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What other information is needed? I'm not sure what additional information you need sh Refer to the data provided in the P 21-5 for Metagrobolize
What other information is needed?
I'm not sure what additional information you need
sh Refer to the data provided in the P 21-5 for Metagrobolize Industries. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. Stor 2021 and 2020 and a statement of income for 2021 are given below to Industries. Additional information from the accounting records of Metagrobolize also METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation 375 450 525 600 $ 580 600 900 675 900 (300) 2,850 (525) 1,200 900 Patent (270) 2,250 (480) 1,500 $5,850 $6,880 Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings $ 750 300 130 $ 450 225 O 3,150 750 1,800 $6,880 3,000 675 1,500 $5,850 90 $2,735 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $2,645 Gain on sale of land Expenses 600 Cost of goods sold Depreciation expense-building 315 Depreciation expense-equipment 15 Loss on sale of equipment 300 Amortization of patent 500 Operating expenses Net income 30 18 3*****] 1,760 $ 975 sh Refer to the data provided in the P 21-5 for Metagrobolize Industries. Required: Prepare the statement of cash flows for Metagrobolize Industries using the indirect method. Stor 2021 and 2020 and a statement of income for 2021 are given below to Industries. Additional information from the accounting records of Metagrobolize also METAGROBOLIZE INDUSTRIES Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 2020 Assets Cash Accounts receivable Inventory Land Building Less: Accumulated depreciation Equipment Less: Accumulated depreciation 375 450 525 600 $ 580 600 900 675 900 (300) 2,850 (525) 1,200 900 Patent (270) 2,250 (480) 1,500 $5,850 $6,880 Liabilities Accounts payable Accrued liabilities Lease liability-land Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings $ 750 300 130 $ 450 225 O 3,150 750 1,800 $6,880 3,000 675 1,500 $5,850 90 $2,735 METAGROBOLIZE INDUSTRIES Income Statement For the Year Ended December 31, 2021 ($ in thousands) Revenues Sales revenue $2,645 Gain on sale of land Expenses 600 Cost of goods sold Depreciation expense-building 315 Depreciation expense-equipment 15 Loss on sale of equipment 300 Amortization of patent 500 Operating expenses Net income 30 18 3*****] 1,760 $ 975Step by Step Solution
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