hi can you help create the income statement for this? Balance SheetIncome StatementStatement of Cash FlowsAssetsLiabNotes PayEventsEquityAcct RecInventoryBuildingАcct PayDiv PayWages PayRetain EarningsAccum Depr8,333.00 | $CashEquipmentLandCommon StockΑΡICAccount TitlesRevenueExpenseNet IncomeТуреAmountBeginning Balances as of Dec 31, Year 11.Acquired $550,000 by signing a note payable with a local bank2. Sold 25,000 shares of $22 Common Stock for $1,500,0003. Purchased Equipment for $300,0004. Purchased Inventory on Account - 25,000 Units at $1.15 per unit5a. Sold 15,000 units at $3.50 on Account17,500.00 | $ 28,000.00257,000.00 | $550,0001,500,000(300,000)2450,000.00 | $250,000.00118,000.00200,000.00 $100,000.00 | $176,167.00Financing$4$ 1,500,000$4$4550,000550,000550,000 $FinancingInvesting950,000$428,750300,000(300,000)$452,50028,750Non Cash$4Non Cash$4(29,150)52,50052,50052,5005b. COGS for Sales on Account(29,150)$4(29,150)$429,150 | $Non Cash70,000 |$(117,250)(70,000)OperatingOperating6. Collect $70,000 on AcCount7. Paid $117,250 of Accounts Payable8. Purchased Inventory on Account - 170,000 Units at $1.50 per unit9a. Sold 175,000 units at $3.50 on Account9b. COGS for Sales on Account10. Collect $472,500 on Account11. Paid $218,600 of Accounts Payable12. Purchased Inventory on Account - 275,000 Units at $1.35 per unit13a. Sold 200,000 units at $3.50 on Account70,000$4$4$ (117,250)(117,250)255,000$4612,500255,000Non Cash$4$4612,500(254,100)612,500612,500(254,100)Non Cash(254,100)254,100 $Non Cash472,500 $(218,600)OperatingOperatingNon CashNon Cash$4(218,600)(472,500)472,500$4$ (218,600.00)371,250$4371,250$4$4$4(272,850)700,000700,000700,000700,000272,850 $$4(735,000)13b. COGS for Sales on Account(272,850)(272,850)$4Non Cash735,000| $14. Collect $735,000 on Account15. Paid $494,150 of Accounts Payable16. Purchased Inventory on Account - 300,000 Units at $1.15 per unit17. Paid Sales & Marketing Expenses of $30,00018. Paid Operating Expenses of $75,70819. Record Wages Payable of $40,00020. Paid Product Line Research & Development Expenses of $150,00021. Paid Advertising Expenses of $87,50024%24OperatingOperating735,000(494,150)$4(494,150.00)(494,150)345,000$4345,000.00Non Cash(30,000)(75,708)30,000 | $75,708 |$$4(30,000)$4(75,708)(30,000)(75,708)(40,000)(150,000)(87,500)(30,000)(75,708)(40,000)(150,000)(87,500)OperatingOperating$4$4$440,000$440,000 | $$4150,000 $OperatingOperating(150,000)(150,000)$4(87,500)$487,500 | $$4(87,500)22. Made the yearly required payment on the note payable. The note carries a 7%$interest rate and requires payments of $50,000 plus interest each December 31.38,500 | $(88,500)(50,000)$(38,500)$(38,500)Operating(88,500)23. Record first year of Depreciation on Equipment Purchased in Year 2 with SalvageValue of $38,000 & useful life of 7 Yrs24. Declared a $10,000 cash dividend for stockholders25. Paid a $10,000 cash dividend for stockholders$37,429.00(37,429)$37,429 | $(37,429)Non Cash10,000.00(10,000)Non Cash$4(10,000)2,012,792 $2$$4(10,000.00)FinancingNet Change in Cash$4(10,000)$ 1,755,792$4Balance at end of Yr 2105,000 | $471,900 $ 300,000 | $50,000 | $250,00045,762 $288,000 | $500,000 $40,000 $750,000 $1,050,000 $515,9301,365,000 $ 1,015,237 $349,763Total Assets$3,143,930Total Liabilities & Equity3,143,930%2A A A%24 4%24%24%24%24%24%24%24%24%24 4%24%24%24%24%24%24%24%24%24%24%24 4%24 A%2A 4%24%24%24%24%24%24%24%24%24%24%24%24%24%24 4%24 Income StatementYear 2Sales RevenueLess: Cost of Goods SoldGross MarginLess: ExpensesSales & MarketingOperating CostsWagesResearch & Development ExpenseAdvertising ExpenseDepreciation ExpenseInterest ExpenseTotal Operating Expenses$Net Income (Loss)%24

Name: hi can you help create the income statement for this? Balance SheetIn
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Description: hi can you help create the income statement for this? Balance SheetIncome StatementStatement of Cash FlowsAssetsLiabNotes PayEventsEquityAcct RecInventoryBuildingАcct PayDiv PayWages PayRetain EarningsAccum Depr8,333.00 | $CashEquipmentLandCommon St

The income statement is prepared to find net income or losses incurred during the period.

