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Supplemental Homework #10 Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year ended June 30, 2018 $660 $340 40 Sales
Supplemental Homework #10 Exterra Communications reported the following financial statements for 2018: EXTERRA COMMUNICATIONS Income Statement Year ended June 30, 2018 $660 $340 40 Sales revenue Cost of goods sold Depreciation expense Salary expense Other expenses, including income taxes Total expenses Net income la moc89 S 80 EXTERRA COMMUNICATIONS Comparative Balance Sheet June 30, 2018 and 2017 2018 2017 2018 2017 $.39 Thousands Assets Current Cash Accounts receivable Inventory Prepaid expenses Long-term investments Plant assets, net $ 53 Liabilities Current Accounts payable Salary payable Accrued liabilities Long-term notes payable 63 215 Stockholders' Equity Common stock Retained earnings w Total 37 Total 246 $476 $425 as $476 $425 Additional data during 2018: Exterra purchased no investments, but sold one investment. Exterra sold no plant assets, but purchased plant assets. Extensa had only one long-term note payable transaction. Externa had only one common stock transactions Prepare Extensa Communications' statement of cash flows for the year ended June 30, 2018 ch | O Ate . w]
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