THERES 3 PARTS

Homework: Chapter 14 Homework Score: 0 of 2 pts 3 of 3 (1 complete) E14-24 (similar to) Prepare the compar minus sign or paren zero.) x Data Table Masterson Exercise Equipment, Inc. reported the following financial statements for 2018: (Click the icon to view the income statement.) (Click the icon to view the comparative balance sheet.) A (Click the icon to view additional information.) Investments are e box empty; d Assets Complete the statement one section at a time, beginning with the cash flows from operating activities. Current Assets - X More Info Cash $ 21,000 $ 15,000 Accounts Receivable 50,000 47,000 86,000 91,000 Masterson Exercise Equipment, Inc. Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Masterson calculated the following amounts for 2018: Acquisition value of plant assets, $97,000. Payment of dividends, $65,000 Payment of long-term notes payable, $6,000. Cash receipt from issuance of common stock, $11,000 Merchandise Inventory Long-term Assets Plant Assets Accumulated DepreciationPlant Assets 260,200 212,400 (35,200) 92,000 (33,400) 71,000 Investments Masterson Exercise disposed of plant assets at book value. The cost and accumulated depreciation of the disposed asset was $49,200. No cash was received upon disposal. 474,000 $ 403,000 Total Assets Liabilities X Data Table Current Liabilities: $ 75,000 $ 70,000 Accounts Payable Salaries Payable Long-term Liabilities 1,500 6,500 Masterson Exercise Equipment, Inc. Income Statement Year Ended December 31, 2018 Notes Payable 62,000 68,000 Net Cash Provided by (Used for) Operating Activities Total Liabilities 138,500 144.500 Net Sales Revenue $ 716,000 349,000 Stockholders' Equity Cost of Goods Sold Common Stock, no par 35,000 46,000 289.500 Gross Profit 367,000 Retained Earnings 223,500 Total Stockholders' Equity 335,500 258,500 Operating Expenses: Depreciation Expense S 474,000 $ 403,000 51,000 185,000 Total Liabilities and Stockholders' Equity Choose from any list or enter any number in the input fields and then click Check Answer. Other Operating Expenses Total Operating Expenses 236,000 Print Done parts S 131,000 Net Income remaining