Homework Company ASSETS Current Assets Cash Accounts Receivable Inventory PPD Insurance Total Current Assets Noncurrent Assets...

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Homework Company ASSETS Current Assets Cash Accounts Receivable Inventory PPD Insurance Total Current Assets Noncurrent Assets Land Buildings & Equipment Build & Equip - Accum. Depn. Total Noncurrent Assets TOTAL ASSETS Sales Cost of Goods Sold Gross Margin Operating Expenses Depreciation Insurance Expense Other Operating Expenses Operating Income Interest Expense Loss on Land Sale Net Income 1/1/2021 12/31/2021 $ 11,000 $ 14,500 12,500 7,400 6,600 8,500 550 490 30,650 30,890 16,000 180,000 (22,000) (31,000) 174,000 196,500 $ 204,650 $ 227,390 S 17,500 210,000 S 78,000 (46,000) 32,000 (9,000) (1,800) (11,500) 9,700 (2,700) (1,500) 5,500 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable Other Payables Interest Payable Total Current Liabilities Notes Payable Total Liabilities Common Stock Retained Earnings $ Total Equity TOTAL LIAB. AND EQUITY $ 1/1/2021 12/31/2021 Required: Prepare a direct method cash flow statement based on the information above. Include a supplemental schedule reconciling Net Income to net Cash Flows from Operating Activities. Put the cash flow statement, in proper format, on the Cash Flow HW Template. 5,600 $ 4,400 630 10,630 42,000 52,630 129,000 23,020 152,020 204,650 $ Other Information Loss on sale of Land $1,500. Original cost $8,500. No sales of Buildings and Equipment during period. No payments of Notes Payable. 6,615 2,050 705 9,370 43,000 52,370 153,000 22,020 175,020 227,390 Statement of Cash Flows Cash Flows From Operating Activities Net Cash Flows From Operating Activities Cash Flows From Investing Activities Net Cash Flows From Investing Activities Cash Flows From Financing Activities Net Cash Flows From Financing Activities Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance 2021 Supplemental Schedule of Reconciliation of Net Income to Cash Flows from Operating Activities Net Cash Flows From Operating Activities 2021 Homework Company ASSETS Current Assets Cash Accounts Receivable Inventory PPD Insurance Total Current Assets Noncurrent Assets Land Buildings & Equipment Build & Equip - Accum. Depn. Total Noncurrent Assets TOTAL ASSETS Sales Cost of Goods Sold Gross Margin Operating Expenses Depreciation Insurance Expense Other Operating Expenses Operating Income Interest Expense Loss on Land Sale Net Income 1/1/2021 12/31/2021 $ 11,000 $ 14,500 12,500 7,400 6,600 8,500 550 490 30,650 30,890 16,000 180,000 (22,000) (31,000) 174,000 196,500 $ 204,650 $ 227,390 S 17,500 210,000 S 78,000 (46,000) 32,000 (9,000) (1,800) (11,500) 9,700 (2,700) (1,500) 5,500 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable Other Payables Interest Payable Total Current Liabilities Notes Payable Total Liabilities Common Stock Retained Earnings $ Total Equity TOTAL LIAB. AND EQUITY $ 1/1/2021 12/31/2021 Required: Prepare a direct method cash flow statement based on the information above. Include a supplemental schedule reconciling Net Income to net Cash Flows from Operating Activities. Put the cash flow statement, in proper format, on the Cash Flow HW Template. 5,600 $ 4,400 630 10,630 42,000 52,630 129,000 23,020 152,020 204,650 $ Other Information Loss on sale of Land $1,500. Original cost $8,500. No sales of Buildings and Equipment during period. No payments of Notes Payable. 6,615 2,050 705 9,370 43,000 52,370 153,000 22,020 175,020 227,390 Statement of Cash Flows Cash Flows From Operating Activities Net Cash Flows From Operating Activities Cash Flows From Investing Activities Net Cash Flows From Investing Activities Cash Flows From Financing Activities Net Cash Flows From Financing Activities Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance 2021 Supplemental Schedule of Reconciliation of Net Income to Cash Flows from Operating Activities Net Cash Flows From Operating Activities 2021

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answers HOMEWORK COMPANY Statement of Cash flows Direct method For the Year Ended December 31 2019 C... View the full answer