Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.   JUST DEW IT CORPORATION 2017 and 2018 Balance Sheets Assets   Liabilities and Owners’ Equity   2017   2018     2017   2018   Current assets                   Current liabilities                     Cash $ 12,157     $ 14,105           Accounts payable $ 46,382     $ 49,276         Accounts receivable   29,382       32,815           Notes payable   18,246       19,784         Inventory   54,632       57,204                                                               Total $ 96,171     $ 104,124             Total $ 64,628     $ 69,060                                                         Long-term debt $ 49,000     $ 45,000                                                         Owners’ equity                                       Common stock and paid-in surplus $ 50,000     $ 50,000                           Retained earnings   299,784       315,894                                       Net plant and equipment $ 367,241     $ 375,830       Total $ 349,784     $ 365,894                                       Total assets $ 463,412     $ 479,954       Total liabilities and owners’ equity $ 463,412     $ 479,954                                         For each account on this company’s balance sheet, show the change in the account during 2018 and note whether this change was a source or use of cash. (If there is no action select "None" from the dropdown options. Leave no cells blank - be certain to enter "0" wherever required. A negative answer should be indicated by a minus sign.)   Just Dew It Corporation reports the following balance sheet information for 2017 and 2018.

Some recent financial statements for Smolira Golf, Inc., follow.   SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2018 and 2019     2018   2019       2018   2019 Assets   Liabilities and Owners’ Equity   Current assets           Current liabilities              Cash $ 5,298 $ 5,827      Accounts payable $ 3,754 $ 3,986      Accounts receivable   7,707   8,477      Notes payable   3,045   3,318      Inventory   12,150   21,956      Other   152   179                               Total $ 25,155 $ 36,260         Total $ 6,951 $ 7,483                                   Long-term debt $ 24,700 $ 16,000             Owners’ equity                        Common stock                           and paid-in surplus $ 40,000 $ 37,000   Fixed assets              Accumulated retained earnings   28,805   55,189                             Net plant and equipment $ 75,301 $ 79,412          Total $ 68,805 $ 92,189                         Total assets $…

The current assets and liabilities sections of the comparative balance sheets of Regent Inc., a private entity reporting under ASPE, at December 31 are presented below, along with the income statement: REGENT INC. Comparative Balance Sheet Accounts 2024 2023 Cash $27,720 $29,400 Accounts receivable 17,920 11,480 Inventory 9,100 12,880 Prepaid expenses 2,100 1,624 Accounts payable 12,040 10,080 Accrued expenses payable 1,400 2,240 Dividends payable 6,720 4,760 Income tax payable 1,904 3,304 REGENT INC. Income Statement Year Ended October 31, 2024 Sales $175,000 Cost of goods sold 109,200 Gross profit 65,800 Operating expenses $24,640 Depreciation expense 6,440 Loss on sale of equipment 2,240 33,320 Profit before income tax 32,480 Income tax expense 8,120 Profit for the year $24,360 Instructions Prepare the operating section of the cash flow statement using the direct method.

Following is the balance sheet for 3M Company. At December 31 2015 2014 Cash and cash equivalents $ 1,798 $ 1,897 Marketable securities-current 118 1,439 Accounts receivable, net 4,154 4,238 Inventories 3,518 3,706 Other current assets 1,398 1,023 Total current assets 10,986 12,303 Marketable securities-noncurrent 126 117 Property, plant and equipment--net 8,515 8,489 Goodwill 9,249 7,050 Intangible assets-net 2,601 1,435 Prepaid pension benefits 188 46 1,053 $32,718 1,769 $31,209 Other assets Total assets $ $ Short-term debt & current portion of LT debt Accounts payable 2,044 106 1,694 1,807 Accrued payroll 644 732 Accrued income taxes 332 435 Other current liabilities 2,404 2,884 Total current liabilities 7,118 5,964 Long-term debt 8,753 6,705 Pension and postretirement benefits 3,520 3,843 Other liabilities 1,580 1,555 Total liabilities 20,971 18,067 3M Company shareholders' equity: Common stock 9. Additional paid-in capital Retained earnings 4,791 4,379 36,575 34,317 Treasury stock…

