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What are the operating cash flows for abshire company for the year ended 12/31/2020 You are given the following financial statement information for Abshire Company:
What are the operating cash flows for abshire company for the year ended 12/31/2020
You are given the following financial statement information for Abshire Company: Balance Sheet Cash 12/31/2020 12/31/2019 103,000 61,000 Accounts Receivable Inventory 22,200 26,000 13,500 16,000 Prepaid Expenses 2,300 3,800 Total Current Assets 141,000 106,800 Property and Equipment, net 158,000 128,000 TOTAL ASSETS 299,000 234,800 Wages Payable Bonds Payable TOTAL LIABILITIES Net income for 12/31/2020 is $18,300 68,000 62,100 150,000 75,000 218,000 137,100 There were no disposals of PP&E during the period. The accumulated depreciation balance was $77,500 and $90,500 at the end of 2019 and 2020, respectively
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