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Please help me fill in the statement of cash flow: THE ADDITIONAL INFO IS BELOW THIS FIRST PHOTO Here is the supplmental information I have
Please help me fill in the statement of cash flow: THE ADDITIONAL INFO IS BELOW THIS FIRST PHOTO
Here is the supplmental information I have done
Statement of Cash Flows (in thousands of dollars) Operating Activities Net Income Adjustments: Noncash adjustment: Depreciation Due to changes in working capital: Due to change in accounts receivable Due to change in inventories Due to change in accounts payable Due to change in accruals Net cash provided (used) by operating activities Investing Activities Cash used to acquire gross fixed assets Due to change in short-term investments Net cash provided (used) by investing activities Financing Activities Due to change in notes payable Due to change in long-term debt Due to change in common stock Payment of common dividends Net cash provided (used) by financing activities Net increase/decrease in cash Add: Cash balance at the beginning of the year Cash balance at the end of the year 2023 $60 $30 $20 (\$68) \begin{tabular}{|c|} \hline$9 \\ \hline$11 \end{tabular} $40 (\$9) $39 (\$213) (\$24) (\$207) (\$95) $($35) change in AP $9 change in AR $20 increases cash flow by 9 increses cash flow by 20 change in accruals -\$11 decrease cash flow by 11 $18 increase cash flow by 18 Check: cash balance in statement of cash flows should equal the cash on balance sheets; this value should be zero: $105.000 b. Britton String's partial balance sheets follow. Britton issued $36 million of new common stock in the most recent year. Using this information and the results from part a, fill in the missing values for common stock, retained earnings, total a. Britton String Corp. manufactures specialty strings for musical instruments and tennis racquets. Its most recent sales were $880 million; operating costs (excluding depreciation) were equal to 85% of sales; net fixed assets were $300 million; depreciation amounted to 10% of net fixed assets; interest expenses were $22 million; the state-plus-federal corporate tax rate was 25%; and it paid 40% of its net income out in dividends. Given this information, construct its income statement. Also calculate total dividends and the addition to retained earnings. Report all dollar figures in millions. The input information required for the problem is outlined in the "Key Input Data" section below. Using this data and the balance sheet above, we constructed the income statement shown below
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