The 2018 comparative balance sheet and income statement of Allen Group, Inc. follow. Allen disposed of a plant asset at book value duing 2018.
Data Table Allen Group, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory 8,800 $ 15,600 43,500 93,200 42,000 96,500 Long-term Assets Land Plant Assets Accumulated Depreciation-Plant Assets 19,000 111,210 (17,310) $ 292,500 $265,200 44,500 121,510 (20,810) Total Assets Liabilities Current Liabilities Accounts Payable $ 24,300 $ 26,100 Accrued Liabilities 23,800 22,500 Long-term Liabilities PrintDone The 2018 comparative balance sheet and income statement of Allen Group, Inc. follow. Allen dsposed of a plant asset at book value during 2018 Click the loon to view the comparative balance sheet) Click the icon to view the income statement Prepare the spreadsheet for the 2018 statement of cash fows Format cash flows from operating activibes by the indrect methed. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12,300 There werero sales of land, no retire. efoonnon stock, and no 0asury stock ansacions. Assume plant isset and land aoquisitors were for cash use the transactor rolerences Panel B have been completed.) Panel B when selectingthe ansacton ro orences r Panel Aorabox is not sed irto spreadsheet, leave the box empty, domselect al bel or efter a zaro Donot deck your answer urea both Panel Aand Allen Group, Ine. Spreadsheet for Statement of Cash Flows Panel A Balance Sheet 1231/201 2/31/2018 $ 15 8,800 2.000 6,500 44.500 121,510 Accounts Receivable 43. Merchandise Inverory Plarl Assets 11.2 265 200 292,50 otal Assets Accounts Payable Accrued Liablities 26 24.300 23,800 nput fields The 2018 comparative balance sheet and income statement of Allen Group, Inc. follow Allen disposed of a plant asset at book value during 2018. (Cick the ioon to view the comparabvebalance sheeL) (Cick thecon to views e income statement.) Prepare the spreadsheet for the 2018 statement of cash fows Format cash fows from operating activies by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12.300 There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash Accrued Liabtes Notes Payable Total Liabities 23,800 9,000 97,100 22.500 Common Stock Retained Eamings Total Liabaties and Stockholders' Equity 130 20.000 39,400 6,000 292,500 .200 Panel B-Statement of Cash Flows Cash Flows from Operaing Acivise Adjustments to Reconcile Net lnoome o Net Cash Provided by Operaing Activises (d nput fhelds and The 2018 comparative balance sheet and income statement of Allen Group, Inc. follow Allen disposed of a plant asset at book value during 2018. Click the loon to view the comparative balance sheet) Click the icon to view the income statement Prepare the spreadsheet for the 2018 statement of cash fows Format cash fows from operating activies by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $12.300 There were no sales of land, no retirement of common stock, and no treasury stock transactions. Assume plant asset and land acquisitions were for cash Net Cash Provided by Operating Activites Cash Flows from Investing Activilies Ne Cash Used for invesing Activites Cash Flows from Financing Actiities Ne Cash Used for Pinancing Actvites Non-cash Ivesting and Financing Ativies Total Non-cash investing and Financing Activities Choose from any ist or enter any number in the input fields and then cick Check
