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Summarized versions of Sanchez Corporation's financial statements for two recent years are as follows. : (Click the icon to view the financial statements.) Requirement 1.
Summarized versions of Sanchez Corporation's financial statements for two recent years are as follows. : (Click the icon to view the financial statements.) Requirement 1. Complete Sanchez Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) 2019 2018 Income Statement (in Thousands) Revenues 15,100 Cost of goods sold 11,010 1,255 1,220 Other expenses Income before income taxes 1,650 1,850 648 Income taxes (35%) Net income Statement of Retained Earnings Beginning balance $ 2,770 Net income Dividends (98) (110) Ending balance Balance Sheet Assets Assets 1,537 1,356 11,946 $ 14,452 $ 4,500 955 5,640 3,390 1,100 Cash Property, plant, and equipment Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Cash Flow Statement $ 9,500 $ 300 $ 300 160 160 4,322 Enter any number in the edit fields and then click Check Answer. 800 Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year (290) (560) (350) (540) (140) 1,240 Enter any number in the edit fields and then click Check
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