Safari File Edit View History Bookmarks Window Help zoom Q Wed Oct 4 11:51 PM canvas.illinois.edu C + FIN241 Apple Bing Google Yahoo Candida.. Internsh.. Careers V Job Sea.. I Quiz: A. Balance... Course. Course . Homew .. Screen Shot 23-0.. 01.06 PM 2023-0....54:12 PM 2023-0...53.25 PM D Question 1 1 Hour, 52 Minutes, 18 Seconds 30 pts Income Statement reen en Shot 23-0....01.10 PM 2023-0....54.14 PM 2023-0..53.29 PM 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. Screen Shot Screen Shot hot 23-0...49.27 PM 2023-0.. .54.17 PM 2023-0..54.00 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 Screen Shot Screen Shot hot Incorrect answer format examples: $100,000 or 100000 or (1,000) 23-0...25.54 PM 2023-0...00.44 PM 2023-0.-54.04 PM ASSETS Beginning Ending Accounts Receivable 16,000 20,000 Screen Shot Screen Shot Screen Shot Prepaid Expenses 6,000 9,000 23-0...25.59 PM 2023-0...00.52 PM 2023-0...32.41 AM Inventories 17,000 14,000 Supplies 7,000 3,000 Machinery and 250,000 223,000 Screen Shot Screen Shot Screen Shot Equipment 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM LIABILITIES Accounts Payable 9,000 14,000 Screen Shot Screen Shot Screen Shot Other Accrued Expenses 3,000 7,000 023-10...8.57 PM 2023-0...00.59 PM 2023-0...10.49 A Accrued Interest 3,000 2,000 3,472 OCT 4 "tvSafari File Edit View History Bookmarks Window Help zoom Q Wed Oct 4 11:51 PM canvas.illinois.edu C + FIN241 Apple Bing Google Yahoo Screen Shot Candida.. Internsh.. Careers V Job Sea.. I Quiz: A.. Balance... *Course. Course. 23-0...01.06 PM 2023-0...54:12 PM 2023-0...53.25 PM LIABILITIES Accounts Payable 9,000 14,000 Other Accrued Expenses 3,000 7,000 en Shot 23-0....01.10 PM 2023-0....54.14 PM 2023-0..53.29 PM Accrued Interest 3,000 2.000 Accrued Taxes 21,000 25,000 Current Portion of 7,000 9,000 Screen Shot Screen Shot hot Deferred Taxes 23-0...49.27 PM 2023-0. . 54.17 PM 2023-0. .54.00 Non-Current Portion of 11,000 13,000 Deferred Taxes Screen Shot Screen Shot hot 23-0...25.54 PM 2023-0...00.44 PM 2023-0. 54.04 PM OTHER INFORMATION Owner withdrawals for family living 67,000 Principal payments on long-term 7,500 Screen Shot Screen Shot Screen Shot debt 23-0...25.59 PM 2023-0...00.52 PM 2023-0...32.41 AM Machinery sold for $5,000 with a ?? ? tax basis of $10,000 Screen Shot Screen Shot Screen Shot 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM INCOME STATEMENT REVENUES Cash Sales 404,000 Screen Shot Screen Sh 023-10...8.57 PM 2023-0...00.5 Inventories adjustment 3,472 OCT 4Safari File Edit View History Bookmarks Window Help zoom Q Wed Oct 4 11:51 PM canvas.illinois.edu C + FIN241 Apple Bing Google Yahoo Candida.. Internsh.. Careers V Job Sea. I Quiz: A.. Balance... *Course.. Course. Screen Shot 23-0..01.06 PM 2023-0....54:12 PM 2023-0...53.25 PM INCOME STATEMENT REVENUES Cash Sales 404,000 en Shot 23-0....01.10 PM 2023-0....54.14 PM 2023-0..53.29 PM Inventories adjustment Accounts receivable adjustment Screen Shot Screen Shot hot 23-0...49.27 PM 2023-0.. .54.17 PM 2023-0. .54.00 Gross Revenue OPERATING EXPENSES Screen Shot Screen Shot hot Cash Operating Expenses 225,000 23-0...25.54 PM 2023-0...00.44 PM 2023-0. 54.04 PM Accounts Payable adjustment Screen Shot Screen Shot Screen Shot Prepaid Expenses adjustment 23-0...25.59 PM 2023-0...00.52 PM 2023-0...32.41 AM Supplies adjustment Work in Progress adjustment 0 Screen Shot Screen Shot Screen Shot 023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM Other Accrued Expenses + adjustment Depreciation Expense 20,000 Screen Shot Screen Sh Total Operating Expenses 023-10...8.57 PM 2023-0...00.5 3,472 OCT 4 as tv NOSafari File Edit View History Bookmarks Window Help zoom Q Wed Oct 4 11:51 PM canvas.illinois.edu C + FIN241 Apple Bing Google Yahoo Candida.. Internsh... Careers V Job Sea.. I Quiz: A. Balance... *Course. Course. Screen Shot 23-0...01.06 PM 2023-0....54:12 PM 2023-0...53.25 PM Total Operating and Interest Expense en Shot 23-0....01.10 PM 2023-0....54.14 PM 2023-0..53.29 PM Net Income from Operations Gains/Losses on Sales of Screen Shot Screen Shot hot 23-0...49.27 PM 2023-0.. 54.17 PM 2023-0. .54.00 Capital Assets Income Before Taxes Screen Shot Screen Shot hot 23-0...25.54 PM 2023-0...00.44 PM 2023-0.-54.04 PM TAX EXPENSES Cash Tax Expenses 24,000 Screen Shot Screen Shot Screen Shot 23-0...25.59 PM 2023-0...00.52 PM 2023-0...32.41 AM Accrued Taxes adjustment Current Portion of Deferred + Taxes adjustment Screen Shot Screen Shot Screen Shot |023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM Total Tax Expense NET INCOME Screen Shot Screen Sh 023-10...8.57 PM 2023-0...00.5 3,472 4 "tv NOSafari File Edit View History Bookmarks Window Help zoom Q Wed Oct 4 11:51 PM canvas.illinois.edu C + FIN241 Apple Bing Google Yahoo Candida.. Internsh... Careers V Job Sea.. I Quiz: A. Balance... *Course. Course. Screen Shot 23-0...01.06 PM 2023-0....54:12 PM 2023-0...53.25 PM Total Operating and Interest Expense en Shot 23-0....01.10 PM 2023-0....54.14 PM 2023-0..53.29 PM Net Income from Operations Gains/Losses on Sales of Screen Shot Screen Shot hot 23-0...49.27 PM 2023-0.. 54.17 PM 2023-0. .54.00 Capital Assets Income Before Taxes Screen Shot Screen Shot hot 23-0...25.54 PM 2023-0...00.44 PM 2023-0.-54.04 PM TAX EXPENSES Cash Tax Expenses 24,000 Screen Shot Screen Shot Screen Shot 23-0...25.59 PM 2023-0...00.52 PM 2023-0...32.41 AM Accrued Taxes adjustment Current Portion of Deferred + Taxes adjustment Screen Shot Screen Shot Screen Shot |023-10...1.10 PM 2023-0...00.54 PM 2023-0...54.08 PM Total Tax Expense NET INCOME Screen Shot Screen Sh 023-10...8.57 PM 2023-0...00.5 3,472 4 "tv NO