Prepare a Sources and Uses Statement for ANDROID for 2021 Prepare a Cash Flow Statement for...

 

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● ● Prepare a Sources and Uses Statement for ANDROID for 2021 Prepare a Cash Flow Statement for ANDROID for 2021 ANDROID CORP. BALANCE SHEET Cash Accounts receivable Inventories Total current assets Land Buildings Equipment Patents Less: Accumulated depreciation Total assets Accounts payable to suppliers Income taxes payable Total current liabilities Long term debt Total liabilities Shareholders' equity Common stock Retained earnings otal shareholders' equity otal liabilities and shareholders' equity 2020 2021 $47,500 $76,700 0 43,100 49,000 36,500 96,500 156,300 15,800 15,800 103,600 164,600 63,200 65,500 5,200 5,200 10,800 12,200 273,500 395,200 Sales Cost of goods sold Depreciation expense Net interest expense 125,400 177,400 0 47,200 125,400 224,600 273,500 395,200 48,000 25,900 0 10,700 48,000 36,600 100,100 134,000 148,100 170,600 Dividends paid INCOME STATEMENT Other expense Income before taxes Provision for income taxes Net income Addition to retained earnings 2021 165,300 46,200 1,400 2,000 5,600 110,100 40,900 69,200 22,000 47,200 ● ● Prepare a Sources and Uses Statement for ANDROID for 2021 Prepare a Cash Flow Statement for ANDROID for 2021 ANDROID CORP. BALANCE SHEET Cash Accounts receivable Inventories Total current assets Land Buildings Equipment Patents Less: Accumulated depreciation Total assets Accounts payable to suppliers Income taxes payable Total current liabilities Long term debt Total liabilities Shareholders' equity Common stock Retained earnings otal shareholders' equity otal liabilities and shareholders' equity 2020 2021 $47,500 $76,700 0 43,100 49,000 36,500 96,500 156,300 15,800 15,800 103,600 164,600 63,200 65,500 5,200 5,200 10,800 12,200 273,500 395,200 Sales Cost of goods sold Depreciation expense Net interest expense 125,400 177,400 0 47,200 125,400 224,600 273,500 395,200 48,000 25,900 0 10,700 48,000 36,600 100,100 134,000 148,100 170,600 Dividends paid INCOME STATEMENT Other expense Income before taxes Provision for income taxes Net income Addition to retained earnings 2021 165,300 46,200 1,400 2,000 5,600 110,100 40,900 69,200 22,000 47,200

Answer rating: 100% (QA)

Sources and Uses Statement This statement essentially shows where the company obtained its funds from sources and how it spent them uses during the ye... View the full answer