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The Bunker Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: :
The Bunker Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: : (Click the icon to view the comparative balance sheet.) F: (Click the icon to view the income statement.) (Click the icon to view the additional data.) Prepare Bunker Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Data Table Complete the statement one section at a time, beginning with the cash flows from operating activities. Bunker Corporation Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Bunker Corporation Income Statement Year Ended December 31, 2018 Net Income Net Sales Revenue $ 662,000 Adjustments to Reconcile Net Income to Net Cash Provided (Used for) by Operating Activities: Cost of Goods Sold 500,000 Gross Profit 162,000 Operating Expenses: Salaries and Wages Expense Depreciation ExpensePlant Assets $ 45,000 15,000 9,000 Rent Expense 69,000 93,000 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Total Operating Expenses Operating Income Other Income and (Expenses): Loss on Disposal of Plant Assets Total Other Income and (Expenses) Net Income Before Income Taxes (1,000) (1,000) 92,000 15,000 Income Tax Expense $ 77,000 Net Income Net Cash Provided by (Used for) Investing Activities Choose from any list or enter any number in the input fields and then continue to the next question. Print Done The Bunker Corporation reported the following income statement for 2018 and comparative balance sheet for 2018 and 2017, along with transaction data for 2018: 5 Click the icon to view the comparative balance sheet.) 5 Click the icon to view the income statement.) E: (Click the icon to view the additional data.) Prepare Bunker Corporation's statement of cash flows for the year ended December 31, 2018. Format cash flows from operating activities by the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: . x Data Table $ 130,000 15,000 Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: 10,000 Transaction data for 2018 Cash paid for purchase of equipment Cash payment of dividends Issuance of common stock to retire bonds payable Issuance of bonds payable to borrow cash Cash receipt from issuance of common stock Cash receipt from sale of equipment (Cost, $88,000; Accumulated Depreciation, $12,000) Cash paid for purchase of treasury stock 41,000 22,000 7 75,000 9,000 Print Done Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2017 Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: IN Total Non-cash Investing and Financing Activities Choose from any list or enter any number in the input fields and then continue to the next question. Bunker Corporation Comparative Balance Sheet December 31, 2018 and 2017 Increase (Decrease) 2018 2017 Assets Current Assets: Cash Accounts Receivable Merchandise Inventory Long-term Assets Plant Assets 94,000 $ 16,000 45,000 8,000 $ 26,000 35,000 86,000 (10,000) 10,000 135,700 (23,700) 267,000 $ 93,700 (20,700) 42,000 (3,000) Accumulated DepreciationPlant Assets $ 142,000 $ 125,000 Total Assets Liabilities $ 31,000 $ Current Liabilities: Accounts Payable Accrued Liabilities Income Tax Payable Long-term Liabilities: Bonds Payable Total Liabilities 44,000 $ 10,000 4,000 13,000 (4,000) 14,000 4,000 83,000 52,000 31,000 141,000 101,000 40,000 94,000 $ 8,000 $ 26,000 16,000 86,000 (10,000) 10,000 45,000 35,000 Cash Accounts Receivable Merchandise Inventory Long-term Assets: Plant Assets Accumulated DepreciationPlant Assets Total Assets 135,700 (23,700) 267,000 $ 93,700 (20,700) 142,000 $ 42,000 (3,000) $ 125,000 Liabilities 44,000 $ 31,000 $ 13,000 (4,000) 10,000 Current Liabilities: Accounts Payable Accrued Liabilities Income Tax Payable Long-term Liabilities: Bonds Payable Total Liabilities 14,000 4,000 4,000 0 83,000 52,000 31,000 141,000 101,000 40,000 32,000 Stockholders' Equity Common Stock, no par 51,000 Retained Earnings 92,000 (17,000) Treasury Stock 126,000 Total Stockholders' Equity 267,000 $ Total Liabilities and Stockholders' Equity 19,000 30,000 (8,000) 62,000 (9,000) 41,000 85,000 $ 142,000 $ 125,000 The Bunker Corporation reported the following income statement for 2018 and comparative balance shee (Click the icon to view the comparative balance sheet.) (Click the icon to view the income (Click the icon to view the additional data.) Prepare Bunker Corporation's statement of cash flows for the year ended December 31, 2018. Format ca result in a decrease in cash. If a box is not used in the statement, leave the box empty: do not select a la Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Payment for Purchase of Treasury Stock Cash Payment of Dividends Cash Receipt from Disposal of Plant Assets Cash Receipt from Issuance of Bonds Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Sale of Treasury Stock Decrease in Accounts Receivable Decrease in Accrued Liabilities Depreciation ExpensePlant Assets Increase in Accounts Payable Increase in Merchandise Inventory Issuance of Common Stock to Retire Bonds Payable Loss on Disposal of Plant Assets Cash Balance, December 31, 2018 Non-cash Investing and Financing Activities: Choose from any list or enter any number in the input fields and then continue to the next
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