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Prepare a staieneas sP13-98 Condensed financial data of Minnie Hooper Company are shown below LO 3) AP Minnie Hooper Company Comparative Balance Sheets December 31
Prepare a staieneas sP13-98 Condensed financial data of Minnie Hooper Company are shown below LO 3) AP Minnie Hooper Company Comparative Balance Sheets December 31 2014 2013 Cash Accounts receivable 93,600 33,40 37,000 102,650 107,000 205,000 63.200 124,500 79,500 318,000 14,000) $634.800 Investments Plant assets (40,000) Total $445,050 Liabilities and Stockholders Equity Accounts payable Accrued experses payable Bonds payable Common stock Rctained carnings 56,600 15,100 140,000 250,000 173,100 48,280 8,830 0,000 200,000 107,940 Total 34,800 $445,050 Minnie Hooper Company Income Statement For the YeaEnded December 31, 2014 Sales revenue Leess: 297500 Cost of goods sold Operating expenses, excluding $99.460 depreciation expense 19,670 25,000 5,000 37,270 2.940 Loss on disposal of plant assets Income laxes 189,340 108,160 Interest expense Net income Alditinal ifveaticn 1. New plant assets costing $149,000 were purchased for cash during the year 2. Investments were sold at cost . Plant assets costing $36,000 were sold for $10,0U0, resulting in a loss of $5,000. 4. A cash dividend of $43,000 was declared and peid during the year Cash from operations $94,700 Prepare a statement of cash flows using the indirect method
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