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Review: How much cash did Panem Corp. pay to employees for wages during 2020? (just enter the number, without any commas or a dollar sign)
Review: How much cash did Panem Corp. pay to employees for wages 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 $ 61,000 $ 48,000 $ 27,000 $ 23,000 $ 22,000 $ 32,000 $ 30,000 $ 20,000 $ 72,000 $ 80,000 $ 30,000 $ 40,000 $ 242,000 $ 243,000 Sales Revenue Cost of Goods Sold Wages Expense Rent Expense Bad Debt Expense R&D Expense Depreciation Expense Interest Expense Gain on Sale of Land Income Tax Expense Net Income $ 210,000 $ (125,000) (20,000) $ (10,000) $ (2,000) $ (18,000) $ (8,000) (4,000) $ 3,000 $ (6,000) S 20,000 Liabilities and Equity Accounts Payable Wages Payable Income Tax Payable Long-Term Debt Contributed Capital Retained Earnings Total Liabilities and Equity $ $ $ $ $ $ $ 2020 23,000 $ 14,000 $ 5,000 $ 38,000 $ 120,000 $ 42,000 $ 242,000 $ 2019 24,000 17,000 8,000 38,000 120,000 36,000 243,000
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