Heads Up Company was started several years ago by two hockey instructors. The company’s comparative balance sheets and income statement follow, along with additional information.   Current Year Previous Year Balance Sheet at December 31     Cash $ 6,180 $ 4,160 Accounts Receivable 890 1,730 Equipment 5,390 4,900 Accumulated Depreciation—Equipment (1,480) (1,240) Total Assets $ 10,980 $ 9,550 Accounts Payable $ 710 $ 1,200 Salaries and Wages Payable 510 750 Notes Payable (long-term) 1,600 500 Common Stock 4,900 4,900 Retained Earnings 3,260 2,200 Total Liabilities and Stockholders’ Equity $ 10,980 $ 9,550 Income Statement     Service Revenue $ 39,700   Salaries and Wages Expense 37,200   Depreciation Expense 240   Income Tax Expense 1,200   Net Income $ 1,060   Additional Data: Bought new hockey equipment for cash, $490. Borrowed $1,100 cash from the bank during the year. Accounts Payable includes only purchases of services made on credit for operating purposes. Because there are no liability accounts relating to income tax, assume this expense was fully paid in cash. Required: 1. Prepare the statement of cash flows for the current year ended December 31 using the indirect method.

Required information Skip to question   [The following information applies to the questions displayed below.]   Comparative financial statements for Weaver Company follow:   Weaver CompanyComparative Balance Sheetat December 31   This Year   Last Year Assets               Cash $ 25     $ 12   Accounts receivable   293       230   Inventory   152       194   Prepaid expenses   9       5   Total current assets   479       441   Property, plant, and equipment   510       432   Less accumulated depreciation   (83 )     (71 ) Net property, plant, and equipment   427       361   Long-term investments   24       31   Total assets $ 930     $ 833   Liabilities and Stockholders' Equity               Accounts payable $ 302     $ 225   Accrued liabilities   71       80   Income taxes payable   75       63   Total current liabilities   448       368   Bonds payable   200       171   Total liabilities   648       539   Common stock   162       200…

Given the following account balances at year end, compute the total intangible assets on the balance sheet of Janssen Enterprises. Cash $1,500,000 Accounts Receivable 1,000,000 Trademarks 1,200,000 Goodwill 2,500,000 Research & Development Costs 2,000,000 a. $9,700,000. b. $5,700,000. c. $3,700,000. d. $7,700,000.

Beta corporation reports the following solve this accounting questions