Safari File Edit View History Bookmarks Window Help Candida... 109 Internsh... Question 1 ASSETS Accounts Receivable Prepaid Expenses Inventories Supplies Machinery and Equipment LIABILITIES Accounts Payable Other Accrued Expenses Accrued Interest 3,472 FIN241 Apple Bing Google Yahoo V Job Sea... Careers 280 canvas.illinois.edu Income Statement Use the information provided in the tables below to complete the Income Statement. Enter your answers in the blank boxes provided in the last column of the Income Statement. When entering answers: Use comma separators, DO NOT use the dollar sign, DO use a negative sign to indicate negative values. Correct answer format examples: 100,000 or -1,000 Incorrect answer format examples: $100,000 or 100000 or (1,000) Beginning Ending 16,000 20,000 6,000 17,000 14,000 7,000 3,000 9,000 250,000 223,000 9,000 14,000 3,000 3,000 OCT 4 I Quiz: A... 7,000 2,000 Balance... tv 30 pts -) D Course... Course... A zoom +0 1 Hour, 52 Minutes, 18 Seconds W Homew... zoom X a Screen Shot Screen Shot Screen Shot 23-0.:01.06 PM 2023-0...54.12 PM 2023-0...53.25 PM Screen Shot Screen Shot Screen Shot 023-0....01.10 PM 2023-0....54.14 PM 2023-0...53.29 PM Screen Shot 023-0...49.27 PM Screen Shot 023-0...25.54 PM Screen Shot 023-10...1.10 PM DININIAI SITTEN Wed Oct 4 11:51 PM Screen Shot 2023-0.54.17 PM Screen Shot Screen Shot 023-0...25.59 PM 2023-0...00.52 PM Screen Shot 2023-0...00.44 PM Screen Shot 2023-0...00.54 PM Screen Shot Screen Shot 023-10...8.57 PM 2023-0...00.59 PM ? C Screen Shot 2023-0...54.00 PM Screen Shot 2023-0. 54.04 PM Screen Shot 2023-0...32.41 AM Screen Shot 2023-0...54.08 PM Screen Shot 2023-0...10.49 A Safari File Edit View History Bookmarks Window Help Candida... 109 Internsh... LIABILITIES Accounts Payable Other Accrued Expenses Accrued Interest Accrued Taxes Current Portion of Deferred Taxes Non-Current Portion of Deferred Taxes OTHER INFORMATION REVENUES Cash Sales Owner withdrawals for family living Principal payments on long-term debt Inventories adjustment FIN241 Apple Bing Google Careers Machinery sold for $5,000 with a tax basis of $10,000 3,472 280 7,000 9,000 14,000 3,000 7,000 3,000 2,000 21,000 25,000 canvas.illinois.edu 11,000 13,000 INCOME STATEMENT + Job Sea... 9,000 67,000 7,500 OCT 4 ??? 404,000 Yahoo I Quiz: A... tv -) Balance... D Course... A Course... zoom +0 Homew... W zoom X a Screen Shot Screen Shot Screen Shot 23-0.:01.06 PM 2023-0...54.12 PM 2023-0...53.25 PM Screen Shot Screen Shot Screen Shot 023-0....01.10 PM 2023-0....54.14 PM 2023-0...53.29 PM Screen Shot 023-0...49.27 PM Screen Shot 023-0...25.54 PM DININIAI SITTEN Wed Oct 4 11:51 PM Screen Shot 2023-0.54.17 PM Screen Shot 2023-0...00.44 PM Screen Shot Screen Shot 023-0...25.59 PM 2023-0...00.52 PM Screen Shot Screen Sh 023-10...8.57 PM 2023-0...00.5 ? Screen Shot Screen Shot Screen Shot 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM O Screen Shot 2023-0...54.00 PM Screen Shot 2023-0. 54.04 PM Screen Shot 2023-0...32.41 AM BHONERO.--*** *00-00 A Safari File Edit View History Bookmarks Window Help Candida... 