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Tab 1: A B C D E 1 Net Income for 20X2: $50,000 2 Depreciation Expense for 20X2: $5,000 3 4 Assets 20X1 20X2 5
Tab 1:
A B C D E 1 Net Income for 20X2: $50,000 2 Depreciation Expense for 20X2: $5,000 3 4 Assets 20X1 20X2 5 Marketable Securities $18,000 $22,000 Accounts Receivable $22,000 $30,000 Inventory $19,000 $25,000 8 Prepaid Expenses $12,000 $23,000 9 Equipment $20,000 $21,000 10 11 12 Liabilities 13 Accounts Payable $11,000 $19,000 14 Accrued Expenses $9,000 $12,000 15 Current Maturities of Long-Term Debt $18,000 $22,000 16 Long-Term Debt $19,000 $20,000 17 18 19A. E Net Income for 20X2: $100,000 2 Depreciation Expense for 20X2: $10,000 4 Assets 20X1 20X2 5 Marketable Securities $25,000 $30,000 Accounts Receivable $24,000 $26,000 Inventory $ 20,000 $18,000 8 Prepaid Expenses $10,000 $25,000 10 Liabilities 11 Accounts Payable $15,000 $13,000 12 Accrued Expenses $10,000 $15,000 13 14Step by Step Solution
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