Condensed financial data of Monty Corp. follow Monty Corp. Comparative Balance Sheets December 31 Assets 2022...
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Condensed financial data of Monty Corp. follow Monty Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $103,600 $48.100 Accounts receivable: 91.000 32,900 Inventory 111,000 102.500 Prepaid expenses 29.100 25.500 Long-term investments. 139,700 113.100 Plant assets 275,300 242,600 Accumulated depreciation (47.800) (52,300) Total $701.900 $512,400 Liabilities and Stockholders' Equity Accounts payable $111.600 $67.900 Accrued expenses payable 16,000 17.100 Bonds payable 119,900 149.300 Common stock 219.000 175,100 Retained earnings 235,400 103,000 Total $701.900 $512,400 Monty Corp. Income Statement For the Year Ended December 31, 2022 Sales revenue $391.300 Less Cost of goods sold $135,200 Operating expenses. excluding depreciation 11.900 Depreciation expense 32.200 Income tax expense 27.700 Interest expense 4,100 Loss on disposal of plant assets 7,500 218,600 Net income $172,700 Additional information: 1 New plant assets costing $79.800 were purchased for cash during the year. 2 Old plant assets having an original cost of $47.100 and accumulated depreciation of $36,700 were sold for $2,900 cash 3 Bonds payable matured and were paid off at face value for cash 4. A cash dividend of $40,300 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis es (15,000)) MatyCara Statement of Cash Condensed financial data of Monty Corp. follow Monty Corp. Comparative Balance Sheets December 31 Assets 2022 2021 Cash $103,600 $48.100 Accounts receivable: 91.000 32,900 Inventory 111,000 102.500 Prepaid expenses 29.100 25.500 Long-term investments. 139,700 113.100 Plant assets 275,300 242,600 Accumulated depreciation (47.800) (52,300) Total $701.900 $512,400 Liabilities and Stockholders' Equity Accounts payable $111.600 $67.900 Accrued expenses payable 16,000 17.100 Bonds payable 119,900 149.300 Common stock 219.000 175,100 Retained earnings 235,400 103,000 Total $701.900 $512,400 Monty Corp. Income Statement For the Year Ended December 31, 2022 Sales revenue $391.300 Less Cost of goods sold $135,200 Operating expenses. excluding depreciation 11.900 Depreciation expense 32.200 Income tax expense 27.700 Interest expense 4,100 Loss on disposal of plant assets 7,500 218,600 Net income $172,700 Additional information: 1 New plant assets costing $79.800 were purchased for cash during the year. 2 Old plant assets having an original cost of $47.100 and accumulated depreciation of $36,700 were sold for $2,900 cash 3 Bonds payable matured and were paid off at face value for cash 4. A cash dividend of $40,300 was declared and paid during the year. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a sign eg-15,000 or in parenthesis es (15,000)) MatyCara Statement of Cash
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