Question: Please help me out Saved Help Save & Exit Submit Statement of Cash Flows For the Year Ended December 31, 20XX Operating Activities: Net income

Please help me out Please help me out Saved Help Save & Exit Submit Statement of

Cash Flows For the Year Ended December 31, 20XX Operating Activities: Netincome Add items not requiring an outlay of cash: Amortization expense V

Saved Help Save & Exit Submit Statement of Cash Flows For the Year Ended December 31, 20XX Operating Activities: Net income Add items not requiring an outlay of cash: Amortization expense V Cash flow from operations Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses v Net Change in non-cash working capital Cash provided by operating activities Investing activities: Decrease in investments Increase in plant and equipment Cash used in Investing activities Financing activities: Increase in bonds payable Preferred stock dividends paid Common stock dividends paid EFT WYWIETTER Cash used in financing activities Net increase in cash Cash, beginning of year $ Cash. end of vear g 1) MacBook Air Saved Help Save & Exit Submit Given is the income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Maris Corporation: Maris Corporation Income Statement Year Ended December 31, 20xx Sales Cost of goods sold $3,900,000 2,325,000 Gross profits Selling and administrative expense Amortization expense 1,575,000 550,000 210,000 Operating income Interest expense 815,000 44,000 Earnings before taxes Taxes 771,000 450,000 Earnings after taxes 321,000 Preferred stock dividends 30,000 Earnings available to common shareholders $291,000 Shares outstanding Earnings per share 291,000 $1.00 Statement of Retained Earnings For the Year Ended December 31, 20XX Retained earnings, balance, January 1, 20XX Add: Earnings available to common shareholders, 20XX Deduct: Cash dividends declared and paid in 20XX $840,000 291,000 150,000 Retained earnings, balance, December 31, 20xx $981,000 O LA ve Comparative Balance Sheets For 20XX and 20xw December 31, 20XX December 31, 20XW Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses $120,000 550,000 650,000 30,000 $105,000 538,000 625,000 60,000 Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated depreciation 1,350,000 100,000 1,328,000 109,000 2,200,000 975,000 1,800,000 765,000 Net plant and equipment 1,225,000 1,035,000 Total assets $2,675,000 $2,472,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses $419,000 500,000 35,000 $387,000 500,000 55,000 954,000 942,000 Total current liabilities Long-term liabilities: Bonds payable, 20XY 150,000 100,000 1,104,000 1,042,000 Total liabilities Shareholders' equity: Preferred stock Common stock Retained earnings 90,000 500,000 981,000 90,000 500,000 840,000 1,571,000 1,430,000 Total shareholders' equity $2,472,000 $2,675,000 Total liabilities and shareholders' equity MacBook Air

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