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.