Question: I have 2 questions I'm looking for help on, I've attached a document with them. Problem 13-28 (Part Level Submission) Kate Petusky prepared Addison Controls'

 I have 2 questions I'm looking for help on, I've attached

I have 2 questions I'm looking for help on, I've attached a document with them.

a document with them. Problem 13-28 (Part Level Submission) Kate Petusky prepared

Problem 13-28 (Part Level Submission) Kate Petusky prepared Addison Controls' balance sheet and income statement for 2013. Before she could complete the statement of cash flows, she had to leave town to attend to a family emergency. Because the full set of statements must be provided to the auditors today, Addison's president, Lance Meyers, has asked you to prepare the statement of cash flows. Meyers has provided you with the balance sheet and income statement that Petusky prepared, as well as some notes she made: Addison Controls Income Statement For the Year Ended December 31, 2013 Sales revenue $128,000 Cost of goods sold 69,850 Gross margin Selling expense Administrative expense Salaries expense Depreciation expense Interest expense 58,150 13,050 8,120 20,120 1,980 4,050 Income before gain and taxes Gain on sale of land Income tax expense Net income 47,320 10,830 970 840 $10,960 Addison Controls Comparative Balance Sheets As of December 31 2013 Cash $5,180 Accounts receivable, net 6,310 Inventory 31,790 Total current assets Property, plant, & equipment, net Total assets Accounts payable Accrued expenses Salaries payable Taxes payable Bonds payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities & stockholders' equity 2012 $4,300 5,570 34,200 43,280 211,590 44,070 215,390 $254,870 $259,460 $3,450 640 1,900 2,170 60,040 $5,980 720 1,530 2,640 50,070 68,200 60,940 125,060 61,610 125,060 73,460 186,670 198,520 $254,870 $259,460 Equipment with an original cost of $35,080 was sold for $20,300. The book value of the equipment was $19,330. On June 1, 2013, the company purchased new equipment for cash at a cost of $17,510. At the end of the year, the company issued bonds payable for $9,970 cash. The bonds will mature on December 31, 2017. The company paid $22,810 in cash dividends for the year. (a) Your answer is correct. Calculate the following amounts: a. Collections from customers 127,260 b. Payments to suppliers 69,970 c. Payments to employees 19,750 d. Payments for operating expenses 25,300 e. Payments for income taxes 1,310 SHOW ANSWER LINK TO TEXT Attempts: 1 of 1 used (b) Using the direct method, prepare Addison Control's statement of cash flows for 2013. (If amount decreases cash flow then enter with a negative sign preceding the number or parenthesis, e.g. -15,000 or (15,000).) Addison Controls Statement Of Cashflows For The Year Ended December 31, 2013 $ Net cash activities by $ Net cash by activities Net cash by activities $

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