dent A: x | Topic Topic 5 - Cashflow S x | Classes in Connect x Demonstration Case A x Problems x Cash Flow Statement Analy X d.reader-ui.prod.mheducation.com/epub/sn_6adb7/data-uuid-978cb41ccfc74a3681fabOcc14ec5318 E Aa x Your session has ended. We can't save your changes until this book is reopened. December 31 2024 2023 Assets Cash $ 9,000 $ 17,000 Short-term investments 45,000 20,000 Accounts receivable 68,000 26,000 Inventories, at cost 54,000 40,000 Prepaid expenses 4,000 6,000 Land 45,000 70,000 Property, plant, and equipment, net 280,000 179,000 Intangible assets 24,000 28,000 $529,000 $386,000 Liabilities and Shareholders' Equity Accounts payable $ 17,000 $ 40,000 Income tax payable 6,000 1,000 Accrued liabilities 10,000 Long-term notes payable 110,000 150,000 Share capital 200,000 60,000 Retained earnings 186,000 135,000 $529,000 $386,000 Q Search Ko ENG US 19 HX 10 F11 F12 prt sc Imprecr insert delete suppr % ? & 4 5 6 8 9 0 C 1/4 1/2 3/4 W E R T Y U O P S F G H K REDMI 12 5G 14/04/2025 19:01 BA: x Topic Topic 5 - Cashflow S x Classes in Connect x Demonstration Case A X Problems X Cash Flow Statement Ana reader-ui.prod.mheducation.com/epub/sn_6adb7/data-uuid-978cb41ccfc74a3681fabOcc14ec5318 220 of 388 (x) Your session has ended. We can't save your changes until this book is reopened. MIKOS INC. Statement of Earnings For the Year Ended December 31, 2024 Sales $850,000 Cost of sales $430,000 Operating expenses 221,000 Amortization expense-intangible assets 4,000 Depreciation expense-property, plant, and equipment 33,000 Interest expense 12,000 700,000 Earnings before income taxes 150,000 Income tax expense 45,000 Net earnings $ 105,000 Additional information is as follows: a. Land was sold for cash at its carrying amount. b. Mikos sells its short-term investments within three months of purchasing them. c. Cash dividends were declared and paid in 2024. d. New equipment with a cost of $ 166,000 was purchased for cash, and old equipment was sold at its carrying amount. e. Long-term notes of $10,000 were paid in cash, and notes of $30,000 were converted to shares. Required: L F7 F10 F11 F12 prt sc imprecr. insert & 5 8 9 1/4 1/2 REDMI 12 5G T U O 14/04/2025 19:01