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Use the following income statement and balance sheet Information to put together a statement of cash flows. Sales Cost of goods sold Gross profit Gen'l
Use the following income statement and balance sheet Information to put together a statement of cash flows. Sales Cost of goods sold Gross profit Gen'l & admin expense Selling & mkt expense Depreciation Operating Income Interest Income before taxes Income taxes (27%) Net Income Dividends pald 2017 $1,240,000 $685,000 $555,000 $159,000 $135,000 $25,000 $236,000 $141,000 $95,000 $25,650 $69,350 $25,000 2017 $24,000 $124,000 $202,000 $350,000 $700,000 $313,000 $387,000 $737,000 2016 $12,950 $114,000 $218,000 $344,950 $475,000 $288,000 $187,000 $531,950 Assets Cash Accounts receivable Inventory Total current assets Gross plant and equipment Less: accum. depreciation Net plant and equipment Total assets Liabilities Accounts payable Notes payable Total current liabilities Long-term debt Total liabilities Common stock ($0.01 par) Pald-in capital Retained earnings Total stockholders' equity Total liabilities and equity $118,000 $27,000 $145,000 $247,000 $392,000 $4,500 $224,500 $116,000 $345,000 $737,000 $103,000 $27,000 $130,000 $152,000 $282,000 $4,000 $174,300 $71,650 $249,950 $531,950 Statement of Cash Flows 2017 >
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