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Please help me fill out the following: Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter
Please help me fill out the following:
Use the following income statement and balance sheet information to put together a statement of cash flows. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Sales Cost of goods sold Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating income Interest Income before taxes Income taxes (27%) Net income Dividends paid 2020 $1,244,000 $685,000 $559,000 $155,000 $135,000 $25,000 $244,000 $141,000 $103,000 $27,810 $75,190 $25,000 Assets Cash Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation Net plant and equipment Total assets Liabilities Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities Common stock ($0.01 par) Paid-in capital Retained earnings Total stockholders' equity Total liabilities and equity 2020 2019 $24,000 $9,010 $125,000 $113,000 $201,000 $218,000 $350,000 $340,010 $700,000 $475,000 $313,000 $288,000 $387,000 $187,000 $737,000 $527,010 $118,000 $29,000 $147,000 $244,000 $104,000 $29,000 $133,000 $149,000 $282,000 $4,000 $391,000 $4,500 $224,500 $117,000 $346,000 $737,000 $527,010 $174,200 $66,810 $245,010 Statement of Cash Flows 2020 + + + + $Step by Step Solution
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