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The chief accountant for Microsoft provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for
The chief accountant for Microsoft provides you with the company's most recent income statement and comparative balance sheets below. The accountant has asked for your help in preparing part of the company's 2024 statement of cash flows. 2024 Income Statement ($ in thousands) Sales revenue $ 5,510 Depreciation expense $ 450 Selling & administrative expense 3,890 4,340 Income before taxes 1,170 Income tax expense Net income 351 $ 819 Balance Sheet (all $ in thousands) Cash Accounts receivable Property, plant & equipment 12/31/202412/31/2023 $ 786 436 2,750 $ 743 358 1,415
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