Some recent financial statements for Smolira Golf, Inc., follow. SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2018 and 2019                           2018   2019       2018   2019                       Assets           Liabilities and Owners’ Equity           Current assets           Current liabilities              Cash $ 3,211 $ 3,307      Accounts payable $ 2,153 $ 2,600        Accounts receivable   4,767   5,781      Notes payable   1,750   2,116        Inventory   12,478   13,782      Other   90   107                                 Total $ 20,456 $ 22,870         Total $ 3,993 $ 4,823                                     Long-term debt $ 13,400 $ 16,160               Owners’ equity                        Common stock                           and paid-in surplus $ 38,000 $ 38,000     Fixed assets              Accumulated retained earnings   15,654   39,112                               Net plant and equipment $ 50,591 $ 75,225…

Some recent financial statements for Smolira Golf, Inc., follow.   SMOLIRA GOLF, INC.Balance Sheets as of December 31, 2018 and 2019                         2018   2019           2018   2019             Liabilities and Owners Equity         Assets                       Current assets           Current liabilities              Cash $ 3,211 $ 3,307      Accounts payable $ 2,153 $ 2,600        Accounts receivable   4,767   5,781      Notes payable   1,750   2,116        Inventory   12,478   13,782      Other   90   107                                 Total $ 20,456 $ 22,870         Total $ 3,993 $ 4,823                                     Long-term debt $ 13,400 $ 16,160               Owners’ equity                        Common stock                           and paid-in surplus $ 38,000 $ 38,000     Fixed assets              Accumulated retained earnings   15,654   39,112                               Net plant and equipment $ 50,591 $ 75,225…

Consider the following financial data for Smith Corp.:     Balance Sheet as of December 31, 2019               Cash $ 195,000   Accounts payable $ 94,000 Receivables   185,500   Short-term bank note   119,500 Inventories   214,500   Accruals   71,000   Total current assets $ 595,000     Total current liabilities $ 284,500         Long-term debt   462,500 Net plant & equip.   621,500   Common equity   469,500 Total assets $ 1,216,500   Total liab. & equity $ 1,216,500               Profit & Loss Statement for 2019   Industry Average Ratios               Net sales $ 1,265,000   Current ratio 1.9× Cost of sales   986,500   Quick ratio 1.2× Gross profit $ 278,500   Days sales outstanding 64 days Operating expenses   166,500   Inventory turnover 3.3×   EBIT $ 112,000   Total asset turnover 0.7× Interest expense   32,000   Net profit margin 9.1%   Pre-tax income $ 80,000…

The current assets and current liabilities sections of the balance sheet of Sunland Co. appear as follows. Sunland Co.Balance Sheet (Partial)As of December 31, 2017 Cash       $ 17,900   Accounts payable   $ 29,500 Accounts receivable   $ 39,600       Notes payable   15,400     Less: Allowance for doubtful accounts   3,200   36,400   Unearned revenue   3,800 Inventory       61,100   Total current liabilities   $ 48,700 Prepaid expenses       7,400         Total current assets       $ 122,800         The following errors in the corporation’s accounting have been discovered: 1.   Keane collected $ 5,200 on December 20, 2017 as a down payment for services to be performed in January, 2018. The company’s controller recorded the amount as revenue. 2.   The inventory amount reported included $ 2,300 of merchandise that had been received on December 31, 2017 but for which no purchase invoices had been received or entered. Of this amount, $ 1,600 had been received on…

Below are Laiho Industries' 2017 and 2018 balance sheet items: Cash Accounts Receivable Long-Term Debt Accounts Payable Common Stock (total value) Notes Payable Net Fixed Assets Accruals Inventories Retained Earnings $ $ $ $ LA $ LA $ LA $ LA LA 2018 102,850.00 103,365.00 76,264.00 30,761.00 100,000.00 $ $ $ $ Sm 16,717.00 $ 67,165.00 $ 30,477.00 $ 38,444.00 $ 57,605.00 2017 89,725.00 85,527.00 63,914.00 23,109.00 90,000.00 14,217.00 42,436.00 22,656.00 34,982.00 38,774.00 Sales for 2018 were $455,150, and EBITDA was 15% of sales. Furthermore, depreciation and amortization were 11% of net fixed assets, interest was $8,575, the corporate tax rate was 40%, and Laiho pays 40% of its net income as dividends. Given this information, construct the firm's 2018 income statement, statement of cash flows, and statement of owner's equity. Then answer the questions below.

How to calculate Net Operating Asset from this balance sheet for fiscal year-end 2015 .