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The data tables are the first two pictures thank you. 2013 1.com/Student/Playerlest.aspx?testid=151096177 Shemen Company Compers Rolene Shots December 31, 2014 2013 Avete 2014 Current annet
The data tables are the first two pictures thank you.
2013 1.com/Student/Playerlest.aspx?testid=151096177 Shemen Company Compers Rolene Shots December 31, 2014 2013 Avete 2014 Current annet Cash 509,000 $ Actes recalvable 73,000 Inventory 900,000 Prepaid Insurance 4,800 Total current assets $ 1,626,800 $ 484.000 17.000 200.000 4.800 685,800 Property, plant, and equipment Less: Accumulated depreciation $ 1,230,000 $ 1,180,000 (286,000) (209.000) 42.000 62,000 Investments Total assets $ 2,612,800 $ 1.718,800 Liabilities $ 21,000 $ 44,000 19,000 17.000 Current liabilities: Accounts payable Wages payable Interest payable Income taxes payable Other accrued expenses payable Total current liabilities 5,300 2.700 275,080 38.000 14.000 21,000 336,780 $ 120,300 Long-term fiabilities 65.000 80.000 Total liabilities $ 401 780 $ 200.300 Stockholders' equity Common stock 21.000 8 1.490,00 178,000 740.500 Retained earnings Total stockholders equity 201020118.500 Total abilities and equity S BOO S8 800 MIHI HIMU 2000 142020 Date Table Sherman Company Income Statement For The Year Ended December 31, 2014 Sales revenues $ 4,750,000 2,880,000 1,870,000 $ 320,000 12.000 Less: Cost of goods sold Gross profit Less operating expenses: Salaries and wages expense Insurance expense Depreciation expense Other operating expenses Total operating expenses Operating income Plus other income and less other expenses Interest expense 77,000 120.000 529,000 1,34 1,000 6 100 Other income and expenses Total other income and expenses 6.100 Income before income taxes S Less Income tax expense 403.000 Nel income 1931900 Sherman Company reported the following financial statements for 2013 and 2014 (Click the icon to view the income statement.) E (Click the icon to view the comparative balance sheet.) Compute the following investing cash flows: a. Purchases of plant assets (all were for cash). There were no sales of plant assets. b. Proceeds from the sale of investments. There were no purchases of investments. a. Compute the investing cash flows from purchases of plant assets (all were for cash). There were no sales of plant assets. First enter the formula, and then compute the purchases of plant assets (all were for cash). (For amounts with a $0 balance, make sure to enter "O" in the appropriate cell.) Purchases of plant assets b. Compute the investing cash flows from the proceeds from the sale of investments. There were no purchases of investments. First enter the formula, and then compute the proceeds from the sale of investments (For amounts with a $0 balance, make sure to enter "0" in the appropriate cell.) Proceeds from sale of investments V = hoose from any list or enter any number in the input fields and then continue to the next question Save for Later Sherman Company reported the following financial state BE (Click the icon to view the income statement.) Compute the following investing cash flows: a. Purchases of plant assets (all were for cash). There w b. Proceeds from the sale of investments. There were n a. Compute the investing cash flows from purchases of First enter the formula, and then compute the purchases Depreciation expense b. Ending balance s from the proceeds fro First enter the formula, and then compute the proceeds fra Choose from any list or enter any number in the input files Save for Later Type here to search w the income statement) (Click the icon to view the comparal vesting cash flows: sets (all were for cash). There were no sales of plant assets. le of investments. There were no purchases of investments. cash flows from purchases of plant assets (all were for cash). The and then compute the purchases of plant assets (all were for cash). + + Accumulated depreciation ng cash flows from Assets sold and then compute Beginning balance estments. There w estments. (For amo + or enter any number in the input fields and then continue to the next here to search w the comparative balance sheet.) nt assets estments Te for cash). There were no sales of plant assets. I were for cash). (For amounts with a $0 balance, make sur Purchases of ]. ] - plant assets Accumulated depreciation vestr Assets sold vestr Beginning balance of investments. ance, make sure to ent Proceeds from sale of investments 11 1 continue to the nextStep by Step Solution
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