Question: Could it be finished since I am stuck on the rest December 31, Difference 2019 Johnston Enterprises Balance Sheet and Income Statement Data December 31,

 Could it be finished since I am stuck on the rest

Could it be finished since I am stuck on the rest

December 31, Difference 2019 Johnston Enterprises Balance Sheet and Income Statement Data December 31, 2020 Current Assets: Cash $153,000 Accounts Receivable 238,000 Inventory 391,000 Total Current Assets 782,000 Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: $ $119,000 306,000 340,000 765,000 $34,000 ($68,000) $51,000 $17,000 Addback Subtract Subtract the decrease in the change of Addback the increase in the change of Subtract the increase in the change of Addback the decrease in the change of Subtract the increase in the change of Depreciation Expense Loss on Sale of Equipment Accounts Receivable Inventory Accounts Payable Notes Payable Income taxes Payable 17,000 12,000 (68,000) $51,000 $85,000 ($17,000) $8,500 Property, Plant, and Equipment Less: Accumulated Depreciation Total Assets 1,241,000 -476,000 $1.547.000 1,122,000 -442,000 $1.445.000 Net cash provided by operating activities Current Liabilities: Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities $187,000 51,000 85,000 323,000 $102,000 68,000 76,500 246,500 Cash flows from investing activities Add Subtract NA Net cash used by investing activities Sale of fixed assets Purchase of fixed assets N/A $22,000 ($272,000) ($250,000) Bonds Payable Total Liabilities 340,000 663.000 391,000 637,500 Cash flows from financing activities Add Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity Issuance of bonds payable demption of bonds payable Dividends paid 510,000 374,000 884,000 $1.547.000 467,500 340,000 807,500 $1.445.000 Net cash used by financing activities 1,615,000 751,000 864,000 $1,513,000 731,000 782,000 Net increase in cash Cash at beginning of year Cash at end of year Sales Revenue Less Cost of Goods Sold Gross Profit Expenses: Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment Income Before Taxes Less Income Tax Expense Net Income 153,000 391,000 34,000 12,000 274,000 110,000 $164.000 136,000 357,000 34,000 0 255,000 102,000 $153.000 During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000

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