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A5 B C D 1 Question 1 (Parts A, B, and C) follow 40 minutes max for part 1) Part A Given the descriptions and account balances below, calculate the indicated amounts for the current year's Bala 5 All items in part A ore descriptions of bolonce sheet accounts 6 Currency, coins, demand deposits, and equivalents 17,800 7 Total depreciation expense recognized up to the balance sheet date 32,220 B Amounts expected to be collected from customers for goods and services sold on credit 50,200 Accumulated net income that has not been paid out to shareholders 12,300 10 Goods purchased or manufactured with the intention of selling to customers 59,000 11 Tangible, long-lived assets used to produce goods and services 85,920 12 Cash collected from customers for goods and services that have not yet been delivered 34,700 13 Principal amounts due to lenders in more than one year 65,000 14 Amounts owed to suppliers for goods or services sold on credit 49,200 15 Long-lived assets that lack physical substance 68,500 16 Stock issued to investors 88,000 ? 18 Total Assets 19 Current Liabilities 20 Total Shareholders' Equity 21 2 2 22 Part B 23 Given the income statement and additional information below, calculate the missing amounts. You may she 24 Income Statement 25 Revenue 26 Cost of Revenue 43,500 27 Gross Profit 26,500 2 28 Wages Expense 29 Depreciation Expense 2 30 Rent Expense 5,000 31 Operating Profit 2 32 Interest Expense 1,500 33 Tax Expense 4,000 34 Net Income 35 36 Additional Information 37 Divdidends Paid 4,000 38 Unearned Revenue 3,200 39 Accumulated Depreciation at Beginning of Year 4,100 50 Accumulated Depreciation at End of Year 5,200 1 Retained Earnings at Beginning of Year 9,200 2 Retained Earnings at End of Year 11,800 3 4 Identify the following cash flow transactions as Operating (O), Investing (), Financing (F), or Non-Cash (NC) 5 Part C 5 Earned net income ? Question 1 Question 2 Trans. & Indirect CF Q Ready Identify the following cash flow transactions as Operating (O), Investing (), Fin Part C Earned net income ? Purchased marketable securities Made a principal payment on a bank loan ? Prepaid rent to landlord ? Depreciate the cost of equipment over its useful life 2 IAI Question 1 eady Question 2 Trans