The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $14100 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. Use the transaction references in Panel B when selecting the transaction references in Panel A (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero Do not check your answer until both Panel A and Panel B have been compleled.) Atkinson Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Balance Transaction Analysis Balance 12/31/2018 Panel A Balance Sheet: 12/31/2017 DEBI CREDIT Cash Accounts Receivable Merchandise Inventory 15700 43.100 12.900 41.900 97000 39 600 93.400 14.000 Land Choose from any list of enter any number in the input fields and then continue to the next question 241 PM en: 1 pt 4 of 4 (3 complete) This Tes X B Data Table - Data Table mpal ico tion of the Spre The Atkinson Group, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 heck your a sacti A and Assets Atkinson Group, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 444,000 Cost of Goods Sold 205,400 Gross Profit 238,600 Operating Expenses Salaries Expense $ 76,700 Depreciation Expense-Plant Assets 15,500 49.100 Other Operating Expenses 141,300 Total Operating Expenses Operating Income 97.300 Other Income and (Expenses) Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets 12,900 $ 41,900 97,000 15,700 43,100 93,400 Land Plant Assets 39,600 120,330 (19,330) an in 14,000 111,730 (17.930) c anan Is Recei Accumulated Depreciation-Plant Assets andise in Print Done Print Done from any Question: 1 pt 4 of 4 (3 complete) i Data Table - X Data Table 2018 compar (Click the ico Total Assets $ 292,400 $ 260,000 pare the spreg s $14,100. The ion of Liabilities Operating Expenses: Salaries Expense Depreciation Expense Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses) 76,700 15,500 49,100 Current Liabilities: Accounts Payable Accrued Liabilities se the transacti oth Panel A and 26,800 heck yo 25,300 $ 24.400 141,300 22,500 97.300 Long-term Liabilities: 45,000 62,000 Notes Payable Total Liabilities Interest Revenue 94.700 111,300 11.800 (24.600) Interest Expense Stockholders' Equity (12.800) Common Stock no par Total Other Income and (Expenses) Net Income Before Income Taxes Retained Earnings Cash Accounts Recei Merchandise in 137,600 60,100 197.700 292,400 $ 84,500 16 300 68,200 128,700 20,000 148,700 260,000 Income Tax Expense Total Stockholders' Equity Net Income Total Liabilities and Stockholders' Equity Land Print Done Choose from any The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 E: (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for 50. The cost and accumulated depreciation of the disposed asse was $14,100. 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. Use the transaction references in Panel B when selecting the transaction references in Panel A (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed) Atkinson Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Balance Transaction Analysis Panel A-Balance Sheet: 12/31/2017 DEBIT CREDIT Cash 15,700 Accounts Receivable 43.100 Merchandise Inventory 93.400 Land 14.000 Balance 12/31/2018 12 900 41.900 97.000 39.600 Choose from any list or enter any number in the input fields and then continue to the next question 9:43 PM The 2018 comparative balance sheet and income statement of Atkinson Group, Inc follow. Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet) ! (Click the icon to view the income statement) Prepare the spreadsheet for the 2018 statement of cash flows. Formal cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $14,100. 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. Plant Assets 111.730 (17,930) 260,000 120,330 (19,330) Accumulated Depreciation Plant Assets Total Assets 292,400 Accounts Payable Accrued Liabilities 26.800 22.500 62.000 25,300 24.400 45.000 Notes Payable Total Liabilities 111,300 94,700 Common Stock Retained Eamnings 128.700 20.000 137600 60 100 Choose from any list or enter any number in the input fields and then continue to the next question * NI WO ill 1 122/2020 The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 B (Click the icon to view the comparative balance sheet) !! (Click the icon to view the income statement) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and a was $14,100. 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. Retained Earnings 20,000 60,100 $ 260,000 $ 292,400 Total Liabilities and Stockholders' Equity Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (b) Choose from any list or enter any number in the input fields and then continue to the next question e D A @ @ @ NEW The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet) ! Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for 50. The cost and accumul was $14,100. 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 Activities Cash Flows from Investing Activities: Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Used for Financing Activities Choose from any list or enter any number in the input fields and then continue to the next question The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018, (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for 50. The cost and accumulated depreciation of th was $14,100. 