Kohn Corporation statement of income and retained earnings year ended December 31, 19x2: Net Sales Expenses...

 

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Kohn Corporation statement of income and retained earnings year ended December 31, 19x2: Net Sales Expenses Cost of Goods Sold Selling, General and Administrative Depreciation Interest Net Income Before Taxes Less: Taxes Net Income $48,000,000 $25,000,000 $5,000,000 $5,000,000 $2,000,000 $37,000,000 $11,000,000 $4,000,000 $7,000,000 $40,000,000 $47,000,000 $3,000,000 Add: Retained Earnings at 12/31/x1 Subtotal Less: Dividends Retained Earnings at 12/31/x2 a. Prepare a source and use of funds statement on cash basis for 19x2. b. Prepare a source and use of working capital statement for 19x2. $44,000,000 Kohn Corporation statement of income and retained earnings year ended December 31, 19x2: Net Sales Expenses Cost of Goods Sold Selling, General and Administrative Depreciation Interest Net Income Before Taxes Less: Taxes Net Income $48,000,000 $25,000,000 $5,000,000 $5,000,000 $2,000,000 $37,000,000 $11,000,000 $4,000,000 $7,000,000 $40,000,000 $47,000,000 $3,000,000 Add: Retained Earnings at 12/31/x1 Subtotal Less: Dividends Retained Earnings at 12/31/x2 a. Prepare a source and use of funds statement on cash basis for 19x2. b. Prepare a source and use of working capital statement for 19x2. $44,000,000

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