Question: Please can you answer step by step with calculations ? P1-68B (Learning Objective 4: Analyzing a company's financial statements) Summarized verstons of Espinola Corporation's financial
Please can you answer step by step with calculations ? P1-68B (Learning Objective 4: Analyzing a company's financial statements) Summarized verstons of Espinola Corporation's financial statements follow for two recent years 20x720x6 Income Statement E5,250 11,070 Cost of goods sold Other expense [ncome before income taxes. Income taxes (35% tax rate) 1,830 641 1,500 Striment of Changes ia Equity e360 Beginning balance Sbares bought back Ending balance Balance Sheet Assets: Casb Property, plant andquiment 1,750 10.404 Total assesS3419 Other aseets Carrent liabilinieE5,690 300:3,340 Notes payable and Ocher liabilitics loag term debt.5 Tocal liabilities Shareholders"Equity 9,250 f Share E46040 Retained earnings sbareholders' eqaity Total labibe and shareboders equlity Cash Flows Stateneide Net cash used investing activities......................- Net cash provided by operating activitisE 850 2401 Net cash used in fnancing acnivities560 (90) (325) Increase (decrease) in cash. Casl at beginning of yea Cash at end of year 1,230 I Requirement 1. Complee Espinola Corporation's financial statenerits by determinting the mising amouns denoted by the letiers
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