Question: Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [The following information applies to the

Required information Reporting Amounts on the Four Basic Financial Statements and Evaluating Financial Statements [LO 1-2, LO 1-3] [The following information applies to the questions displayed below.] Garmin Limited, reported the following information for the six-month period ended June 29, 2019. Items are listed alphabetically and are in thousands of dollars. Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2019) Cash (June 29, 2019) Common Stock Dividends Equipment $ 1,027,700 584,000 69,000 1,383,000 1,060,000 1,510,000 309,000 3,065,000 Income Tax Expense 78,000 Inventory 648,000 Notes Payable 347,300 Office Expense 656,000 Operating Expenses: 693,000 Retained Earnings (January 1, 2019) 2,725,000 Sales Revenue 1,720,000 Supplies 168,000 Other cash flow information: Cash paid to purchase equipment Cash received from issuing common stock Cash paid to suppliers and employees Cash received from customers Cash received from sale of long-term assets Dividends paid to stockholders. $ 57,000 529,000 1,431,000 1,706,000 183,000 309,000
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