Select data from the income statement of cash flows for

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Reference no: EM13569413

Select data from the income statement of cash flows for Beer Co. for hear ending in 12/31/XX

Income statement data:

Net Earnings 1,400,000

Depreciation 300,000

Amortization on Patent 10,000

Gain on sale of piece of equipment 5,000

Statement of cashflows data

Cash 01/01/XX 2,333,000

Cash 12/21/XX 2,053,000

Cash Paid to retire bonds 1,000,000

Cash Recieved from bond sale to purchase land 1,100,000

Decrease in prepaid expenses 10,000

decrease in tax payable 35,600

increase in accounts payable 27,000

increase in wages payable 82,000

increase in merchandise inventory 43,000

purchase of building from bond proceeds & operating cash 2,300,000

Sold a piece of equipments with a cost of 150,000 and accum. depreciation of 127,000 28,0000

Prepapre statement ending cash balance is 1,859,600.

Reference no: EM13569413

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