Question 36 5 pts Info below, what is the net cash flow for Fox's 2020 SCFS ing activities? Income BS Liabs BS Assets 12/31/20 12/31/19 12/31/2012/31/19 Stmt & SE $ Accts $900.000 Cash: $ 12,000 $ 12.500 $ 80.000 14.000 Payable: Taxes (350,000) Accts Rec: 124,000 102,000 8.000 12,000 Payable: Divs $550,000 AFS Secs: 70,000 36,000 16,000 20,000 Payable: Wages (240,000) Inventory: 80,000 120,000 16,000 8,000 Payable: Prepaid Interest 5,000 10,000 8,000 2,000 Rent: Payable: Notes 3,000 Land: 250.000 180,000 120,000 138,000 Payable: (6,000) Equipment: 180,000 260,000 Common 16,000 15,000 Stock Accum Additional $312,000 (70,000) (50,000) Depr. 160,000 147.000 PIC: (80,000) Patents: 94.000 100.000 Retained 400,000 350,000 Earnings: - F * $ 4 % 5 a> &7 8 9 9 0 R T Y U O F G H J Dashboard httpsna139.com Digital Systems temple email Cls ACCT 3531 > Question 36 5 pts Using info below, what is the net cash flow for Fox's 2020 SCFS Financing activities? Exp: Income BS Liabs 2020 BS Assets 12/31/2012/31/19 12/31/2012 Stmt & SE $ Accts Sales: $900,000 Cash: $ 12.000 $ 12,000 $ 14,000 Payable: Taxes CGS (350,000) Accts Rec: 124.000 102,000 8,000 Payable: Gross Divs $550.000 AFS Secs: 70.000 36,000 16.000 Profit: Payable: Op. Wages (240,000) Inventory: 80,000 120,000 16,000 Payable: Gain - Prepaid Interest 5.000 10,000 8,000 2,000 Equip: Rent: Payable: Interest Notes 3,000 Land: 250,000 180,000 120.000 1 Rev: Payable: Interest Common (6,000) Equipment: 180,000 260,000 16,000 Exp: Stock: Pre-Tax Accum Additional $312,000 (70,000) (50,000) 160,000 1 NI: Depr: PIC: Income Retained (80,000) Patents: 94,000 100.000 400,000 3 Earnings: $ % 5 6 & 7 00* R T T Y U O F G H J K ture.com/course/95756/quizzes/secured lockdown Mape Dashboard httle.natas.com Digital Systeme temple CACCE 35 5.000 Gain Prepaid Interest 10,000 3,000 2,000 Equip Rent: Payable: Interest Notes 3.000 Land: 250,000 180,000 120,000 1 Rev: Payable: Interest Common 16,000) Equipment 180,000 260,000 16,000 Exp: Stock: Pre-Tax Accum $312,000 Additional 160.000 1 (70,000) (50,000) NI Depr PIC: Income Retained (80,000) Patents: 94,000 100,000 400,000 3 Tax Earnings: NI: $232,000 Totals: $750,000 $770,000 Totals: $750,000 $7 Notes: 1) The only long-term asset sold in 2020 is Equipment with an $80,000 cost & 30% depreciated when sold. 2) All Depreciation & Amortization Expenses are included in Operating Expense (Op.Exp.) O 15186,000) O 15154,000) O $182,000 ($218.000) 15190.000 30 888 # % 5 4 6 & 7 8 9 R T Y U c F G H J K Das Prepaid Interest 5,000 10,000 8.000 2.000 Rent: Payable: Notes 3,000 Land: 250.000 180,000 120,000 138.000 Payable: Common (6,000) Equipment: 180,000 260,000 16,000 15,000 Stock: Accum Additional $312.000 (70,000) (50,000) 160,000 147.000 Depr: PIC: Retained (80,000) Patents: 94,000 100.000 400,000 350.000 Earnings: $232,000 Totals: $750,000 $770,000 Totals: $750,000 $770,000 1) The only long-term asset sold in 2020 is Equipment $80,000 cost & 30% depreciated when sold. 2) All Depreciation & Amortization Expenses are din Operating Expense (Op.Exp.) O ($186,000) 0 ($154,000) $182,000 ($218,000) O ($190,000) 288 74 76 A 3 % 5 6 & 7 8 9 2 T Y