109 Internsh... REVENUES Cash Sales Inventories adjustment Accounts receivable adjustment Gross Revenue INCOME STATEMENT OPERATING EXPENSES Cash Operating Expenses Accounts Payable adjustment W Careers Prepaid Expenses adjustment Supplies adjustment Work in Progress adjustment Other Accrued Expenses adjustment Depreciation Expense Total Operating Expenses 3,472 280 FIN241 Apple Bing Google Yahoo + + + I canvas.illinois.edu I + OCT 4 Job Sea... 404,000 225,000 O 20,000 I Quiz: A... tv -) Balance... D Course... A Course... zoom +0 Homew... W zoom X a Screen Shot Screen Shot Screen Shot 23-0.:01.06 PM 2023-0...54.12 PM 2023-0...53.25 PM Screen Shot Screen Shot Screen Shot 023-0....01.10 PM 2023-0....54.14 PM 2023-0...53.29 PM Screen Shot 023-0...49.27 PM Wed Oct 4 11:51 PM Screen Shot 2023-0.54.17 PM Screen Shot Screen Shot 023-0...25.54 PM 2023-0...00.44 PM DININIAI SITTEN Screen Shot Screen Shot 23-0...25.59 PM 2023-0...00.52 PM Screen Shot Screen Sh 023-10...8.57 PM 2023-0...00.5 ? Screen Shot Screen Shot Screen Shot 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM O Screen Shot 2023-0...54.00 PM Screen Shot 2023-0. 54.04 PM Screen Shot 2023-0...32.41 AM BHONERO-R*** 300-00 ? .. A Safari File Edit View History Bookmarks Window Help Candida... 109 Internsh... Other Accrued Expenses adjustment Depreciation Expense Total Operating Expenses INTEREST EXPENSES Cash Interest Expense Accrued Interest Adjustment Total Interest Expense Total Operating and Interest Expense Net Income from Operations Gains/Losses on Sales of Capital Assets Income Before Taxes 3,472 Careers 280 FIN241 Apple Bing Google Yahoo + canvas.illinois.edu + OCT 4 Job Sea... 20,000 11,000 I Quiz: A... tv (C Balance... D Course... A Course... zoom +0 Homew... W zoom X a Screen Shot Screen Shot Screen Shot 23-0.:01.06 PM 2023-0...54.12 PM 2023-0...53.25 PM Screen Shot Screen Shot Screen Shot 023-0....01.10 PM 2023-0....54.14 PM 2023-0...53.29 PM Screen Shot 023-0...49.27 PM Screen Shot 023-0...25.54 PM Screen Shot 23-0...25.59 PM DININIAI SITTEN Wed Oct 4 11:51 PM Screen Shot 2023-0.54.17 PM Screen Shot 2023-0...00.44 PM Screen Shot 2023-0...00.52 PM Screen Sh Screen Shot 023-10...8.57 PM 2023-0...00.5 ? Screen Shot Screen Shot Screen Shot 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM O Screen Shot 2023-0...54.00 PM Screen Shot 2023-0. 54.04 PM Screen Shot 2023-0...32.41 AM -*** 300-00?___ A Safari File Edit View History Bookmarks Window Help Candida... 109 Internsh... Total Operating and Interest Expense Net Income from Operations Gains/Losses on Sales of Capital Assets Income Before Taxes TAX EXPENSES Cash Tax Expenses Accrued Taxes adjustment Current Portion of Deferred Taxes adjustment Total Tax Expense NET INCOME 3,472 280 FIN241 Apple Bing Google Yahoo Careers + canvas.illinois.edu + OCT 4 Job Sea... 24,000 I Quiz: A... tv -) Balance... D Course... A Course... zoom +0 Homew... W zoom X a Screen Shot Screen Shot Screen Shot 23-0.:01.06 PM 2023-0...54.12 PM 2023-0...53.25 PM Screen Shot Screen Shot Screen Shot 023-0....01.10 PM 2023-0....54.14 PM 2023-0...53.29 PM Screen Shot 023-0...49.27 PM Wed Oct 4 11:51 PM Screen Shot 2023-0.54.17 PM Screen Shot Screen Shot 023-0...25.54 PM 2023-0...00.44 PM sin: Ramad Screen Shot Screen Shot 023-0...25.59 PM 2023-0...00.52 PM Screen Shot Screen Sh 023-10...8.57 PM 2023-0...00.5 ? Screen Shot Screen Shot Screen Shot 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM O Screen Shot 2023-0...54.00 PM Screen Shot 2023-0. 54.04 PM Screen Shot 2023-0...32.41 AM BHONERO-R*** 300-00 ? .. A