Use the following information reported in the 12/31/22 financial statements for Coach Beard to create a...
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Use the following information reported in the 12/31/22 financial statements for Coach Beard to create a COMPLETE statement of cash flows for the company as of 12/31/2022. Include appropriate labels/totals for each section/line. All lines may not be necessary BALANCE SHEET 2022 2021 Cash $ 495,000 $511,000 Accounts Receivable 76,000 67,000 Inventory 41,000 51,000 Prepaid Other Operating Expenses 50,000 49,000 Land 1,043,000 1,000,000 Buildings 2,700,000 2,000,000 Equipment 383,000 500,000 (247,000) (225,000) Accumulated Depreciation Total Assets Accounts Payable Interest Payable Dividends Payable Unearned Revenue $4,541,000 $3,953,000 $ 34,000 $ 46,000 18,000 16,000 59,000 39,000 22,000 14,000 Notes Payable 448,000 477,000 Common Stock 301,000 300,000 Additional Paid-in Capital - Common Stock 2,554,000 2,500,000 Treasury Stock (115,000) (160,000) 21,000 26,000 1,199,000 695,000 Additional Paid-in Capital - Treasury Stock Retained Earnings Total Liabilities and Stockholders' Equity INCOME STATEMENT Sales Revenue Cost of Goods Sold Other Operating Expenses Depreciation Expense Income from Operations Gain on Sale of Equipment Interest Expense Income before Income Taxes Income Tax Expense Net Income $4,541,000 $3,953,000 2022 $2,440,000 (1,500,000) (95,000) (63,000) $ 782,000 4,000 (22,000) $ 764,000 (140,000) $ 624,000 Use the following information reported in the 12/31/22 financial statements for Coach Beard to create a COMPLETE statement of cash flows for the company as of 12/31/2022. Include appropriate labels/totals for each section/line. All lines may not be necessary BALANCE SHEET 2022 2021 Cash $ 495,000 $511,000 Accounts Receivable 76,000 67,000 Inventory 41,000 51,000 Prepaid Other Operating Expenses 50,000 49,000 Land 1,043,000 1,000,000 Buildings 2,700,000 2,000,000 Equipment 383,000 500,000 (247,000) (225,000) Accumulated Depreciation Total Assets Accounts Payable Interest Payable Dividends Payable Unearned Revenue $4,541,000 $3,953,000 $ 34,000 $ 46,000 18,000 16,000 59,000 39,000 22,000 14,000 Notes Payable 448,000 477,000 Common Stock 301,000 300,000 Additional Paid-in Capital - Common Stock 2,554,000 2,500,000 Treasury Stock (115,000) (160,000) 21,000 26,000 1,199,000 695,000 Additional Paid-in Capital - Treasury Stock Retained Earnings Total Liabilities and Stockholders' Equity INCOME STATEMENT Sales Revenue Cost of Goods Sold Other Operating Expenses Depreciation Expense Income from Operations Gain on Sale of Equipment Interest Expense Income before Income Taxes Income Tax Expense Net Income $4,541,000 $3,953,000 2022 $2,440,000 (1,500,000) (95,000) (63,000) $ 782,000 4,000 (22,000) $ 764,000 (140,000) $ 624,000
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