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The balance sheet and income statement for Vispara Company are presented below. Vispara Company Balance Sheet As at December 3 1 2 0 2 3
The balance sheet and income statement for Vispara Company are presented below.
Vispara Company
Balance Sheet
As at December
Assets
Current Assets
Cash $ $
Accounts Receivable $ $
Merchandise Inventory $ $
Total Current Assets $ $
Land $ $
Equipment $ $
Less: Accumulated Depreciation $ $
Total Assets $ $
Liabilities and Equity
Liabilities
Current Liabilities
Accounts Payable $ $
Taxes Payable $ $
Total Current Liabilities $ $
Bonds Payable $ $
Total Liabilities $ $
Shareholders' Equity
Common Shares $ $
Retained Earnings $ $
Total Shareholders' Equity $ $
Total Liabilities and Equity $ $
Notes: The company paid cash dividends during
The company did not make a bonds payable payment during
The company did not purchase any equipment during
The company did not purchase any land during
Vispara Company
Income Statement
For the Year Ended December
Sales $
Cost of Goods Sold $
Gross Profit $
Operating Expenses
Depreciation Expense $
Other Operating Expenses $
Total Operating Expenses $
Income from Operations $
Other Income and Expenses
Interest Expense $
Loss on Sale of Equipment $
Gain on Sale of Land $
Operating Income before Tax $
Income Tax $
Net Income Loss $
Prepare the statement of cash flows for December using the indirect method.
Do not enter dollar signs or commas in the input boxes.
Use the negative sign for a decrease in cash.
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