Question: Based on the financial statements below, complete amounts in the the statement of cash flows. Enter amounts in columns S, T, and U. Make no




Morris Company Income Statement For the Year Ended December 31, 2022 \begin{tabular}{|l|r|r|} \hline Sales & & \\ \hline Cost of merchandise sold & 180,000 & \\ \hline Gross profit & & $248,600 \\ \hline & & \\ \hline Operating expenses: & & \\ \hline Wages expense & $48,600 & \\ \hline Rent expense & 27,000 & \\ \hline Depreciation expense & 19,800 & \\ \hline Insurance expense & 14,400 & \\ \hline Supplies expense & 10,800 & \\ \hline Utilities expense & 7,200 & \\ \hline Total operating expenses & & 127,800 \\ \hline Net income from operations & & $120,800 \\ \hline & & \\ \hline Other revenue and expenses & & \\ \hline Gain on sale of investment & $8,800 & \\ \hline Loss on sale of equipment & (6,100) & 2,700 \\ \hline & & \\ \hline Net income & & $123,500 \\ \hline \end{tabular} NOTES: a. All investi b. The comr c. The comp d. The comp a. All investing and financing activities were for cash. b. The company did not purchase any equipment or investments during the year. c. The company did not sell any land during the year. d. The company did not take out any additional loans during the year. Mnrrie Comman.. ints during the year. the year. Geatertent of Cash Figer
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