Question: Please answer this 4 steps ASAP pleaseee Sketchers Corporation's recent comparative balance sheet and income statement follow. Balance Sheets, December 31 2019 Assets CashandcashequivalentsAccountsreceivable(net)MerchandiseinventoryInvestments,long-termPlantassetsAccumulateddepreciationTotalassets$39,00068,000156,000337,000(88,000)$512,000$63,80072,200152,00020,000361,000(74,000)$595,000$24,8004,200(4,000)20,00024,00014,000 Liabilities

Please answer this 4 steps ASAP pleaseee  Please answer this 4 steps ASAP pleaseee Sketchers Corporation's recent comparative
balance sheet and income statement follow. Balance Sheets, December 31 2019 Assets

Sketchers Corporation's recent comparative balance sheet and income statement follow. Balance Sheets, December 31 2019 Assets CashandcashequivalentsAccountsreceivable(net)MerchandiseinventoryInvestments,long-termPlantassetsAccumulateddepreciationTotalassets$39,00068,000156,000337,000(88,000)$512,000$63,80072,200152,00020,000361,000(74,000)$595,000$24,8004,200(4,000)20,00024,00014,000 Liabilities and Stockholders' Equity AccountspayableSalariespayableIncometaxespayableInterestpayableBondspayable,issuedatfacevalueCommonstock,no-parRetainedearningsTotalliabilitiesandstockholdersequity$45,0003,0004,0005,000200,000240,00015,000$512,000$40,0001,0007,0005,000200,000311,00031,000$595,000(5,000)(2,000)3,0000071,00016,000 Income Statement For Year Ended December 31, 2020 Sales revenue $240,000 Cost of goods sold (144,000) Additional information: 1. Purchased a plant asset, $60,000; issued capital stock in full payment. 2. Purchased a long-term investment in equity securities accounted for cash, $20,000. 3. Declared and paid a cash dividend, $20,000. 4. Sold plant asset for $10,000 cash (cost, $36,000; accumulated depreciation, $26,000 ). 5. Sold capital stock, 1,000 shares at $11 per share cash. Note: Do not use either the positiveegative sign or the dollar sign with your answers. Required: 1 Net cash provided by operating activities using the indirect method is \$ 2 Net cash used by investing activities is $ 3 Cash collected from customers, under the direct method, is $ 4 Cash paid for income taxes, under the direct method, is $

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

\f