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please help. please set up in a table and make it look professional 2020 Assets Current assets Cash Accounts receivable Merchandise inventory Prepaid expenses $139,00075,000113,0009,000$185,00066,000116,0004,000
please help. please set up in a table and make it look professional
2020 Assets Current assets Cash Accounts receivable Merchandise inventory Prepaid expenses $139,00075,000113,0009,000$185,00066,000116,0004,000 Noncurrent assets Property, plant, and equipment Accumulated depreciation Long-term investments Total assets \begin{tabular}{rr} 761,000 & 705,000 \\ (225,000) & (188,000) \\ 125,000 & 74,000 \\ \hline$997,000 \\ \hline \end{tabular} Liabilities and owners' equity Current liabilities Accounts payable Income tax payable Noncurrent liabilities Bonds payable Owners' equity Common stock Retained eamings Total liabilities and owners' equity \begin{tabular}{rr} $84,000 & $68,000 \\ 28,000 & 34,000 \\ 54,000 & 38,000 \\ 437,000 & 482,000 \\ 394,000 & 340,000 \\ \hline$997,000 & $962,000 \\ \hline \end{tabular} Glenbrook Company Income Statement for the Year Ended December 31, 2020 SalesCostofgoodssoldGrossmarginOperatingexpensesDepreciationexpenseOperatingincomeInterestexpenseLossonsaleofequipmentIncomebeforetaxesIncometaxexpenseNetincome5640,000300,0005340,000180,00047,000$113,0005,0002,0005106,00040,000$50,000 Additional data for 2020 are as follows: Sold equipment with a book value of $30,000(=$40,000 cost $10,000 accumulated depreciation) for $28,000 cash Purchased equipment for $96,000 cash There were no sales of long-term investments (Hint: Solve for the purchase of long-term investments.) Issued bonds for $16,000 cash Repurchased common stock (treasury shares) for $45,000 cash Declared and paid $12,000 in cash dividends Use the four steps described in the chapter to prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method. Refer to the format presented in Figure 6.7 "Statement of Cash Flows (Home Store, Inc.)". - Briefly describe the major changes in cash identified in the statement of cash flowsStep by Step Solution
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