Question: please help! Problem 4 (12 points) Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows


Problem 4 (12 points) Selected financial statement information and additional data for Johnston Enterprises is presented below. Prepare a statement of cash flows for the vear ending December 31, 2020, Johnston Erries Balance sheet and income statement Data December 31, Current Assets 2020 December 31 Accounts Receivable Driverton Total Current Assets $150.000 238.000 391.000 5119.000 308 000 wo 1,241,000 1.122 000 Property. Plant, and Equipment Less: Accumulated Depreciation Total Assets Current Liabetes Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities 31.445.000 $187.000 51.000 $102,000 58.000 55.000 323,000 246 500 Bonds Payable Total Liabilities 340.000 8632.000 391.000 6374500 Stockholders' Equity Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities & Stockholders' Equity 510.000 374.000 884.000 31.547009 467,500 340.000 B07.50 $1.445.000 Peynolds MeNeil idian Division of Busi Dr. Will 1,615,000 751.000 884.000 dents $1,513 000 731.000 782 000 Sales Revenue Less Cost of Goods Sold Gross Profit Expenses: Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment Income Before Taxes Less Income Tax Expense Net Income 135 000 357.000 34 000 153,000 391 000 34 000 12.000 274,000 110.000 $164.000 255,000 102.000 $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. 21. an Staff Heat Merida Division of Bus Dr. Stacey Reynolds MeNeil -news New Students
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