pany idS UTe adjusted accounts and balances at its December 31 year-end, Notes payable Prepaid insurance Interest expense Accounts payable Wages payable Cash $ 30,000 Accumulated depreceiation-Buildings $34,000 4,400 880 11,000 2,300 Uriearned revenue 48,000 Supplies expense 9,400 Buildings 3,700 Dividends 25,200 Depreciation expense-Buildingn 113,600 115,000 Accounta receivable Utilities expense Interest payable 7,800 3,200 860 1,750 580 230,000 12,500 11,500 1,750 Wages expense Insurance expense Conmon stock Retained earnings Services revenue Supplies Use the table of adjusted trial balance accounts for Stark Company to prepare the (1) Income statement and (2) statement of retalined earnings for the year ended December $113,600 on December 31 of the prior year. and (3) balance sheet at December 31. The Retained Earnings account balance was

Simons Industries reported net income of $69,000 for the current year. The balances and activity in its accounts receivable accounts follow. In addition, the company recorded $3,400 of bad debt expense and wrote off $2,500 of uncollectible accounts. E (Click the icon to view the balances and activity in accounts receivable accounts.) Prepare the operating section of the cash flow statement under the indirect method. (Use a minus sign or parentheses for any amounts to be subtracted. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.) Simons Industries Partial Statement of Cash Flows (Indirect Method) Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Net Cash Provided (Used) by Operating Activities

Consolidated Balance Sheets ($ in thousands) January 31, 2016 January 31, 2015 CURRENT ASSETS     Cash $ 37,243 $ 29,129 Accounts receivable (Note 5) 79,373 72,506 Inventories (Note 6) 211,736 204,812 Prepaid expenses 7,229 9,393   335,581 315,840 NON-CURRENT ASSETS     Property and equipment (Note 7) 345,881 311,692 Goodwill (Note 8) 37,260 33,653 Intangible assets (Note 8) 32,610 22,485 Deferred tax assets (Note 9) 29,040 28,074 Other assets (Note 10) 13,423 12,555   458,214 408,459 TOTAL ASSETS $ 793,795 $ 724,299 CURRENT LIABILITIES     Accounts payable and accrued liabilities $ 152,136 $ 138,834 Current portion of long-term debt (Note 11) — 6,271 Income tax payable 3,365 1,170   155,501 146,275 NON-CURRENT LIABILITIES     Long-term debt (Note 11) 225,489 195,125 Defined benefit plan obligation (Note 12) 33,853 36,556 Deferred tax liabilities (Note 9) 2,630 2,392 Other long-term liabilities 18,710 14,668   280,682 248,741 TOTAL…

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