Refer to the following financial statements for Fabulous Corporation: FABULOUS CORPORATION Income Statement For the Year Ended December 31, 2019 Sales $ Cost of goods sold Gross profit $ Selling and administrative expense Depreciation expense Operating income $ Interest expense Earnings before taxes $ Taxes Earnings after taxes $ Preferred stock dividends Earnings available to common stockholders $ Shares outstanding Earnings per share $ 3,799,00 2.420, 1,378, de 744,000 238,000 388,00 se, 20e 387,88 168, BD 139,800 10,00 129,800 158, 0.87 Statement of Retained Earnings For the Year Ended December 31, 2019 Retained earnings, balance, January 1, 2019 Add: Earnings available to comon stockholders, 2019 Deduct: Cash dividends declared and paid in 2019 Retained earnings, balance, December 31, 2019 $ 895,700 129,800 239.000 $786, See Year-End 2019 $ 389,800 549, 710,000 32.00 $1,681, tea 84,98 $ 2,980,000 1.858.000 Comparative Balance Sheets For 2018 and 2019 Year-End 2018 Assets Current assets Cash $ 11e,eaa Accounts receivable (net) 535,000 Inventory 671,00 Prepaid expenses 65,900 Total current assets $1,381, Investments (long term securities) 98, 20e Gross plant and equipent $ 2,830, eee Lesst Accumulated depreciation 1.620,000 Net plant and equipment 1.210. Total assets $2,690,100 Liabilities and Stockholders' Equity Current liabilities! Accounts payable 397,000 Notes payable 569, eee Accrued expenses 78.400 Total current liabilities $1,044,40 Long-tere liabilities: payable, 2002 160.00 Total Tibilities $1,200,400 Stockholders equiry Preferred stock, 5100 par value 1 90,00 Conton stock, 51 par value 15e,eee Capital paid in excess of par Retained earnings 35e,eee Total stockholders' equity 51,485,700 Total liabilities and stockholders' equity 52,690, 100 1.122.000 $2,888,500 $630,000 569.ee 54, eee $1,253,000 Bonds 259,00 $1,512,000 $ 90, 158,00 35e, 786,50 $276. See $2,888, see .. Prepare a statement of cash flows for the Fabulous Corporation (Amounts to be deducted should be indicated with parenthe or a minus sign.) FABULOUS CORPORATION ype here to search O RA Capital paid in excess of tedarins Tots stockholders uity Tots labilities and stockholderst quity 150 He, 295,00 $1,450 $2,690, 100 158, Bee 399,00 786,58 $1,378,500 2,888,5ee a. Prepare a statement of cash flows for the Fabulous Corporation: (Amounts to be deducted should be indicated with parentheses or a minus sign FALOUS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating sites Amets to deten Gashow from operating sites Total adjustments Now from opening Cash flows from investing settes O Natashows from investing Cashoutom financing Nel corsom trenge cierto the following financial statements for Fabulous Corporation: FABULOUS CORPORATION Income Statement For the Year Ended December 31, 2019 Sales 5 3,790,00 Cost of goods sold 2.020. Gross profit 1,370,000 Selling and instrative expense 744,00 Depreciation expense 238, Operating income 5 388,000 Interest expense Earnings before taxes 307, Tas 168, Earnings after tas 139, Preferred stock dividends Earnings available to como stockholders 129,800 Shares outstanding 150,00 Earnings per share 5 0.87 $ $ Statement of Head Earnings For the Year Ended December 31, 2019 Rutained earnings, balance, January 1, 2019 At Earnings available to como stockholders, 2019 Deduct: Cash dividends declared and paid in 2019 Retained earnings, balance, December 31, 2010 129, 219.000 Comparative Balance Sheets For 2013 and 2019 Year-End Year End 2819 $ 110, 535,00 671, 65,00 31,90 $ 2.10. 91,200 1.620.000 1,210,000 $388, 549, 710, 32,800 $1,61,6 84.900 $ 3.990.00 1.8.0 Assets Current wat Cash Accounts receivable (et) Taventory Prepaid expenses Total current Tvestments (long-term securities Gross plant and want Less Acculated depreciation et plant and equipment Total Lilities and Stockholders buty Current laties Accounts payable Access Total current liabiti Long-ten litt Bonds payable, 2012 Total listi Stockholders ty: Preferred to par value Conta, si par value Capital gains of Retained ning Total sector muity 52,50 $ 197,00 569, 75. 3. 