a. Use the following information to create the 2017 and 2018 income statements. b. Create the...

  

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a. Use the following information to create the 2017 and 2018 income statements. b. Create the 2017 and 2018 balance sheets. c. Then create the 2018 indirect cash flow statement. Accounts payable Accounts receivable Accruals Cash COGS Depreciation expense Dividends Equity Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Sales Taxes 2017 2018 $60,480 $64,800 $100,800 $108,000 $40,320 $43,200 $50,400 $54,000 $226,800 $243,000 $21,000 $22,500 ??? $39,600 $626,400 $584,640 $16,800 $18,000 $50,400 $54,000 $221,760 $237,600 $806,400 $864,000 $100,800 $108,000 $42,000 $45,000 $420,000 $450,000 63000 67500 a. Use the following information to create the 2017 and 2018 income statements. b. Create the 2017 and 2018 balance sheets. c. Then create the 2018 indirect cash flow statement. Accounts payable Accounts receivable Accruals Cash COGS Depreciation expense Dividends Equity Interest expense Inventories Long-term debt Net fixed assets Notes payable Operating expenses (excl. depr.) Sales Taxes 2017 2018 $60,480 $64,800 $100,800 $108,000 $40,320 $43,200 $50,400 $54,000 $226,800 $243,000 $21,000 $22,500 ??? $39,600 $626,400 $584,640 $16,800 $18,000 $50,400 $54,000 $221,760 $237,600 $806,400 $864,000 $100,800 $108,000 $42,000 $45,000 $420,000 $450,000 63000 67500

Answer rating: 100% (QA)

Answer Income Statements Item 2017 2018 Sales 420000 450000 Cost of Goods Sold COGS 226800 243000 Op... View the full answer