Sales Cost of Goods Sold Gross Profit Depreciation Expense New Smyrna Surf Shop Income Statements For the Years 2019 and 2020 D E F H 2019 Note: Cells with a green background are the missing cells in the problem. 2020 $ 378.565 $ 303.750 208.208 167.062 6.272 Selling & Admin Expense 1.113 972 Net Operating Income Interest Expense 1.376 1,093 Earnings Before Taxes Taxes Net Income Notes: Tax Rate Shares Outstanding Earnings per Share 25.0% 25.0% Dividends per Share $6.00 $5.00 Addition to RE per Share New Smyrna Surf Shop Balance Sheets For the Years 2019 and 2020 2020 201 20.966 $ 15.187 Cash Accounts receivable Inventories Total Current Assets 29.523 13.289 Gross fixed assets Accumulated depreciation Net Fixed Assets Total assets 58.765 14.640 44.125 9.569 116,179 56,320 Accounts payable $ 13.975 Notes payable 6.075 Total Current Liabilities 18.461 Long-term debt 12.125 Total Liabilities 29.150 29.831 Common stock 10.125 Additional paid in capital 1.013 Retained earnings 15.351 Total Equity 3. Total Liabilities & Equity 4 5 Notes: 6 Shares Outstanding 7 7.500 8 9 0 Cash Flows from Operations Net Income Depreciation Expense New Smyrna Surf Shop Statement of Cash Flows Change in Accounts Receivable Change in Inventories Change in Accounts Payable For the Year 2020 Total Cash Flows from Operations Cash Flows from Investing Change in fixed assets Total Cash Flows from Investing 7.148 (11.248) (8.276) 1.589 (41.704) Cash Flows from Financing Change in Notes Payable Change in Long-Term Debt Change in Common Stock Change in Paid-In Capital Cash Dividends Total Cash Flows from Financing Net Change in Cash Balance Check answer against Balance Sheet Beginning Cash From Balance Sheet Ending Cash From Balance Sheet Net Change in Cash Balance (3.025) 755 S (41,704)