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The following financial data are from 3343 Company: 2019 2018 A/R $1,200 $1,800 Unearned revenue 500 150 Prepaid wages expense 2,700 2,000 Wages payable 1,100

The following financial data are from 3343 Company:

2019

2018

A/R

$1,200

$1,800

Unearned revenue

500

150

Prepaid wages expense

2,700

2,000

Wages payable

1,100

900

A/P

800

300

Inventory

2,000

1,200

Patents

1,800

2,100

CFO (Direct) for 2019

Cash received from customers

$10,000

Cash Disbursements For:

Purchases of inventory $8,250

Wages expense 1,400

Total disbursements

9,650

CFO

$ 350

Required:

  1. Calculate (i.) Sales revenue (4 marks), and (ii.) CGS

  1. Prepare the income statement for 2019.

  1. Prepare CFO using the INDIRECT method.

2.

Given the following information for Trite Co.:

Sales $41,000

Costs 26,400

Increase in R/E 4,900

Interest expense 1,840

Dividends paid 1,220

Tax rate 40%

Calculate the depreciation expense for the period. Be careful.

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