- Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows. EEE...
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- Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows. EEE (Click the icon to view the financial statements.). Requirement 1. Complete Heartsong Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities 2022 (in Thousands) 13900 $ 11,110 1,230 1,560 546 1014 3968 $ 1014 (88) 4894 13800 1,517 4015 $ 4,250 985 $ 9,250 2021 15,750 12710 1,220 1,820 637 1183 2,770 1378 (110) 3968 1585 1,356 11,407 14,348 5,620 3,330 1,130 10080 Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows (Click the icon to view the financial statements.) Requirement 1. Complete Heartsong Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities. Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year $ $ (wy 4894 13800 1,517 $ 4015 S 4,250 985 9,250 325 $ 210 680 $ (220) (560) (100) 3968 1585 1,356 11,407 14,348 5,620 3,330 1,130 10080 325 100 4,268 5812 1,100 (325) (470) 305 1,280 work: End of Data table Income Statement Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends declared Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings. Other stockholders' equity Print 2022 (in Thousands) Done 11,110 1,230 1,560 $ $ Sk$ 15,750 Sm 2021 Sn 5 0 (88) Sp $q 1,517 r 4,250 985 1,220 1,820 637 Se 1,356 11,407 $s$ 14,348 9,250 Sb 2,770 u 210 St$ 5,620 3,330 1.130 325 $ C (110) Sd I St 325 9 100 X vo re the boar are - Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows. EEE (Click the icon to view the financial statements.). Requirement 1. Complete Heartsong Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Income Statement Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities 2022 (in Thousands) 13900 $ 11,110 1,230 1,560 546 1014 3968 $ 1014 (88) 4894 13800 1,517 4015 $ 4,250 985 $ 9,250 2021 15,750 12710 1,220 1,820 637 1183 2,770 1378 (110) 3968 1585 1,356 11,407 14,348 5,620 3,330 1,130 10080 Summarized versions of Heartsong Corporation's financial statements for two recent years are as follows (Click the icon to view the financial statements.) Requirement 1. Complete Heartsong Corporation's financial statements by determining the missing amounts denoted by the letters. If necessary, round numbers up to the nearest whole dollar. (Round the tax calculation to the nearest thousand dollars. Use parentheses or a minus sign when entering a net decrease in cash) Dividends Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities. Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings Other stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Cash Flow Statement Net cash provided by operating activities Net cash used in investing activities Net cash used in financing activities Increase (decrease) in cash Cash at beginning of year Cash at end of year $ $ (wy 4894 13800 1,517 $ 4015 S 4,250 985 9,250 325 $ 210 680 $ (220) (560) (100) 3968 1585 1,356 11,407 14,348 5,620 3,330 1,130 10080 325 100 4,268 5812 1,100 (325) (470) 305 1,280 work: End of Data table Income Statement Revenues Cost of goods sold Other expenses Income before income taxes Income taxes (35%) Net income Statement of Retained Earnings Beginning balance Net income Dividends declared Ending balance Balance Sheet Assets Cash Property, plant, and equipment Other assets Total assets Liabilities Current liabilities Long-term debt Other liabilities Total liabilities Stockholders' equity: Common stock Retained earnings. Other stockholders' equity Print 2022 (in Thousands) Done 11,110 1,230 1,560 $ $ Sk$ 15,750 Sm 2021 Sn 5 0 (88) Sp $q 1,517 r 4,250 985 1,220 1,820 637 Se 1,356 11,407 $s$ 14,348 9,250 Sb 2,770 u 210 St$ 5,620 3,330 1.130 325 $ C (110) Sd I St 325 9 100 X vo re the boar are
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Related Book For
Corporate Financial Accounting
ISBN: 9781337398169
15th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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