use direct method

Intermediate Accounting Text 3 Cash Flows Problem 46 Sarah LLC's balance sheets for Years A and B carried the following items: Debits FYB FYA Cash Accounts receivable Merchandise inventory Equipment Totals $71.900 25.900 233.800 140,600 $472.200 $42.400 31,000 186,500 102.000 $361,900 Credits Accumulated depreciation, equipment Accounts payable Income taxes payable Common stock, S10 par value Contributed capital in excess of par value, common stock Retained earnings Totals $ 64,400 51.300 6,000 220,000 $ 40.800 47,500 9,000 200,000 56,000 74,500 $472 200 20,000 44,600 $361,900 e2. The only Taxe Payable An examination of the company's activities during FY B, including the income statement, shows the following: al. Sales (all on credit) $813.000. 22. The only decreases in Accounts Receivable were receipts from customers bl. Cost of goods sold $372,000 b2. Purchases of merchandise were on credit. b3. Debits to Accounts Payable during the period resulted from payments for merchandise Depreciation expense $23,600. d. Other operating expenses that were paid with cash $239,700. el. Income taxes expense 59,800 - Thanasinhwan Dahlemanninn decreuses in Income lable were of tales payments t Net income $ 117, 900 Intermediate Accounting Text 3 Cash Flows Problem 46 Sarah LLC's balance sheets for Years A and B carried the following items: Debits FYB FYA Cash Accounts receivable Merchandise inventory Equipment Totals $71.900 25.900 233.800 140,600 $472.200 $42.400 31,000 186,500 102.000 $361,900 Credits Accumulated depreciation, equipment Accounts payable Income taxes payable Common stock, S10 par value Contributed capital in excess of par value, common stock Retained earnings Totals $ 64,400 51.300 6,000 220,000 $ 40.800 47,500 9,000 200,000 56,000 74,500 $472 200 20,000 44,600 $361,900 e2. The only Taxe Payable An examination of the company's activities during FY B, including the income statement, shows the following: al. Sales (all on credit) $813.000. 22. The only decreases in Accounts Receivable were receipts from customers bl. Cost of goods sold $372,000 b2. Purchases of merchandise were on credit. b3. Debits to Accounts Payable during the period resulted from payments for merchandise Depreciation expense $23,600. d. Other operating expenses that were paid with cash $239,700. el. Income taxes expense 59,800 - Thanasinhwan Dahlemanninn decreuses in Income lable were of tales payments t Net income $ 117, 900