Create a statement of cash flows with this information? Sales Cost of Goods Sold Gross Margin Operating

Create a statement of cash flows with this information?

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Sales Cost of Goods Sold Gross Margin Operating Expenses: Salaries and Wages Expense Rent Expense Depreciation Expense Spartan Cases Inc. Comparative Statement of Income For the Years Ended December 31, 2022 and 2021 Total Operating Expenses Income from Operations Loss on Sale of Equipment Interest Expense Increase (Decrease) in Operating Income Income before Taxes Federal Income Taxes Net Income 2022 $ 1,500,000 $ 450,000 $ 1,050,000 Retained Earnings, Beginning of Year Net Income Less: Dividends Retained Earnings, End of Year $ $ $ $ $ $ $ $ $ $ $ American Aircraft Manufacturers Comparative Statement of Retained Earnings For the Years Ended December 31, 2022 and 2021 $ $ 150,000 45,000 50,000 245,000 805,000 4,000 16,000 (20,000) 785,000 $ $ 235,500 549,500 2022 426,200 549,500 180,000 795,700 2021 $ 1,100,000 $ 440,000 $ 660,000 $ 120,000 $ 25,000 40,000 $ $ 185,000 $ 475,000 $ $ 16,000 $ (16,000) $ 459,000 $ 132,800 $ 326,200 2021 200,000 $ $ 326,200 $ 100,000 $426,200 1. Equipment with a cost of $24,000 on which accumulated depreciation has been recorded for cash. Equipment 2. Stock was issued for cash. 3. Dividends were paid in cash. Sales Cost of Goods Sold Gross Margin Operating Expenses: Salaries and Wages Expense Rent Expense Depreciation Expense Spartan Cases Inc. Comparative Statement of Income For the Years Ended December 31, 2022 and 2021 Total Operating Expenses Income from Operations Loss on Sale of Equipment Interest Expense Increase (Decrease) in Operating Income Income before Taxes Federal Income Taxes Net Income 2022 $ 1,500,000 $ 450,000 $ 1,050,000 Retained Earnings, Beginning of Year Net Income Less: Dividends Retained Earnings, End of Year $ $ $ $ $ $ $ $ $ $ $ American Aircraft Manufacturers Comparative Statement of Retained Earnings For the Years Ended December 31, 2022 and 2021 $ $ 150,000 45,000 50,000 245,000 805,000 4,000 16,000 (20,000) 785,000 $ $ 235,500 549,500 2022 426,200 549,500 180,000 795,700 2021 $ 1,100,000 $ 440,000 $ 660,000 $ 120,000 $ 25,000 40,000 $ $ 185,000 $ 475,000 $ $ 16,000 $ (16,000) $ 459,000 $ 132,800 $ 326,200 2021 200,000 $ $ 326,200 $ 100,000 $426,200 1. Equipment with a cost of $24,000 on which accumulated depreciation has been recorded for cash. Equipment 2. Stock was issued for cash. 3. Dividends were paid in cash.

Answer rating: 100% (QA)

Spartan Cases Inc Statement of Cash Flows For the year ended December 31 2022 Cash Flows from Operat... View the full answer