 8,599,442 5,074,018 3,503,557 18,000 2,700 1,549,761 62,876 1,486,885 504,388 982,497 $ 2017 2016 Change 8,794 94,153 25,700 35,103 163,750 $ 7,352 42,045 17,800 25,393 92,590 1,442 52,108 7,900 9,710 $ 7 Balance Sheet 3 Current Assets Cash & Equivalents Inventory 1 Acct. Receivable (net) 2. Prepaid Operating Expenses 3 Total Current Assets 4 5 Noncurrent Assets 5 PP&E, cost 7 Less: Depreciation 8 PP&E, net 9 Land Investments 1 Intangibles, net 2 Total Assets 3 4 Liabilities & Shareholders' Equity 5 Current Liabilities 6 Notes Payable 7 Current Maturities of LTD 8 Accounts Payable 9 Interest Payable O Taxes Payable 1 Total Current Liabilities 2 3 Long Term Liabilities 4 Long-term Debt A5 Total Liabilities 1,949,863 - 123,000 1,826,863 2,279,946 515,722 9,780 4,896,061 $ 1,763,990 -105,000 1,658,990 1,458,832 414,725 6,700 3,631,837 185,873 -18,000 167,873 821,114 200,997 3,080 $ 779,904 250,000 167,207 384,209 17,824 1,599,144 $ 176,884 350,000 185,945 351,710 26,263 1,090,802 603,020 -100,000 -18,738 32,499 -8,439 $ 99,291 880,216 2,479,360 $ 780,925 1,871,727 $ 0 27 Shareholders' Equity 18 Common Stock ($.05 par value) 19 Add'l Paid-in-Capital 50 Retained Earnings 51 Total Shareholders' Equity 52 liabilities & Shareholders' Equity 53 54 55 66 146,961 1,294,967 974,773 2,416,701 4,896,061 $ 146,961 1,294,967 318,182 1,760,110 3,631,837 0 656,591 $ Indirect Method 982497 982,497 2 Casual Clothing 3 Net Income 4 Depreciation 5 Amortization 6 Inventory 7 Accounts Receivable 8 Prepaid Operating Expense 9 Repayment of LT Debt 10 Issuance of Stock 11 Taxes Payable 12 Cash Flow from Operations 13 Prepaid Operating Expense 4 Amortization 5 Inventory 6 Issuance Notes Payable -7 Cash Flow from Investing -8 Purchase PP&E 9 Purchase Land O Purchase Intangibles 1 Purchase Investments E2 Cash Flow from Financing -3 Change in Cash 4 Beginning Cash 5 Ending Cash 6 27 982,497 982,497 -8

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