500,00 54, 31,251, 108,00 5 3 159,00 350, 358,00 7500 S. .. Prepare a statement of cash flows for the Fabulous Corporation counts to be deducted should be indicated with parentheses or minus on TABULOUS CORPORATION Type here to search O BE - Prepare a statement of cash flows for the Fabulous Corporation: (Amounts to be deducted should be indicated with parentheses or a minus slgn.) FABULOUS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities Adjustments to determine low from operating 0 Netcashows from springties Cashows from investing acties 5 O Nows from investing acties Cash som fringitis A Refer to the following financial statements for Fabulous Corporation: FABULOUS CORPORATION Income Statement For the Year Ended December 31, 2019 Sales $ Cost of goods sold Gross profit $ Selling and administrative expense Depreciation expense Operating income $ Interest expense Earnings before taxes $ Taxes Earnings after taxes $ Preferred stock dividends Earnings available to common stockholders $ Shares outstanding Earnings per share $ 3,799,00 2.420, 1,378, de 744,000 238,000 388,00 se, 20e 387,88 168, BD 139,800 10,00 129,800 158, 0.87 Statement of Retained Earnings For the Year Ended December 31, 2019 Retained earnings, balance, January 1, 2019 Add: Earnings available to comon stockholders, 2019 Deduct: Cash dividends declared and paid in 2019 Retained earnings, balance, December 31, 2019 $ 895,700 129,800 239.000 $786, See Year-End 2019 $ 389,800 549, 710,000 32.00 $1,681, tea 84,98 $ 2,980,000 1.858.000 Comparative Balance Sheets For 2018 and 2019 Year-End 2018 Assets Current assets Cash $ 11e,eaa Accounts receivable (net) 535,000 Inventory 671,00 Prepaid expenses 65,900 Total current assets $1,381, Investments (long term securities) 98, 20e Gross plant and equipent $ 2,830, eee Lesst Accumulated depreciation 1.620,000 Net plant and equipment 1.210. Total assets $2,690,100 Liabilities and Stockholders' Equity Current liabilities! Accounts payable 397,000 Notes payable 569, eee Accrued expenses 78.400 Total current liabilities $1,044,40 Long-tere liabilities: payable, 2002 160.00 Total Tibilities $1,200,400 Stockholders equiry Preferred stock, 5100 par value 1 90,00 Conton stock, 51 par value 15e,eee Capital paid in excess of par Retained earnings 35e,eee Total stockholders' equity 51,485,700 Total liabilities and stockholders' equity 52,690, 100 1.122.000 $2,888,500 $630,000 569.ee 54, eee $1,253,000 Bonds 259,00 $1,512,000 $ 90, 158,00 35e, 786,50 $276. See $2,888, see .. Prepare a statement of cash flows for the Fabulous Corporation (Amounts to be deducted should be indicated with parenthe or a minus sign.) FABULOUS CORPORATION ype here to search O RA Capital paid in excess of tedarins Tots stockholders uity Tots labilities and stockholderst quity 150 He, 295,00 $1,450 $2,690, 100 158, Bee 399,00 786,58 $1,378,500 2,888,5ee a. Prepare a statement of cash flows for the Fabulous Corporation: (Amounts to be deducted should be indicated with parentheses or a minus sign FALOUS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating sites Amets to deten Gashow from operating sites Total adjustments Now from opening Cash flows from investing settes O Natashows from investing Cashoutom financing Nel corsom trenge cierto the following financial statements for Fabulous Corporation: FABULOUS CORPORATION Income Statement For the Year Ended December 31, 2019 Sales 5 3,790,00 Cost of goods sold 2.020. Gross profit 1,370,000 Selling and instrative expense 744,00 Depreciation expense 238, Operating income 5 388,000 Interest expense Earnings before taxes 307, Tas 168, Earnings after tas 139, Preferred stock dividends Earnings available to como stockholders 129,800 Shares outstanding 150,00 Earnings per share 5 0.87 $ $ Statement of Head Earnings For the Year Ended December 31, 2019 Rutained earnings, balance, January 1, 2019 At Earnings available to como stockholders, 2019 Deduct: Cash dividends declared and paid in 2019 Retained earnings, balance, December 31, 2010 129, 219.000 Comparative Balance Sheets For 2013 and 2019 Year-End Year End 2819 $ 110, 535,00 671, 65,00 31,90 $ 2.10. 91,200 1.620.000 1,210,000 $388, 549, 710, 32,800 $1,61,6 84.900 $ 3.990.00 1.8.0 Assets Current wat Cash Accounts receivable (et) Taventory Prepaid expenses Total current Tvestments (long-term securities Gross plant and want Less Acculated depreciation et plant and equipment Total Lilities and Stockholders buty Current laties Accounts payable Access Total current liabiti Long-ten litt Bonds payable, 2012 Total listi Stockholders ty: Preferred to par value Conta, si par value Capital gains of Retained ning Total sector muity 52,50 $ 197,00 569, 75. 3. 500,00 54, 31,251, 108,00 5 3 159,00 350, 358,00 7500 S. .. Prepare a statement of cash flows for the Fabulous Corporation counts to be deducted should be indicated with parentheses or minus on TABULOUS CORPORATION Type here to search O BE - Prepare a statement of cash flows for the Fabulous Corporation: (Amounts to be deducted should be indicated with parentheses or a minus slgn.) FABULOUS CORPORATION Statement of Cash Flows For the Year Ended December 31, 2019 Cash flows from operating activities Adjustments to determine low from operating 0 Netcashows from springties Cashows from investing acties 5 O Nows from investing acties Cash som fringitis A