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please help 50points of my grade thank you J. Kruk Inc. Income Statement For years ended December 31, 2017 and 2018 J. Kruk Inc. Comparative
please help 50points of my grade thank you
J. Kruk Inc. Income Statement For years ended December 31, 2017 and 2018 J. Kruk Inc. Comparative Balance Sheets December 31, 2018 and 2017 2 2018 2017 Change 2018 2017 Current assets: Sales (all on credit) $683,000 $649,000 63,000 (298,000) 320,000 351,000 Cash Accounts receivable (net) Inventory Prepaid expenses Other current assets $95,850 41,000 46,000 1,800 2,550 187,200 $60,100 $35,750 34,000 7000 44,000 2,000 4,000 -2,200 3,900 1350 146,000 41.200 Cost of goods sold Gross margin 37000 52,000 Depreciation expense Other operating expenses Total operating expenses Operating income 147000 122,000 Total current assets 184,000 174,000 58,000 26,000 136,000 177000 Long-term Investments 84,000 310,000 259000 51000 (78600) (52000) 26,600 231400 207000 24400 502600 411000 91600 Other income expenses) Plant assets Interest expense Gain on sale of investments Loss on sale of plant assets Total other income (4,800) (8,600 Less: accumulated 6,800 4800 Total plant assets 4000) (4800) Total assets Loss on sale of plant assets Total other income (expenses) (4000) (4,800) Total assets (15,600) (3,6 Current liabilities: Income before income taxes Income taxes expense Net income 134,000 173,400 (40.200) (52 020) $93,800 $121380 Accounts payable $27400 $28,000 $-600 Accrued liabilities Income taxes payable Total current liabilities 7,200 3,200 37,800 6,000 1.200 12,000 8800 46,000 8,200 J. Kruk Inc. Statement of Retained Earnings For the year ended December 31, 201 Long term liabilities: Notes Payable Total liabilities 279,800 2018 2017 $35,000 93,800 121,380 (56,000)1 (86380) Additional paid-in capital 30,000 30,000 37800 35,000 Retained earnings $72800 $3500 Total stockholders' equity 222800 185.000 37800 Stockholders' equity Common stock, $5 par value $0 Ret. earnings, Jan. 1 Add: net income Deduct: Dividends Increase in retained earnings Ret. earnings, Dec. 31 120,000 120000 72,800 35000 37800 $502,600 $411000 $91600 Total liabilities and stockholders' equity Other information: Shares of common stock outstanding Earnings per share Dividends per sharee Market price per share, common stock 24,00 24,000 $3.91 $5.06 $2.33 $3.6 $16 $12 Cash Flows Horiz Analysis Horiz Analysis Vertic Analysis Vertic Analysis Ratios from Oper Inc St Bal St Inc St Bal Sheet statement of casi Requirement Prepare the cash flows from operations section of J. Kruk Inc.'s 2018 ndirect method. Enter items to be subtracted as negative values J. Kruk Inc Cash Flows from Operating Activities-Indirect Method For Year Ended December 31, 2018 Requirement Prepare the cash flows from operations section of J. Kruk Inc. indirect method. Enter items to be subtracted as negative values s 2018 statement of cashf J. Kruk Inc Cash Flows from Operating Activities-Indirect Method For Year Ended December 31, 2018 Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operationsStep by Step Solution
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