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The financial statements of Barca Company are presented below: Additional information Equipment with a cost of $7,560 and a book value of $4,800 was sold
The financial statements of Barca Company are presented below: Additional information Equipment with a cost of $7,560 and a book value of $4,800 was sold for $6,840. Cash dividends were paid in 2022 . The tax rate is 36%. Required: a. Prepare the income statement for 2022. (20 marks) Explicitly show how you calculated Sales revenue, CGS, and depreciation expense. Write unu ancware in the 1/s tomnlerto b. Compute FCF using the formula FCF=NOPATNOA The financial statements of Barca Company are presented below: Additional information Equipment with a cost of $7,560 and a book value of $4,800 was sold for $6,840. Cash dividends were paid in 2022 . The tax rate is 36%. Required: a. Prepare the income statement for 2022. (20 marks) Explicitly show how you calculated Sales revenue, CGS, and depreciation expense. Write unu ancware in the 1/s tomnlerto b. Compute FCF using the formula FCF=NOPATNOA
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