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Problem 2-9b Statement of Cash Flows Use the balance sheet and income statement below: Assets 2018 2017 Current assets: Cash and marketable securities Accounts receivable
Problem 2-9b Statement of Cash Flows Use the balance sheet and income statement below: Assets 2018 2017 Current assets: Cash and marketable securities Accounts receivable 82 $ $ 68 167 52 152 MED CORPORATION Balance Sheet as of December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 Liabilities and Equity Current liabilities: $ 83 $ Accrued wages and taxes 202 192 Accounts payable 326 302 Notes payable $ 611 $ 576 Total Long-term debt $ 1,106 904 168 124 Stockholders' equity: $ 938 $ 780 Common stock 156 156 Retained earnings $ 1,094 $ 936 Total 142 142 $ 377 $ 346 $ 610 $ Inventory Total Fixed assets: Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Other long-term assets Total 578 126 126 592 462 $ 718 $ 588 Total assets $ 1,705 $ 1,512 Total liabilities and equity $ 1,705 $ 1,512 Income Statement for Years Ending December 31, 2018 and 2017 (in thousands of dollars) 2018 2017 $ 914 $ 824 400 363 $ 514 $ 461 58 52 $ 409 Net sales Less: Cost of goods sold Gross profits Less: Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) Less: Depreciation Earnings before interest and taxes (EBIT) Less: Interest Earnings before taxes (EBT) Less: Taxes $ 456 44 42 $ 367 $ 412 59 53 $ 353 $ 314 142 122 Net Income $ 211 $ 192 81 81 Dividends Prepare a statement of cash flows for MED Corporation. (Enter your answers in thousands. Amounts to be deducted should be indicated with a minus sign.) Cash flow from Operating Activities $ Cash flow from Investing Activities $ doo Cash flow from Financing Activities $ Net Change in Cash and marketable securities $
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