Question: I need help with making a cash flow statement. The picture below is the information that is given. D Company's Year 2 Income Statement: Other
I need help with making a cash flow statement. The picture below is the information that is given.
D Company's Year 2 Income Statement: Other Information: $ Sales COGS Gross Margin Op. Expenses Op. Income Loss on Disposal Income Before Taxes Taxes Net Income 900,000 585,000 315,000 216,000 99,000 10,000 89,000 35,000 54,000 a. Equipment that had cost 80,000 and on which had 40,000 of accumulated deprec- iation was sold in Year 2 for 30,000 cash. b. Replacement equipment was purchased for 225,000 in cash. C. Depreciation Expense was 65,000. d. Cash dividends of 29,000 were paid in the current year. $ omparative Balance Sheets for Two (2) Years: ssets Cash A/R Inventory Prepaids Total Current Assets Year 2 15,000 105,000 200,000 25,000 345,000 Year 1 35,000 80,000 110,000 10,000 235,000 25,000 25,000 Long Term Investments Property, Plant & Equipment Accum. Depreciation Net Property, Plant & Equipm 430,000 (105,000) 325,000 285,000 (80,000) 205,000 $ 695,000 $ Total Assets 465,000 abilities A/P Accrued Liabilities Total Current Liabilities 145,000 25,000 170,000 95,000 40,000 135,000 160,000 100,000 Long Term Debt 330,000 235,000 Total Liabilities quity Common Stock Retained Earnings Total Owners' Equity 250,000 115,000 365,000 140,000 90,000 230,000 $ 695,000 $ 465,000 Total Liabilities & Equity
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