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Second Midterm Inc. Income Statement for the year ended December 31, 2022 Income Statement for the year ended in Salse Additional Information: New equipment costing
Second Midterm Inc. Income Statement for the year ended December 31, 2022 Income Statement for the year ended in Salse Additional Information: New equipment costing $90,000 was purchased for $35,000 with the balance financed on the bank loan. Old equipment was sold resulting in a loss on disposal of $9,400. Operating expenses includes depreciation expense of $51,000. Required. Fill in the blanks - enter the absolute value of all items rounded to the nearest dollar (i.e., do not use negative signs nor brackets, nor thousand separator). For example, enter 20000 for $19,999.87 or 20000 for ($19,999.87). BE CAREFUL on data entry he first question to the first box, the second question to the second box etc. Fill in the blanks - enter the absolute value of all items rounded to the nearest dollar (i.e., do not use negative signs nor brackets, nor thousand separator). For example, enter 20000 for $19,999.87 or 20000 for ($19,999.87). BE CAREFUL on data entry the first question to the first box, the second question to the second box etc. With respect to Operations: 1. Cash received from customers 2. Cash paid to suppliers 3. Cash paid for interest 4. Cash paid for taxed With respect to Investing: 5. Proceeds on disposition of capital asset 6. Capital assets acquired 7. Net capital spending With respect to Financing: 8. Sale of common shares 9. Repayment of bank loan payable 10. Payment of cash dividends 11. Net cash from financing
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