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. Tetasi USU TO wiveswig CUVES Cash Flows from Financing Activities Net Cash Used for Financing Activities Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Total Choose from any list or enter any number in the input fields and then continue to the next question e to @ NBP The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $14100 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. Use the transaction references in Panel B when selecting the transaction references in Panel A (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero Do not check your answer until both Panel A and Panel B have been compleled.) Atkinson Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Balance Transaction Analysis Balance 12/31/2018 Panel A Balance Sheet: 12/31/2017 DEBI CREDIT Cash Accounts Receivable Merchandise Inventory 15700 43.100 12.900 41.900 97000 39 600 93.400 14.000 Land Choose from any list of enter any number in the input fields and then continue to the next question 241 PM en: 1 pt 4 of 4 (3 complete) This Tes X B Data Table - Data Table mpal ico tion of the Spre The Atkinson Group, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 heck your a sacti A and Assets Atkinson Group, Inc. Income Statement Year Ended December 31, 2018 Net Sales Revenue $ 444,000 Cost of Goods Sold 205,400 Gross Profit 238,600 Operating Expenses Salaries Expense $ 76,700 Depreciation Expense-Plant Assets 15,500 49.100 Other Operating Expenses 141,300 Total Operating Expenses Operating Income 97.300 Other Income and (Expenses) Current Assets Cash Accounts Receivable Merchandise Inventory Long-term Assets 12,900 $ 41,900 97,000 15,700 43,100 93,400 Land Plant Assets 39,600 120,330 (19,330) an in 14,000 111,730 (17.930) c anan Is Recei Accumulated Depreciation-Plant Assets andise in Print Done Print Done from any Question: 1 pt 4 of 4 (3 complete) i Data Table - X Data Table 2018 compar (Click the ico Total Assets $ 292,400 $ 260,000 pare the spreg s $14,100. The ion of Liabilities Operating Expenses: Salaries Expense Depreciation Expense Plant Assets Other Operating Expenses Total Operating Expenses Operating Income Other Income and (Expenses) 76,700 15,500 49,100 Current Liabilities: Accounts Payable Accrued Liabilities se the transacti oth Panel A and 26,800 heck yo 25,300 $ 24.400 141,300 22,500 97.300 Long-term Liabilities: 45,000 62,000 Notes Payable Total Liabilities Interest Revenue 94.700 111,300 11.800 (24.600) Interest Expense Stockholders' Equity (12.800) Common Stock no par Total Other Income and (Expenses) Net Income Before Income Taxes Retained Earnings Cash Accounts Recei Merchandise in 137,600 60,100 197.700 292,400 $ 84,500 16 300 68,200 128,700 20,000 148,700 260,000 Income Tax Expense Total Stockholders' Equity Net Income Total Liabilities and Stockholders' Equity Land Print Done Choose from any The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 E: (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for 50. The cost and accumulated depreciation of the disposed asse was $14,100. 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. Use the transaction references in Panel B when selecting the transaction references in Panel A (If a box is not used in the spreadsheet, leave the box empty, do not select a label or enter a zero. Do not check your answer until both Panel A and Panel B have been completed) Atkinson Group, Inc. Spreadsheet for Statement of Cash Flows Year Ended December 31, 2018 Balance Transaction Analysis Panel A-Balance Sheet: 12/31/2017 DEBIT CREDIT Cash 15,700 Accounts Receivable 43.100 Merchandise Inventory 93.400 Land 14.000 Balance 12/31/2018 12 900 41.900 97.000 39.600 Choose from any list or enter any number in the input fields and then continue to the next question 9:43 PM The 2018 comparative balance sheet and income statement of Atkinson Group, Inc follow. Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet) ! (Click the icon to view the income statement) Prepare the spreadsheet for the 2018 statement of cash flows. Formal cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and accumulated depreciation of the disposed asset was $14,100. 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. Plant Assets 111.730 (17,930) 260,000 120,330 (19,330) Accumulated Depreciation Plant Assets Total Assets 292,400 Accounts Payable Accrued Liabilities 26.800 22.500 62.000 25,300 24.400 45.000 Notes Payable Total Liabilities 111,300 94,700 Common Stock Retained Eamnings 128.700 20.000 137600 60 100 Choose from any list or enter any number in the input fields and then continue to the next question * NI WO ill 1 122/2020 The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 B (Click the icon to view the comparative balance sheet) !! (Click the icon to view the income statement) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for $0. The cost and a was $14,100. 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. Retained Earnings 20,000 60,100 $ 260,000 $ 292,400 Total Liabilities and Stockholders' Equity Panel B-Statement of Cash Flows: Cash Flows from Operating Activities: a) Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: (b) Choose from any list or enter any number in the input fields and then continue to the next question e D A @ @ @ NEW The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018 (Click the icon to view the comparative balance sheet) ! Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for 50. The cost and accumul was $14,100. 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 Activities Cash Flows from Investing Activities: Net Cash Used for Investing Activities Cash Flows from Financing Activities: Net Cash Used for Financing Activities Choose from any list or enter any number in the input fields and then continue to the next question The 2018 comparative balance sheet and income statement of Atkinson Group, Inc. follow. Atkinson disposed of a plant asset at book value during 2018, (Click the icon to view the comparative balance sheet) (Click the icon to view the income statement.) Prepare the spreadsheet for the 2018 statement of cash flows. Format cash flows from operating activities by the indirect method. A plant asset was disposed of for 50. The cost and accumulated depreciation of th was $14,100. 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. Tetasi USU TO wiveswig CUVES Cash Flows from Financing Activities Net Cash Used for Financing Activities Non-cash Investing and Financing Activities: Total Non-cash Investing and Financing Activities Total Choose from any list or enter any number in the input fields and then continue to the next question e to @ NBP