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stated (19,900) incorrect 63,800 incorrect the option wrong plus final banalce wrong please provide correct answer for these Grouper Corp's income statement for the year
stated (19,900) incorrect 63,800 incorrect the option wrong
plus final banalce wrong please provide correct answer for these
Grouper Corp's income statement for the year ended December 31, 2020, had the following condensed information: Sales revenue $768,700 Operating expenses (excluding depreciation) $489,000 Depreciation expense 58,000 Unrealized loss on FV-NI investments 5.100 Loss on disposal of equipment 13,600 565.700 Income before income taxes 203,000 Income tax expense 53,000 Net income $150,000 There were no purchases or sales of trading (FV-NI) investments during 2020. Grouper's statement of financial position included the following comparative data at December 31: 2020 2019 FV-NI investments $21.900 $27.000 Accounts receivable 35.100 55.000 Accounts payable 45,400 32.000 Income tax payable 7.400 9.300 OLO L For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income /(Loss) 150,000 Adjustments to reconcile net income to net cash provided by operating activities: Loss on Disposal of Equipment $ 13,600 Depreciation Expense 58.000 Unrealized Loss - FV-NI Investments 5.100 Decrease in Accounts Receivable (19.900) Increase in Accounts Payable v 13.400 Decrease in Income Tax Payable (1.900) 63,800 Net Cash Used by Operating Activities $ 218.000 e Textbook and Media Assistance Used (19 Net Cash Provided by Investing Activities Net Cash Used by Operating Activities Cash Flowu from Operating Activities Net Cash Provided by Operating Activities Cash Flows from Financing Activities Cash at Beginning of Period Net Cash Used by Financing Activities Cashat End of Period Net Decrease in Cash Net Increase in Cash Cash Flows from Investing Activities Net Cash Used by Investing Activities Net Cash Provided by Financing Activities (1 Net Cash Used by Operating Activities e Textbook and MediaStep by Step Solution
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