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The income statement and a partial balance sheet of Hart Alloy Company for the year ended December 31, 2018 is presented below Hart Alloy Company
The income statement and a partial balance sheet of Hart Alloy Company for the year ended December 31, 2018 is presented below Hart Alloy Company Income Statement For the Year Ended December 31, 2018 $1,500,000 1.170.000 $330,000 Sales Revenues Cost of Goods Sold Gross Profit Operating Expenses: Salaries Expense Depreciation Expense Miscellaneous Expenses $210.000 60.000 30.000 300.000 $30.000 Net Income Hart Alloy Company Partial Balance Sheet December 31, 2018 and 2017 2018 2017 Ann $330.000 $210,000 Gross Pront Operating Expenses: Salaries Expense Depreciation Expense Miscellaneous Expenses Net Income 60,000 30.000 300.000 $30.000 Hart Alloy Company Partial Balance Sheet December 31, 2018 and 2017 2018 2017 $195,000 150,000 258,000 Cash $240,000 Accounts Receivable (net) 150,000 Inventories 306,000 Accrued Liabilities 13,500 Accounts Payable (Merchandise Inventory) 174,000 Salaries Payable 22.500 15,000 153,000 18.000 Find: A) Collection from customers=? B) Payment to employees=
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