{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-25T15:10:03-04:00", "answer_date": "2024-05-25 15:10:03", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1693743", "url": "\/study-help\/questions\/the-following-income-statement-and-additional-yearend-information-is-provided-1693743", "question_creation_date_js": "2024-05-25T15:10:03-04:00", "question_creation_date": "May 25, 2024 03:10 PM", "meta_title": "[Solved] The following income statement and additi | SolutionInn", "meta_description": "Answer of - The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Yea | SolutionInn", "meta_keywords": "income,statement,additional,year-end,information,provided,sonad,company,year,ended,december,31", "question_title_h1": " The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold", "question_title": " The following income statement and additional year-end information is provided. SONAD", "question_title_for_js_snippet": "The following income statement and additional year end information is provided SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold $ 2,370,000 1,161,300 Gross profit Operating expenses Salaries expense Depreciation expense Rent expense Amortization expenses Patents Utilities expense Gain on sale of equipment $ 324,690 1,208,700 56,880 63,990 7,110 26,070 478, 740 729,960 9,480 $ 739,440 Net income Accounts receivable Inventory $ 22, 350 increase Accounts payable 13,575 increase Salaries payable $ 11,800 decrease 4,700 decrease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to be deducted should be indicated with a minus sign ) ease Prepare the operating activities section of the statement of cash flows using the direct method (Amounts to indicated with a minus sign ) Statement of Cash Flows (Partial) Cash flows from operating activities", "question_description": "\"image\"image", "transcribed_text": "The following income statement and additional year-end information is provided. SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold $ 2,370,000 1,161,300 Gross profit Operating expenses Salaries expense Depreciation expense. Rent expense Amortization expenses-Patents. Utilities expense Gain on sale of equipment $ 324,690 1,208,700 56,880 63,990 7,110 26,070 478, 740 729,960 9,480 $ 739,440 Net income Accounts receivable Inventory $ 22, 350 increase Accounts payable. 13,575 increase Salaries payable $ 11,800 decrease 4,700 decrease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to be deducted should be indicated with a minus sign.) ease Prepare the operating activities section of the statement of cash flows using the direct method. (Amounts to indicated with a minus sign.) Statement of Cash Flows (Partial) Cash flows from operating activities", "related_book": { "title": "Accounting What the Numbers Mean", "isbn": "9780077515904, 007802529X, 77515900, 978-0078025297", "edition": "10th edition", "authors": "David H. Marshall, Wayne W. McManus, Daniel F. Viele", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/262.jpg", "uri": "\/textbooks\/accounting-what-the-numbers-mean-10th-edition-262", "see_more_uri": "" }, "free_related_book": { "isbn": "3662568659", "uri": "\/textbooks\/finance-for-food-towards-new-agricultural-and-rural-finance-1st-edition-9783662568651", "name": "Finance For Food Towards New Agricultural And Rural Finance", "edition": "1st Edition" }, "question_posted": "2024-05-25 15:10:03", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-21", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/infinity-beyond-inc-is-a-producer-of-hightech-fashion-513981", "description": "Infinity & Beyond, Inc. is a producer of high-tech fashion merchandise. 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