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Use the following income statement and balance sheet information to put togeth preceding the number e.g. -45 or parentheses e.g. (45).) 2017 Sales Cost of

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Use the following income statement and balance sheet information to put togeth preceding the number e.g. -45 or parentheses e.g. (45).) 2017 Sales Cost of goods sold Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating income Interest Income before taxes Income taxes (27%) $1,235,000 $687,000 $548,000 $155,000 $134,000 $24,000 $235,000 $142,000 $93,000 $25,110 Net income $67,890 Dividends paid $25,000 2017 2016 Assets Cash Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation $24,000 $124,000 $200,000 $348,000 $700,000 $313,000 $14,410 $114,000 $218,000 $346,410 $475,000 $289,000 earch Assets 2017 2016 Cash $24,000 Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation Net plant and equipment Total assets $124,000 $200,000 $348,000 $700,000 $313,000 $387,000 $14,410 $114,000 $218,000 $346,410 $475,000 $289,000 $186,000 $532,410 $735,000 Liabilities Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities Common stock ($0.01 par) Paid-in capital Retained earnings Total stockholders' equity Total liabilities and equity $119,000 $29,000 $148,000 $246,000 $394,000 $4,500 $219,500 $117,000 $341,000 $735,000 $ 105,000 $29,000 $134,000 $ 151,000 $285,000 $4,000 $169,300 $74,110 $247,410 $532,410 Statement of Cash Flows 2017 2017 Cash from Operations Net Income/Loss 67890 Depreciation 24000 Increase in Accounts Receivable (10,000) > Decrease in Inventories 18000 Increase in Accounts Payable 14000 Cash from Operations- 113890 Cash from Operations Purchase of Fixed Assets (225,000) X X Cash from Operations (111,110) Cash from Investment Cash from Operations 113890 Cash from Operations Purchase of Fixed Assets (225,000) X Cash from Operations (111,110) Cash from Investment Issuance of Long-term debt 95000 x Issuance of Common Stock 500 Dividends Pald (25000) Cash from Financing (-40610) Net Change in Cash earch

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