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pls help ill boost & give thumbs up! The comparative unclassified statement of financial position for Carla Vista Ltd. follows: Additional information pertaining to 2024
pls help ill boost & give thumbs up! The comparative unclassified statement of financial position for Carla Vista Ltd. follows: Additional information pertaining to 2024 : 1. Net income was $97,000. 2. Sales were $970,000. 3. Cost of goods sold was $753,000. 4. Operating expenses were $43,000, exclusive of depreciation expense. 5. Depreciation expense was $40,000. 6. Interest expense was $17,000. 7. Income tax expense was $26,000. Long-term imvestments were sold at a gain of $6,000. These investments are carried at their cost, so gains and losses on 8. these inwestments are recorded only when the investments are sold. 9. No equipment was sold during the year. 10. $33,500 of the bank loan was repald during the year. 11. Common shares were issued for $22,000. (a) Prepare a statement of cash flows using the indirect method, (Show amounts that decrease cash flow with either a-sign es -45,000, or in parenthesis es. 145,000) ) Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a5ign e.g. 45,000, or in parenthesis es. (45,000)
pls help ill boost & give thumbs up!
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