pt vork: Week One : Chapter 1 & Appendix : Exercises 8 of 9 (1 complete) HW Score: 11.11%, 10 book/stat * Data Table X Question Help atement and add icon to view the 229,000 ng Hills Corporatid a minus sign for number Sales Revenue $ 107.000 . If a box is not Cost of Goods Sold 122,000 statement one se $ 46,000 28.000 11,000 s from Operating A 85,000 Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses Operating Income Other Revenues and (Expenses): Dividend Revenue Interest Expense Total Other Revenues and (Expensos) Net Income Before Income Taxes Income Tax Expense 37,000 10,500 (3,000) 7,500 al Cash Receipts ents: 44,500 8.000 Net Income $ 36,500 from any list or enter Print Done caining Clear All Check Answer 80 DIN F5 F6 F7 FO FVO & ting Score: 0 of 1 pt 8 of 9 (1 complete) HW Score: 11.11%, E16A-28 (book/static) Question H The income statement and additional data of Roling Hills Corporation follow: Click the icon to view the Income Statement.) (Click the icon to view the additional data.) Prepare Rolling Hills Corporation's statement of cash flows for the year ended June 30, 2016. Use the direct method. (Use parentheses or a minus sign for nur be subtracted. If a box is not used in the statement leave the box empty; do not select a label or enter a zero.) Cash Flows from Operating Activities: Receipts: Total Cash Receipts Payments Total Cash Payments Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All parts remaining 80 F3 ES F6 67 % & * @ 6. 7 4 8 9 K: Week One : Chapter 1 & Appendix : Exercises 8 of 9 (1 complete) HW Score: 11 ) Que 0 Data Table and additional wiew the Income - X Corporation's sta ex is not used in the heses or a minus sign Rolling Hills Corporation Income Statement ment one section Year Ended June 30, 2016 Roll Sales Revenue 229,000 107,000 Stat Year perating Activities 122,000 $ 46,000 Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense-Plant Assets Advertising Expense Total Operating Expenses Operating Income Other Revenues and (Expenses) Dividend Revenue 28,000 11,000 85,000 Receipts 37.000 10,500 (3.000) Interest Expense Total Other Innen 7,500 list or enter any ny Print Done Check Answer 8 of 9 (5 complete) HW SC data of Rolling Hills Corporation follow: Statement.) (Click the icon to view the additional data.) heses or a ta More Info a. olll b. tat ear c . ities d. e. Collections from customers are $14,000 more than sales. Dividend revenue, interest expense, and income tax expense equal their cash amounts. Payments to suppliers are the sum of cost of goods sold plus advertising expense. Payments to employees are $1,500 more than salaries expense. Cash payment for the acquisition of plant assets is $108,000. Cash receipts from sale of land total $25,000. Cash receipts from issuance of common stock total $31,000. Payment of long-term notes payable is $17,000 Payment of dividends is $12,000. Cash balance at June 30, 2015, was $28.000; at June 30, 2016, it was $24,000. f. h. i. J. Print Done any number in the input fields and then click Check Answer. Check Clear All