Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare latenent reach towe wing the incroct metod. The income statement for 2021 and the balance shees for 2021 and 2020 we presented for Hartmann

image text in transcribed

Prepare latenent reach towe wing the incroct metod. The income statement for 2021 and the balance shees for 2021 and 2020 we presented for Hartmann India, Inc. Pick the loan to view the income sistemor Cick the icon vw the balance thesis i lock the stadiona information) Requirement PaprITTEE WHIC, inc., far the year 1,202, using the inte med A Balance Sheila B A coma Statement 1 2 Hartmann Industries, Inc Comparative Balance Sheet December 31, 2021 mid 2020 Assets 2021 3 c 2020 1 Hartmann Industries, the 4 5 Cmentants G Casa S 291.00 470.000 79,000 123.COC 2111 Prepare the statement one sectionate ime. (uc parentheses or a minus sign for numbers to be subled and for net cash outlows) Hartmann Industries, Inc. Statement of Cash Flows indirect Method For the Year Ended December 31, 2021 Operating Activities: Nel income 164200 Alusters Esslims Depruden 9.00 Gainon of plantas 7 13090) Da wir 1 increase in maniery Iner in 1 Increase in courts payable Decasan warns ouble il payale increase in towns payable increase in other socrued expenses payable Net cash provided by used for operating acties Inverting Acties 7 Moura recebe #lory Prepaid insurance 10 Total current acts 6.300 4.000 291,600 628,600 S 11 $ 35,000 550.00C 12 Property.plare, and eurent 13 Less:Aco.mulated ceprecation 12 mens (152.000 (112.000 CO 2 2 Income Statement 3 For the Year Ended December 31, 2021 , 4 Sam S $ 950,000 5. Cele 377.000 6 Gross prok S 673,000 ? Loop Spe S 1a Insuranc excesc 10 000 10 Depreciation pense 49.100 11 Oropealing Here 12 Tolsloping per 3:2.100 13 porno incon S 295,000 14 New 15 In 3 5 16 Gain on sale of PP 3000 17 Total other home and expenses 2,100 18 metrima S 9.00 19 Loos: Income tax expense 70.440 20 IN 6 $164.360 $ 1422.500S 1.170.00 15 Toalla 18 17 Llabildes 18 Current les $ 37.CO 4,200 25.200 80,000 $ 16,400 17.300 1,500 Purchase winna Purchase of equipment Nelchprowiced by for the Financing Activities: 200 B1,40 9,500 6.000 J.800 57.90: 5 145,4405 1 41 000 29.900 19 AC (mory pod 20 Wages payable 21 Ingreat payable 22 noon paytd 23 24 Total current lobis 25 26. 2T Tollables 20 28 29 Stockholder' mully 30 Commons BA 29 Price from the Disserta pe Netcash provided by used for fnancing och Net non Cash, singari Cena tha Print Dene $ 200.000 $ 96.900 MOTO $ , 60.000 S 600.00 Prepare latenent reach towe wing the incroct metod. The income statement for 2021 and the balance shees for 2021 and 2020 we presented for Hartmann India, Inc. Pick the loan to view the income sistemor Cick the icon vw the balance thesis i lock the stadiona information) Requirement PaprITTEE WHIC, inc., far the year 1,202, using the inte med A Balance Sheila B A coma Statement 1 2 Hartmann Industries, Inc Comparative Balance Sheet December 31, 2021 mid 2020 Assets 2021 3 c 2020 1 Hartmann Industries, the 4 5 Cmentants G Casa S 291.00 470.000 79,000 123.COC 2111 Prepare the statement one sectionate ime. (uc parentheses or a minus sign for numbers to be subled and for net cash outlows) Hartmann Industries, Inc. Statement of Cash Flows indirect Method For the Year Ended December 31, 2021 Operating Activities: Nel income 164200 Alusters Esslims Depruden 9.00 Gainon of plantas 7 13090) Da wir 1 increase in maniery Iner in 1 Increase in courts payable Decasan warns ouble il payale increase in towns payable increase in other socrued expenses payable Net cash provided by used for operating acties Inverting Acties 7 Moura recebe #lory Prepaid insurance 10 Total current acts 6.300 4.000 291,600 628,600 S 11 $ 35,000 550.00C 12 Property.plare, and eurent 13 Less:Aco.mulated ceprecation 12 mens (152.000 (112.000 CO 2 2 Income Statement 3 For the Year Ended December 31, 2021 , 4 Sam S $ 950,000 5. Cele 377.000 6 Gross prok S 673,000 ? Loop Spe S 1a Insuranc excesc 10 000 10 Depreciation pense 49.100 11 Oropealing Here 12 Tolsloping per 3:2.100 13 porno incon S 295,000 14 New 15 In 3 5 16 Gain on sale of PP 3000 17 Total other home and expenses 2,100 18 metrima S 9.00 19 Loos: Income tax expense 70.440 20 IN 6 $164.360 $ 1422.500S 1.170.00 15 Toalla 18 17 Llabildes 18 Current les $ 37.CO 4,200 25.200 80,000 $ 16,400 17.300 1,500 Purchase winna Purchase of equipment Nelchprowiced by for the Financing Activities: 200 B1,40 9,500 6.000 J.800 57.90: 5 145,4405 1 41 000 29.900 19 AC (mory pod 20 Wages payable 21 Ingreat payable 22 noon paytd 23 24 Total current lobis 25 26. 2T Tollables 20 28 29 Stockholder' mully 30 Commons BA 29 Price from the Disserta pe Netcash provided by used for fnancing och Net non Cash, singari Cena tha Print Dene $ 200.000 $ 96.900 MOTO $ , 60.000 S 600.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing The ISM

Authors: Mr. Ajoy Chatterjee

3rd Edition

8190233041, 978-8190233040

More Books

Students also viewed these Accounting questions

Question

What are non-economic loss payments intended to compensate for?

Answered: 1 week ago