Answered: come ement Sotemetet Conow Everh A td |…

Business

Accounting

come ement Sotemetet Conow Everh A td | isen ho ch ecemte Operoting Non Com

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 55PSB: Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance...

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Assets Cash S.T. Investments Accts Receivable Inventories Total Current Assets Net PP&E Total Assets Liabilities. Accts Payable Notes Payable Accruals Balance Sheet Current Liabilities L.T. Bonds Preferred Stock Common Stock Retained Earnings Total Equity Total Liab. & Equity Less: Interest 2021 120 30 400 Pre-tax Earnings 1,200 1,750 3,000 4,750 100 100 300 500 520 200 530 3,000 3,530 4,750 Net Sales COGS except Dep Depreciation & Amortization Other Operating Expenses EBIT Income Statements 2021 5,500 3,800 180 600 920 60 860 215 Taxes (25%) Preferred Dividends 15 Net Income for CS Holders 630 2020 $102 40 384 774 1. What is the company's MVA? 2. What is the company's EVA in? 3. What is the current ratio of the Company? 1,300 1,780 3,080 180 28 370 578 350 100 500 1,552 2,052 3,080 Number of Common Stock Outstanding = 1,200 Price of Common Stock = 4.00 WACC Cost of Capital = 12.0% Return on Investment (ROI)= 15.97% 2020 4,800 3,710 180 470 440 40 400 100 7 293
docs.google.com/forms/d/e/1FAlpQLSdhx7wkRBg-5ysLm-AeX919m2L5F4Jxzbwov4D68iWUmoFzSg/formResponse?pli=1 Paused Consider the following statement of cash flows for Fattal Group company. (in millions) Cash flows from operating activities (CFO): Net income Adjustments to reconcile net income to CFO: 2015 2014 $5,800 $3,300 Depreciation and amortization Deferred income taxes Stock-based compensation (Increase) decrease in operating assets and liabılities: Accounts receivable 550 360 10 (580) 590 170 (380) (6,900) (1,960) (480) (490) Inventories Other current assets 410 Accounts payable Income taxes payable Accrued liabilities 700 690 250 140 (290) 970 170 1.090 Net CFO Cash flows from investing activities: Purchases of property and equipment Acquisitions Net cash used by investing activities Cash flows from financing activities: Proceeds from common stock sales Repayment of short-term line of credit Repayment of long-term debt | Net cash provided by financing activities Net increase in cash…
Current Attempt in Progress XYZ provided the following financial information: XYZBalance SheetAs of 12/31/19 Assets: Liabilities and Equity: Cash and marketable securities $27,476 Accounts payable and accruals $154,860 Accounts receivable $143,519 Short-term notes payable $21,255 Inventory $212,379 Total current liabilities $176,115 Total current assets $383,374 Long term debt $155,510 Net plant and equipment $602,704 Total liabilities $331,625 Goodwill and other assets $42,422 Common stock $312,719 Retained earnings $384,156 Total assets $1,028,500 Total liabilities and equity $1,028,500 In addition, it was reported that the firm had a net income of: $158,402 and net sales of: $4,272,431 Calculate the following ratios for this firm (Use 365 days for calculation. Round answers to 2 decimal places, e.g.…
Compared to the ROE in 2020, the ROE in 2021 has Improved / 6.65% Improved / 3.43% Worsened / -6.65% Worsened / -3.43% Stayed the same / 0% by
cash flow statment Assets Long term investments long-term assets Brand name & Goodwell The comparative statements of financial position of Lopez Inc. at the beginning and the end of the year 2022 appear as follows. Inventory Accounts receivable Cash Total J Equity and Liabilities Share capital ordinary Retained earnings Accounts payable Income Tax payable Total Ć Lopez Inc. Statements of Financial Position Dec.31, 2022 $ 56,000 115,000 50,000 100,000 65,000 12,000 $398,000 $250,000 61,000 53,000 34,000 $398,000 Jan. 1, 2022 $ 40,000 150,000 43,000 60,000 40,000 43,000 $376,000 $ 200,000 91,000 75,000 10,000 $376,000 Additional information Net income $90,000 Deprecation on long term assets $25,000 dividends of $15,000 were paid in 2022 a long-term asset with a net book value of $10,000 were sold at a gain of $17,000 Instructions From the information given above, prepare a Cash Flow Statement for Lopez Inc. for the period ending 31st Dec., 2022 (Using indirect method). Show very clearly…
