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trainer exercise equipment inc. reported the following financial statements for 2018: Data Table Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of
trainer exercise equipment inc. reported the following financial statements for 2018:
Data Table Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: $ 710,000 340,000 370,000 Depreciation Expense Other Operating Expenses Total Operating Expenses $53,000 200,000 253,000 Net Income $ 117,000 Print Done Data Table Current Assets: Cash Accounts Receivable Merchandise Inventory $ 21,000 $ 18,000 52,000 86,000 55,000 82,000 Long-term Assets: Plant Assets Accumulated Depreciation- Plant Assets Investments 224,900 (42,700) (38,900) 71,000 $475,000 $ 413,000 266,700 93,000 Total Assets Liabilities Cueront Linbilitinn Print Done Data Table Current Liabilities: Accounts Payable Salaries Payable $73,000 $ 72,000 5,000 8,000 Long-term Liabilities: Notes Payable 63,000 68,000 Total Liabilities 141,000 148,000 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 36,000 291,000 229,000 265,000 475,000 $ 413,000 43,000 334,000 Tainl11nhlikian.nnd.. &nnLhnl^"LEnulhL Print Done Trainer Exercise Equipment, Inc. reported the following financial statements for 2018 EEE (Click the icon to view the income statement.) Prepare the company's statement of cash flows-indirect method-for the year ended December 31, 2018 Assume investments are purchased with cash. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the staternent, leave the bax empty, do not select a label or enter a zero.) Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Anawer Clear All Check Answer Data Table Income Statement Year Ended December 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: $ 710,000 340,000 370,000 Depreciation Expense Other Operating Expenses Total Operating Expenses $53,000 200,000 253,000 Net Income $ 117,000 Print Done Data Table Current Assets: Cash Accounts Receivable Merchandise Inventory $ 21,000 $ 18,000 52,000 86,000 55,000 82,000 Long-term Assets: Plant Assets Accumulated Depreciation- Plant Assets Investments 224,900 (42,700) (38,900) 71,000 $475,000 $ 413,000 266,700 93,000 Total Assets Liabilities Cueront Linbilitinn Print Done Data Table Current Liabilities: Accounts Payable Salaries Payable $73,000 $ 72,000 5,000 8,000 Long-term Liabilities: Notes Payable 63,000 68,000 Total Liabilities 141,000 148,000 Stockholders' Equity Common Stock, no par Retained Earnings Total Stockholders' Equity 36,000 291,000 229,000 265,000 475,000 $ 413,000 43,000 334,000 Tainl11nhlikian.nnd.. &nnLhnl^"LEnulhL Print Done Trainer Exercise Equipment, Inc. reported the following financial statements for 2018 EEE (Click the icon to view the income statement.) Prepare the company's statement of cash flows-indirect method-for the year ended December 31, 2018 Assume investments are purchased with cash. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the staternent, leave the bax empty, do not select a label or enter a zero.) Click the icon to view the comparative balance sheet.) (Click the icon to view additional information.) Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Anawer Clear All Check Step by Step Solution
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