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please i need the answers as soon as possible i just need the answers without explantion. Penguins Company had the following statements prepared as of

please i need the answers as soon as possible
i just need the answers without explantion. image text in transcribed
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Penguins Company had the following statements prepared as of December 31, 2021. Penguins Skate Rink Company Comparative Balance Sheet As of December 2021 2021 2020 Cash $2,500 $4,000 Accounts receivable 123,000 104,000 Allowance for Doubtful (10,000) (7,000) accounts Short-term investments 99,000 121,000 (Available-for-sale) Inventories 91,000 54,000 Prepaid insurance 4,000 6,000 Ski equipment 89,000 43,000 Accumulated (23,500) (18,000) depreciation equipment Franchise 79,000 83,000 Total assets $454,000 $390,000 Accounts payable 92,200 75,000 Income taxes payable 21,800 15,700 Salaries & wages payable 4,000 9,000 Short-term non-trade 23,500 0 notes payable Bonds payable 75,000 125,000 Discount on bonds (7,000) (20,000) payable Common stock, $1 par 100,000 100,000 Additional paid-in capital 40,000 40,000 Retained earnings 104,500 45,300 Total liabilities & equity $454,000 $390,000 Penguins Skate Rink Company Income Statement For The Year Ending December 31, 2021 $540,200 Sales Cost of goods sold Gross margin 302.000 $238,200 Operating expenses 94.000 $144,200 Operating income Interest expense 20,500 4.000 24.500 Loss on sale of equipment Income before income tax $119,700 Income tax expense 40.500 Net income $79,200 Additional information: 1. Depreciation expense, amortization expense and bad debt expense are included in operating expenses. 2. Equipment that had a cost of $25,000 and was 20% depreciated was sold during 2021. Use the information above to determine the following: Important Note: Please fill-in your answer in numbers only, without using any other characters such as $ or, or (). 8:59 U ite.birzeit.edu Marked out of 1 Flag question Time left 0:45:37 Cash received from customers. Answer: Question 20 Not yet answered Marked out of 1 P Flag question Cash paid to suppliers. Answer: Question 21 Not yet answered Marked out of 1 P Flag question Cash paid for operating expenses. 8:59 U ite.birzeit.edu Marked out of 1 P Flag question Time left 0:45:32 Cash paid for operating expenses. Answer: Question 22 Not yet answered Marked out of 1 P Flag question Cash paid for interest Answer: Question 23 Not yet answered Marked out of 1 P Flag question Cash paid for taxes 8:59 itc birzeit.edu Flag question Time left 0:45:28 Cash paid for taxes Answer: Question 24 Not yet answered Marked out of 1 P Flag question Net cash used by investing activities. Answer: Question 25 Not yet answered Marked out of 1 P Flag question Net cash used by financing activities. Net cash used by financing activities. Answer: : Penguins Company had the following statements prepared as of December 31, 2021. Penguins Skate Rink Company Comparative Balance Sheet As of December 2021 2021 2020 Cash $2,500 $4,000 Accounts receivable 123,000 104,000 Allowance for Doubtful (10,000) (7,000) accounts Short-term investments 99,000 121,000 (Available-for-sale) Inventories 91,000 54,000 Prepaid insurance 4,000 6,000 Ski equipment 89,000 43,000 Accumulated (23,500) (18,000) depreciation equipment Franchise 79,000 83,000 Total assets $454,000 $390,000 Accounts payable 92,200 75,000 Income taxes payable 21,800 15,700 Salaries & wages payable 4,000 9,000 Short-term non-trade 23,500 0 notes payable Bonds payable 75,000 125,000 Discount on bonds (7,000) (20,000) payable Common stock, $1 par 100,000 100,000 Additional paid-in capital 40,000 40,000 Retained earnings 104,500 45,300 Total liabilities & equity $454,000 $390,000 Penguins Skate Rink Company Income Statement For The Year Ending December 31, 2021 $540,200 Sales Cost of goods sold Gross margin 302.000 $238,200 Operating expenses 94.000 $144,200 Operating income Interest expense 20,500 4.000 24.500 Loss on sale of equipment Income before income tax $119,700 Income tax expense 40.500 Net income $79,200 Additional information: 1. Depreciation expense, amortization expense and bad debt expense are included in operating expenses. 2. Equipment that had a cost of $25,000 and was 20% depreciated was sold during 2021. Use the information above to determine the following: Important Note: Please fill-in your answer in numbers only, without using any other characters such as $ or, or (). 8:59 U ite.birzeit.edu Marked out of 1 Flag question Time left 0:45:37 Cash received from customers. Answer: Question 20 Not yet answered Marked out of 1 P Flag question Cash paid to suppliers. Answer: Question 21 Not yet answered Marked out of 1 P Flag question Cash paid for operating expenses. 8:59 U ite.birzeit.edu Marked out of 1 P Flag question Time left 0:45:32 Cash paid for operating expenses. Answer: Question 22 Not yet answered Marked out of 1 P Flag question Cash paid for interest Answer: Question 23 Not yet answered Marked out of 1 P Flag question Cash paid for taxes 8:59 itc birzeit.edu Flag question Time left 0:45:28 Cash paid for taxes Answer: Question 24 Not yet answered Marked out of 1 P Flag question Net cash used by investing activities. Answer: Question 25 Not yet answered Marked out of 1 P Flag question Net cash used by financing activities. Net cash used by financing activities

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