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year ??? ??? 320,715 397,400 40,500 33,750 500,000 541,650 17,500 47,500 94,000 105,000 328,500 431,876.00 33,750 35,000 54,000 54,402.00 40,500 42,823.00 279,000 288,000 339,660.00 398,369.00 946,535 999,000 148,500 162,000 126,000 162,881.00 306,000 342,000 639,000 847,928.00 24,750 47,224.00 What is the current year's return on assets (ROA)? Submit Answer format: Percentage Round to: 2 decimal places (Example: 9.24%, % sign required. Will accept decimal format rounded to 4 decimal places (ex: 0.0924))
Preparing a Statement of Cash Flows Volusia Company reported the following comparative balance sheets for 2019: Required: Prepare a statement of cash flows for Volusia using the indirect method to compute net cash flow from operating activities.
Category Accounts payable Accounts receivable Accruals Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,106.00 5,972.00 6,919.00 8,940.00 5,691.00 6,099.00 20,212.00 13,343.00 ??? ??? 2,850 18,751.00 500 2,850 22,826.00 500 965.00 1,016.00 1,259.00 1,123.00 3,086.00 6,750.00 16,982.00 22,296.00 75,731.00 73,844.00 4,053.00 6,596.00 19,950 20,000 35,937.00 34,762.00 46,360 45,530.00 350 920 What is the firm's cash flow from operations? Submit Answer format: Number: Round to: 0 decimal places.
How would you prepare a statement of Cash Flows using the following information? Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/Decrease Assets Cash and cash Equivalent $ 51,500.00 $ 45,400.00 $ 6,100.00 Accounts Receivable $ 51,100.00 $ 61,400.00 $ 10,000.00 Inventories $ 61,400.00 $ 51,900.00 $ 9,500.00 Fixed Assets, net $ 160,000.00 $ 110,000.00 $ 50,000.00 Total Assets $ 324,000.00 $ 268,700.00 $ 55,600.00 Liabilities Accounts Payable $ 35,450.00 $ 27,800.00 $ 7,650.00 Accrued liabilities $ 31,000.00 $ 37,550.00 -$ 6,550.00 Long-term notes payable $ 60,000.00 $ 78,540.00 -$ 18,540.00 Stockholders Equity: Common Stock $ 143,050.00 $ 105,110.00 $ 37,940.00 Retained Earnings $ 54,800.00 $ 19,700.00 $…
How do you calculate a statement of Cash Flows using the below details: Maple Group Ltd Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Increase/Decrease Assets Cash and cash Equivalent $ 51,500.00 $ 45,400.00 $ 6,100.00 Accounts Receivable $ 51,100.00 $ 61,400.00 $ 10,000.00 Inventories $ 61,400.00 $ 51,900.00 $ 9,500.00 Fixed Assets, net $ 160,000.00 $ 110,000.00 $ 50,000.00 Total Assets $ 324,000.00 $ 268,700.00 $ 55,600.00 Liabilities Accounts Payable $ 35,450.00 $ 27,800.00 $ 7,650.00 Accrued liabilities $ 31,000.00 $ 37,550.00 -$ 6,550.00 Long-term notes payable $ 60,000.00 $ 78,540.00 -$ 18,540.00 Stockholders Equity: Common Stock $ 143,050.00 $ 105,110.00 $ 37,940.00 Retained Earnings $ 54,800.00 $…
View Policies Current Attempt in Progress The following information is available for Ivanhoe Company for the year ended December 31, 2022. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds Cash Flows from Operating Activities Net Income $78,750 Adjustments to reconcile net income to 6,475 Net Cash Provided by Operating Activities 283,500 14,350 19,250 497,175 61,250 21,000 Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-sign e.g.-15 parenthesis e.g. (15,000).) 8,225 505,750 45,500 Ivanhoe Company Statement of Cash Flows-Indirect Method For the Year Ended December 31, 2022 350,000 MacBook Air
O Accounts payable Accounts receivable Accruals Category Additional paid in capital Cash Common Stock COGS Current portion long-term debt Depreciation expense Interest expense Inventories Long-term debt Not fixed assets Notes payable Operating expenses (excl. depr.) Retained earnings Sales Taxes Prior Year Current Year 3,153.00 5,992.00 6,936.00 9,031.00 5,792.00 6,116.00 20,429.00 13,896.00 ??? Category 222 2,850 22,561.00 500 952.00 4,008.00 46,360 350 What is the firm's cash flow from financing? 1,259.00 1,120.00 3,060.00 6,658.00 16,820.00 22,100.00 75,431.00 74,071.00 6,567.00 19,950 20,000 35,524.00 34,531.00 45,432.00 2,850 Submit 18,594.00 500 1,019.00 920 Answer format: Number: Round to: 0 decimal places