Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings...
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Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Maris Corporation Income Statement Year Ended December 31, 20XX Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common shareholders. Shares outstanding Earnings per share i $5,300,000 3,575,000 1,725,000 690,000 210,000 825,000 58,000 767,000 450,000 317,000 25,000 $292,000 146,000 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20Xx Deduct: Cash dividends declared and paid in 20XX Retained earnings, balance, December 31, 20XX $900,000 292,000 150,000 $1,042,000 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets. Investments (long-term securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20xY Comparative Balance Sheets For 20XX and 20XW Total liabilities Shareholders' equity: Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity December 31, 20XX 2,400,000 973,000 $120,000 500,000 630,000 22,000 1,272,000 120,000 1,427,000 $2,819,000 $438,000 500,000 49,000 987,000 170,000 1,157,000 120,000 500,000 1,042,000 1,662,000 $2,819,000 December 31, 20XW 1,800,000 763,000 $108,000 488,000 604,000 44,000 1,244,000 125,000 1,037,000 $2,406,000 $220,000 500,000 66,000 786,000 100,000 886,000 120,000 500,000 900,000 1,520,000 $2,406,000 Prepare a statement of cash flows for the Maris Corporation (Amounts to be deducted should be indicated with a minus sign. Omit S sign in your response.) Given is the Income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Sales Cost of goods sold Gross profits Selling and administrative expense Amortization expense Operating income Interest expense Maris Corporation Income Statement Year Ended December 31, 20XX Earnings before taxes Taxes Earnings after taxes Preferred stock dividends Earnings available to common shareholders. Shares outstanding Earnings per share i $5,300,000 3,575,000 1,725,000 690,000 210,000 825,000 58,000 767,000 450,000 317,000 25,000 $292,000 146,000 $2.00 Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20Xx Deduct: Cash dividends declared and paid in 20XX Retained earnings, balance, December 31, 20XX $900,000 292,000 150,000 $1,042,000 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets. Investments (long-term securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20xY Comparative Balance Sheets For 20XX and 20XW Total liabilities Shareholders' equity: Preferred stock Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity December 31, 20XX 2,400,000 973,000 $120,000 500,000 630,000 22,000 1,272,000 120,000 1,427,000 $2,819,000 $438,000 500,000 49,000 987,000 170,000 1,157,000 120,000 500,000 1,042,000 1,662,000 $2,819,000 December 31, 20XW 1,800,000 763,000 $108,000 488,000 604,000 44,000 1,244,000 125,000 1,037,000 $2,406,000 $220,000 500,000 66,000 786,000 100,000 886,000 120,000 500,000 900,000 1,520,000 $2,406,000 Prepare a statement of cash flows for the Maris Corporation (Amounts to be deducted should be indicated with a minus sign. Omit S sign in your response.)
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Here is the statement of cash flows for Maris Corporation for the year ended December 31 20XX Mari... View the full answer
Related Book For
Principles of Managerial Finance
ISBN: 978-0133507690
14th edition
Authors: Lawrence J. Gitman, Chad J. Zutter
Posted Date:
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