Complete the cash flow statement and please find depreciation expense and property, plant, & equipment purchase amount.
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Complete the cash flow statement and please find depreciation expense and property, plant, & equipment purchase amount.
DD Company's Year 2 Income Statement: Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes Net Income Assets Cash A/R Comparative Balance Sheets for Two (2) Years: Inventory Prepaids Total Current Assets Long Term Investments Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipm Total Assets Liabilities A/P Accrued Liabilities Total Current Liabilities Long Term Debt Total Liabilities Equity $ Common Stock Retained Earnings Total Owners' Equity Total Liabilities & Equity $ 995,000 540,000 455,000 296,000 159,000 20,000 139,000 32,000 107,000 Year 2 118,000 505,000 590,000 10,000 1,223,000 120,000 1,780,000 (580,000) 1,200,000 $ 2,543,000 632,000 37,000 669,000 420,000 1,089,000 920,000 534,000 1,454,000 $ 2,543,000 Other information: Year 1 a. Equipment that had cost 105,000 and on which had 55,000 of accumulated deprec- iation was sold in Year 2 for 30,000 cash. b. Cash dividends of 58,000 were paid in the current year. 45,000 385,000 615,000 20,000 1,065,000 120,000 1,510,000 (475,000) 1,035,000 $ 2,220,000 560,000 55,000 615,000 300,000 915,000 820,000 485,000 1,305,000 $ 2,220,000
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