solve for part B please
Assignment > Open Assignment ASSIGNMENT RESOURCES CH 17: Pre-Class Homework Assignment 2 (Part Level Submission) Exercise 17-08 (Part Level Submission) Problem 17-05A Problem 17-07A (Video) (Part Level Submission) Problem 17-09A Problem 17-07A (Video) (Part Level Submission) The following are the financial statements of Nosker Company, NOSKER COMPANY Comparative Balance Sheets December 31 Assets 2020 2019 Cash $35,500 $19,500 Accounts receivable 32,350 18,200 Inventory 26,400 20,500 Equipment 59,750 77,100 Accumulated depreciation-equipment (29,100) (23,700) Total $124,900 $111,600 Review Score Review Results by Study Objective Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $28,250 7,000 26,400 17,750 45,500 $124,900 $ 16,450 8,400 32,200 13,050 41,500 $111,600 NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 CALCULATOR PRINTER VERSION NOSKER COMPANY Income Statement For the Year Ended December 31, 2020 Sales revenue Cost of goods sold Gross profit Operating expenses Income from operations Interest expense Income before income taxes Income tax expense $242,200 175,200 67,000 24,100 42,900 3,150 39,750 7,850 $31,900 Net Income Additional data: 1. Dividends declared and paid were $27,900. 2. During the year, equipment was sold for $7,850 cash. This equipment cost $17,350 originally and had a book value of $7,850 at the time of sale. 3. All depreciation expense, $14,900, is in the operating expenses. 4. All sales and purchases are on account. Your answer is partially correct. Try again. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - signe.g. -15,000 or in parenthesis e.. (15,000).) (a) Your answer is partially correct. Try again. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign 6.9. -15,000 or in parenthesis e... (15,000).) NOSKER COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income 31900 Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense 14900 Increase in Accounts Receivable (14150) Increase in Inventory (5900) Increase in Accounts Payable 11800 Decrease in Income Taxes Payable (1400) Assignment > Open Assignment ASSIGNMENT RESOURCES Decrease in Income Taxes Payable (1400) 5250 CH 17: Pre-Class Homework Assignment 2 (Part Level Submission) Exercise 17-08 (Part Level Submission) Problem 17-05A Problem 17-07A (Video) (Part Level Submission) Problem 17-09A Net Cash Provided by Operating Activities 37150 s Cash Flows from Investing Activities Sale of Equipment 7850 Review Score Review Results by Study Objective 7850 Net Decrease in Cash Cash Flows from Financing Activities Payment of Dividends (27900) (5800) Redemption of Bonds 4700 Issuance of Common Stock (29000) Net Cash Used by Financing Activities RCES CALCULATOR PRINTER VE Net Increase in Cash ent 16000 Cash at Beginning of Period 19500 3 Cash at End of Period 35500 Seo Rond Click If you would like to show Work for this question: Open Show Work SHOW SOLUTION SHOW ANSWER udy LINK TO TEXT LINK TO TEXT Attempts: 3 of 3 used (b) x Your answer is incorrect. Try again. Compute free cash flow. (Enter negative amount using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Free Cash Flow Click if you would like to Show Work for this questioni Modify Show Work
