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please provide te best answerin 20 minutes w the financial statements.) 3 Click the icon equirements Jequirement 1. Determine the missing amounts denoted by the

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please provide te best answerin 20 minutes

image text in transcribed

image text in transcribed

image text in transcribed

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w the financial statements.) 3 Click the icon equirements Jequirement 1. Determine the missing amounts denoted by the letters. Calculate the missing amounts. When calculating the answers, you may need to solve for a missing value farther down the statement and work backwar amounts in thousands as provided to you in the problem statement. Enter decreases in cash with parentheses or a minus sign) 2020 2010 Income Statement Revenues $8,180 Cost of goods sold 15,000 $12,430 11,030 2020 2019 Income Statement (In Thousands) Revenues $ k $ 15,000 Cost of goods sold 11,030 a Other expenses 1,250 1.150 Earnings before income taxes 4,100 3.720 Income taxes (35% tax rate) 1 1,302 VALUR $m $ b Net earnings Statement of Retained Earnings Beginning balance n $ 2,660 Net earnings o Dividends (306) (201) Ending balance $p $d Balance Sheet Cash $9 $ e Capital assets 2,000 Other assets 1.875 10,592 Total assets $ $ $ 14,367 Liabilities: Current liabilities $t$ 5,640 Notes payable and long-term debi 4,650 3,330 ilai uaviILICO Shareholders' Equity: Common shares 320 $ 320 Retained earnings u g . v 5,197 Total shareholders' equity Total liabilities and shareholders' equity Statement of Cash Flows $ w $h Net each nrovided hv narating activities YS 1 860 Statement of Cash Flows Net cash provided by operating activities Net cash used in investing activities x $ 1,860 (1,010) (930) (650) (1,050) Net cash used in financing activities Increase (decrease) in cash 370 Cash at beginning of year 2,020 Cash at end of year $ z $j w the financial statements.) 3 Click the icon equirements Jequirement 1. Determine the missing amounts denoted by the letters. Calculate the missing amounts. When calculating the answers, you may need to solve for a missing value farther down the statement and work backwar amounts in thousands as provided to you in the problem statement. Enter decreases in cash with parentheses or a minus sign) 2020 2010 Income Statement Revenues $8,180 Cost of goods sold 15,000 $12,430 11,030 2020 2019 Income Statement (In Thousands) Revenues $ k $ 15,000 Cost of goods sold 11,030 a Other expenses 1,250 1.150 Earnings before income taxes 4,100 3.720 Income taxes (35% tax rate) 1 1,302 VALUR $m $ b Net earnings Statement of Retained Earnings Beginning balance n $ 2,660 Net earnings o Dividends (306) (201) Ending balance $p $d Balance Sheet Cash $9 $ e Capital assets 2,000 Other assets 1.875 10,592 Total assets $ $ $ 14,367 Liabilities: Current liabilities $t$ 5,640 Notes payable and long-term debi 4,650 3,330 ilai uaviILICO Shareholders' Equity: Common shares 320 $ 320 Retained earnings u g . v 5,197 Total shareholders' equity Total liabilities and shareholders' equity Statement of Cash Flows $ w $h Net each nrovided hv narating activities YS 1 860 Statement of Cash Flows Net cash provided by operating activities Net cash used in investing activities x $ 1,860 (1,010) (930) (650) (1,050) Net cash used in financing activities Increase (decrease) in cash 370 Cash at beginning of year 2,020 Cash at end of year $ z $j

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