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please help please help 3-10 . . The net income of Smart Cookies Ltd. for the year ended 2016 was $5,000 and the applicable corporate
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3-10 . . The net income of Smart Cookies Ltd. for the year ended 2016 was $5,000 and the applicable corporate tax rate was 30% The company had 32,000 shares outstanding and paid a DPs of $0.25 per share in cash dividends to its ordinary shareholders. The depreciation expense amounted $3,000. The firm's balance sheets for financial years 2015 and 2016 are presented below. Construct the statement of cash flows (2016) for the firm using the information provided above showing changes in the Cash account from Year 2015 to Year 2016. 2016 2015 41,000 26,000 34,000 287.000 364.000 13,000 42,000 49,000 258,000 363.000 Assets Cash Accounts Receivable Inventory Gross Fixed Assets Total Assets Liabilities and Equity Accounts Payable Notes Payable Accruals Long-Term Debt Common Stock Retained Earnings Total abilities and Equity 15,000 9,000 10,000 47,000 52,000 231,000 364.000 7.000 14,000 6,000 28,000 52.000 256.000 363.000Step by Step Solution
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