PLEASE SHOW APPRIPRAITE FORMULA THAT NEEDS TO BE INSERTEDCOMPLETE THE STATEMENT OF CASHFLOWS(INDERECT METHOD) BY REFEREING TO THE TWO IMAGES PRESENTED BCEFGH1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow2 and complete the statement of cash flows.34INNOVATION ELECTRONICS, INC.5Income StatementFor the Year Ended December 31, 20X27Net sales$ 2,430,0008Gain on sale of land6,50010Total revenues2,436,5001112 Еxpenses:$ 1,565,000Cost of goods soldOperating expensesDepreciation expenseInterest expense1314598,0001516,0001617,00017Income tax expense63,0001819Total expenses2,259,0002021Net income$177,50022232425Income StatementBalance SheetCash Flow ClipboardFont20X220X1StylesA1feNote: To complete the assignment, go to the worksheet tab labeled Cash FlowAВEFGCash$184,420 | $25,74083,00010Accounts receivable68,700134,5002,98011128,000InventoryPrepaid insurance14 Long-term assets:12134,560211,000120,000255,000203,00015Investments208,500203,000(117,500)16LandEquipmentAccumulated depreciation1718(101,500)1920Total assets$895,600 | $717,8002122Liabilities and Stockholders' EquityCurrent liabilities:Accounts payableInterest payableIncome tax payable28 Long-term liabilities:Notes payableStockholders' equity:232426,500 | $3,40030,20081,0002,30032,50025262729255,000242,00030273,000307,500230,000130,00031Common stock32Retained earnings3334Total liabilities and stockholders' equity$4895,600 | $717,800|Income StatementBalance SheetCash Flow

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Description: PLEASE SHOW APPRIPRAITE FORMULA THAT NEEDS TO BE INSERTEDCOMPLETE THE STATEMENT OF CASHFLOWS(INDERECT METHOD) BY REFEREING TO THE TWO IMAGES PRESENTED BCEFGH1 Note: To complete the assignment, go to the worksheet tab labeled Cash Flow2 and complete t

Cash Flow Statement is summary of cash receipts and cash payments for the period. There are three…

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PLEASE SHOW APPRIPRAITE FORMULA THAT NEEDS TO BE INSERTED COMPLETE THE STATEMENT OF CASHFLOWS(INDERECT METHOD) BY REFEREING TO THE TWO IMAGES PRESENTED

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter11: The Statement Of Cash Flows

Section: Chapter Questions

Problem 13MCQ

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O A https://prod.reader-ui.prod.mheducation.com/epub/sn_710f1/data-uuid-be8dbaUcb8ea w -> Aa く > 三 P20-2 Cash flow statement under indirect method (L LO 20-1, L LO 20-2, LO 20-3, E LO 20-4) The Barden Corporation's comparative balance sheets for 20X1 and 20X0 are presented below. Barden Corporation Table Summary: Row 1 is a header and spans columns 2 and 3. Rows 3, 12, and 17 are subheaders and contain data only in column 1. Balance Sheets December 31, Increase (Decrease) Assets Cash $ 337,000 $246,000 Accounts receivable, net 420,000 280,000 140,000 Marketable securities 0000 -0- Inventories Land 650,000 250,000 Plant and equipment 1,160,000 1,266,000 (106,000) Less: Accumulated depreciation (200,000) Total assets $2,922,000 $2,432,000 $ 490,000 Liabilities and Stockholders' Equity Liabilities: Accounts payable 000 099 $ $ 500,000 $160,000 Accrued wages 520,000 Long-term bonds (due 7/1/20X8) 260,000 360,000 Total liabilities 1,460,000 1,380,000 80,000 Stockholders' equity: Common…
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