Question: I am having trouble, please help! I fixed the image. I do apologize. I did not realize the problem was not fully printed. Thank You!

I am having trouble, please help! I fixed the image. I do apologize. I did not realize the problem was not fully printed. Thank You!

I am having trouble, please help! I fixed the image. I doapologize. I did not realize the problem was not fully printed. Thank

You! ? Comprehensive Problem 2- St of Cash Flows and Ratios AlgoR. Allen Inc. Income Statement For years ended December 31, 2017 and?2018 R. Allen Inc. Comparative Balance Sheets December 31, 2018 and 201750 points 2018 2017 Change 2018 2017 Current assets $528,000 $475,000 Cash$50,270 (321000) (263,000 Accounts receivable (net 38,000 44,000 1.200 1700 135,170 $31,700$18,570 32,000 6,000 42,000 2,000 2,700 -1,500 2,600 -900 111,000 24.170 Sales(al on credit) Cost of goods sold Gross margin 02:49:45 207000 212,000

Comprehensive Problem 2- St of Cash Flows and Ratios Algo R. Allen Inc. Income Statement For years ended December 31, 2017 and 2018 R. Allen Inc. Comparative Balance Sheets December 31, 2018 and 2017 50 points 2018 2017 Change 2018 2017 Current assets $528,000 $475,000 Cash $50,270 (321000) (263,000 Accounts receivable (net 38,000 44,000 1.200 1700 135,170 $31,700 $18,570 32,000 6,000 42,000 2,000 2,700 -1,500 2,600 -900 111,000 24.170 Sales (al on credit) Cost of goods sold Gross margin 02:49:45 207000 212,000 Inventory Prepaid expenses 37,000 51,000 Other current assets 114.000 95.000 Total current assets 151,000 146,000 56,000 66.000 Long-term Investments Depreciation expense Other operating expenses eBook Total operating expenses Operating income 81,000 56,000 25,000 257,000 50,000 (51,000) 26,800 206.000 23.200 373.000 72.370 Other income (expenses) Interest expense 307000 (77,800) 229.200 445.370 Plant assets Less: accumulated depreciation Gain on sale of investments Loss on sale of plant assets Total other income (expenses) (4,700) (3,500) 5,500 3,900 Total plant assets (2.700 .200 Total assets (12,900) (2,800) Current liabilities Income before income taxes Income taxes expense Net income 54,100 63,200 Accounts payable (16,230) 18960 Accrued liabilities $37870 $44240 Income taxes payable $25,500 3,600 1400 30,500 $26,000 $-500 3,000 600 5,000 -3,600 34,000 -3,500 Total current liabilities R. Allen Inc Statement of Retained Earnings For the year ended December 31, 2018 Long term liabilities Notes Payable Total liabilities 236,000 266,500 175,000 61,000 209,000 57,500 2018 2017

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