QUESTION 1 25 points Save Answer Given the following balance sheets and the fact that Hoppe's Company had for the year 2020 Net income of $225,000 and Depreciation expense of $200,000, complete just the Cash Flows from Operating Activities section of the 2020 Cash Flow Statement Comparative Balance Sheets For 2019 and 2020 Year-End Year-End 2009 2010 Assets Current assets Cash Accounts receivable (net) Inventory Prepaid expenses... Total current assets $ 100,000 $120,000 500,000 510,000 610,000 640,000 60.000 30.000 1.270,000 1,300,000 90,000 80,000 2,000,000 2,600,000 1.000.000 1.230.000 1.000.000 1.370.000 $2.360.000 $2,750,000 Investments (long-term securities). Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Year-End Year-End 2019 2020 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities $ 300,000 $ 550,000 500,000 500,000 70.000 50.000 870.000 1 100 000 CVEX Hackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=21918_1&course_id=27114_1&.content_id.. Year-End Year-End 2019 2020 $ 300,000 $550 000 500,000 500 000 70.000 50.000 870,000 1,100,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities Bonds payable, 2015 Total liabilities Stockholders' equity Preferred stock, 5100 par value Common stock, 51 par value Capital paid in excess of par Retained earnings Total stockholders equity Total liabilities and stockholders' equity. 100.000 150.000 970 000 1,260,000 90,000 90,000 150.000 150.000 350.000 350.000 800.000 900.000 - 1 399.000 1.490.000 $2.360.000 $2.750.000 Anal 3 (121) T- Pathp Words: 0 QUESTION 1 25 points Save Answer Given the following balance sheets and the fact that Hoppe's Company had for the year 2020 Net income of $225,000 and Depreciation expense of $200,000, complete just the Cash Flows from Operating Activities section of the 2020 Cash Flow Statement Comparative Balance Sheets For 2019 and 2020 Year-End Year-End 2009 2010 Assets Current assets Cash Accounts receivable (net) Inventory Prepaid expenses... Total current assets $ 100,000 $120,000 500,000 510,000 610,000 640,000 60.000 30.000 1.270,000 1,300,000 90,000 80,000 2,000,000 2,600,000 1.000.000 1.230.000 1.000.000 1.370.000 $2.360.000 $2,750,000 Investments (long-term securities). Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Year-End Year-End 2019 2020 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities $ 300,000 $ 550,000 500,000 500,000 70.000 50.000 870.000 1 100 000 CVEX Hackboard.com/webapps/assessment/take/launch.jsp?course_assessment_id=21918_1&course_id=27114_1&.content_id.. Year-End Year-End 2019 2020 $ 300,000 $550 000 500,000 500 000 70.000 50.000 870,000 1,100,000 Liabilities and Stockholders' Equity Current liabilities Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities Bonds payable, 2015 Total liabilities Stockholders' equity Preferred stock, 5100 par value Common stock, 51 par value Capital paid in excess of par Retained earnings Total stockholders equity Total liabilities and stockholders' equity. 100.000 150.000 970 000 1,260,000 90,000 90,000 150.000 150.000 350.000 350.000 800.000 900.000 - 1 399.000 1.490.000 $2.360.000 $2.750.000 Anal 3 (121) T- Pathp Words: 0