ome Insert Draw Design Layout A A BI Uvab x x A V Paste PROBLEMS Courier Sales Cost of Goods Sold Gross Profit 1. Terry company's 2022 income statement and comparative balance sheets at December 31 of 2021 and 2022 are shown. Net Income Assets Wages Expenses Depreciation Expense Other Operating Expenses Income Tax Expense V 12 Total Assets Cash Accounts Receivable (net) Inventory Prepaid Expense Plant Assets Accumulated Depreciation Total Liabilities and Terry Company Income Statement For the year Ended December 31, 2022 Page 1 of 3 Stockholders' Equity $ 390,000 235,000 $ 63,000 14,000 26,000 17,000 Dec. 31, 2021 $ 16,000 28,000 Liabilities and Stockholders' Equity Accounts Payable Wages Payable Income Tax Payable Common Stock Retained Earnings Terry Company Balance Sheets 110,000 12,000 178,000 (76,000) $ 268,000 References $ 27,000 6,000 3,000 135,000 97,000 $ 268,000 IX 390 words $ 155,000 Aav P D Av v 120,000 $ 35,000 Dec. 31, 2022 $ 30,000 35,000 84,000 8,000 130,000 (62,000) $225,000 $ 14,000 2,500 4,500 125,000 79,000 $ 225,000 English (United States) Mailings I Review V Accessibility: Good to go View

1. Temy company's 2022 income statement and comparative balance sheets at December 31 of 2021 and 2022 are shown. Temy Company Income Statement For the year Ended December 31, 2022 Terty Company Balance Shects Lhabilities and Stockholders' Equity Cash divilends of $17,000 were declared and paid during 2020 . Plamel assets of $48,000 were purchased for cash, and later in the year, an additional $10,000 common stock was issucd for cash REQUIRED Prepare. only, the Cash Flows from Operations section of the Cash Flow Statement using the indirect method Reminder: you need osly prepare the Cash Flow from Operations section of the statement 2. On January 1 Criquct Co, acquired an interest in the Tamlec Ca. for 5500,000,A A December 31. Tambec Co. declared and paid a eash dividend of $50,000 and tepoited a net tisome of $160,000. REOTIRED: Prepare the joumal entries for the Criquet Co. under each of the independent circumstances: a. Criquet Co. acquires a 10% inferent in the Tamalee Co. b. Crigust Co. acquires a 25% interest in the Tatalse Co