rn 11-4A -Cash Flow Statement Challenging Problem The financial statements of Brady Inc. are presented below:

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11-4A -Cash Flow Statement – Challenging Problem The financial statements of Brady Inc. are presented below: Brady Inc. Balance Sheet As at September 30 2024 2023 Cash $600 $2,000 Accounts receivable 14,000 48,000 1,000 45,500 (9,000) S100.100 6.000 24,000 Inventory Prepaid insurance Building and equipment Accumulated depreciation Total assets 1,500 48,000 (7,000) $74.500 Accounts payable Salaries payable Dividends payable Interest payable Unearned revenues Income taxes payable Bank loan payable Common shares Retained earnings Total liabilities and shareholders' equity $13,000 $9,000 3,000 2,000 600 500 800 100 6,000 4,000 100 300 20,000 1,500 4,000 1,000 55.100 $100.100 53.600 $74.500 Brady Inc. Income Statement For the Year Ended September 30, 2024 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before taxes $108,000 54.000 54,000 48.000 6,000 1.500 4,500 1.000 $3.500 Income taxes Net income 11-4A -Cash Flow Statement – Challenging Problem The financial statements of Brady Inc. are presented below: Brady Inc. Balance Sheet As at September 30 2024 2023 Cash $600 $2,000 Accounts receivable 14,000 48,000 1,000 45,500 (9,000) S100.100 6.000 24,000 Inventory Prepaid insurance Building and equipment Accumulated depreciation Total assets 1,500 48,000 (7,000) $74.500 Accounts payable Salaries payable Dividends payable Interest payable Unearned revenues Income taxes payable Bank loan payable Common shares Retained earnings Total liabilities and shareholders' equity $13,000 $9,000 3,000 2,000 600 500 800 100 6,000 4,000 100 300 20,000 1,500 4,000 1,000 55.100 $100.100 53.600 $74.500 Brady Inc. Income Statement For the Year Ended September 30, 2024 Sales Cost of goods sold Gross profit Operating expenses Operating income Interest expense Income before taxes $108,000 54.000 54,000 48.000 6,000 1.500 4,500 1.000 $3.500 Income taxes Net income

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Answer Brady Inc Statement of Cash Flow Direct Method Year Ended September 30 2024 Cash Flow from Op... View the full answer