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Question 10 2.5 pts How much did Dewey Finn Corp. pay in cash for purchases of inventory during 2020? (just enter the number, without any
Question 10 2.5 pts How much did Dewey Finn Corp. pay in cash for purchases of inventory during 2020? (just enter the number, without any commas or a dollar sign) Financial Statements for 2020 Balance Sheet Income Statement Assets Cash Accounts Receivable, Net Inventory Prepaid Rent Equipment, Net Land Total Assets 2020 2019 $ 62,000 $ 48,000 $ 26,000 $ 23,000 $ 22,000 $ 32,000 $ 40,000 $ 20,000 $ 72,000 $ 80,000 $ 30,000 $ 40,000 $ 252,000 $ 243,000 Sales Revenue $ 230,000 Cost of Goods Sold $ (135,000) Wages Expense $ (18,000) Rent Expense $ (10,000) Bad Debt Expense $ (2,000) R&D Expense $ (20,000) Depreciation Expense $ (8,000) Interest Expense $ (4,000) Gain on Sale of Land $ 3,000 Income Tax Expense $ (5,000) Net Income $ 31,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Equity 2020 2019 $ 28,000 $ 24,000 $ 23,000 $ 17,000 $ 1,000 $ 8,000 $ 38,000 $ 38,000 $ 120,000 $ 120,000 $ 42,000 $ 36,000 $ 252,000 $ 243,000
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