Question: please don't answer on paper! also, please use whole numbers. Johnston Enterprises Balance Sheet and Income Statement Data December 31 2020 December 31, 2019 Current

please don't answer on paper! also, please use whole numbers.
please don't answer on paper! also, please use whole numbers. Johnston Enterprises
Balance Sheet and Income Statement Data December 31 2020 December 31, 2019
Current Assets Accounts Receivable Inventory Total Current Assets $153,000 238.000 391.000 782.000

Johnston Enterprises Balance Sheet and Income Statement Data December 31 2020 December 31, 2019 Current Assets Accounts Receivable Inventory Total Current Assets $153,000 238.000 391.000 782.000 $119,000 306 000 340.000 765.000 Property. Plant, and Equipment Less: Accumulated Depreciation Total Assets 1.241.000 (476.000) $1.547.000 1,122.000 (442.000 $1.445.000 Current Liabilities: Accounts Payable $187.000 $102.000 Notes Payable 51,000 68,000 Income Taxes Payable 85.000 76,500 Total Current Liabilities 323,000 246,500 Bonds Payable 340.000 391 000 Total Liabilities 663.000 637.500 Stockholders' Equity Common Stock 510,000 467,500 Retained Earnings 374.000 340.000 Total Stockholders' Equity BB4000 807,500 Total Liabilities & Stockholders' Equity $1,547.000 $1.445,000 Sales Revenue 1,615,000 $1,513,000 Less Cost of Goods Sold 751.000 731.000 Gross Profit 864,000 782,000 Expenses: Depreciation Expense 153,000 138,000 Salaries and Wages Expense 391,000 357,000 Interest Expense 34 000 34,000 Loss on Sale of Equipment 12.000 Income Before Taxes 274,000 255,000 Less Income Tax Expense 110.000 102.000 Net Income $164.000 $153.000 Additional Information: During the year, Johnston sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000. Required: Complete the statement of cash flows on the next page for your solution. Johnston Enterprises Statement of Cash Flows For the Year Eaded December 31, 2020 Elasthan

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