There are 19 word dropboxes and 15 number dropboxes

CES Accounting, Analysis, and Principles The income statement for the year ended December 31, 2017, for Flint Manufacturing Company contains the following condensed information. FLINT CO INCOME STATEMENT $6,583,000 Revenues Operating expenses (excluding depreciation) Depreciation expense Income before income tax $4,920,000 870,000 5,790,000 793,000 356,850 436,150 udy Income tax expense Net income Included in operating expenses is a $31,000 loss resulting from the sale of machinery for $270,000 cash. The company purchased machinery at a cost of $740,000. Flint reports the following balances on its comparative balance sheets at December 31. FLINT CO. COMPARATIVE BALANCE SHEETS (PARTIAL) 2017 2016 Cash Accounts receivable Inventony Accounts payable $663,150 $130,000 785 ,000 610,000 834,000 871,000 525,000511,000 Income tax expense of $356,850 represents the amount paid in 2017. Dividends declared and paid in 2017 totaled $210,000