Question: Preparing the Financial Statements Listed below are items reported on the financial statements of the Irvine Company as of June 30, 2019: Cash flow provided

Preparing the Financial Statements Listed below are items reported on the financial statements of the Irvine Company as of June 30, 2019: Cash flow provided by operating activities $39.000 Cash atjune 30, 2018 8,000 Cash atjune 30, 2019 38.000 Inventory 5,500 Accounts receivable 15.200 Cash flow from investing activities (10,300) Other current assets 1.500 Property, plant and equipment 60.000 Other long-term assets 17.500 Cash flow from financing activities 1.300 Current liabilities 24,000 Long-term liabilities 16.250 Intangible assets 9.500 Common stock 60,000 Retained earnings 2 Prepare a classified balance sheet as of June 30, 2019, and statement of cash flows for 2019. NOTE: Use negative signs with your answers if shown in the above table as a negative number. Balance Sheet Statement of Cash Flows Assets Current Assets: $ IRVINE COMPANY Balance Sheet June 30, 2019 Liabilities & Stockholders Equity Liabilities: 0 Long-term Liabilities 0 0 Total Liabilities 0 Stockholders' Equity . . 0 ( 0 0 Inventory o 0 Total Current Assets Long-term Assets: 0 0 Intangible Assets 0 Total Stockholders' Equity o o OO 0 0 Total Long-term Assets Total Assets olo $ 0 Total Liabilities and Stockholders Equity 5 0
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