Question

Saved -k Chapter 21 0 The comparative balance sheets for 2018 and 2017 and the statement of income for 2018 are given bele Additional information from Dux's accounting records is provided also. DUX COMPANY Comparative Balance Sheets December 31, 2018 and 2017 ($ in 0005) 2018 2017 $ $ 33 48 (4) 20 50 (3) Assets Cash Accounts recutivable Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment Less: Accumulated depreciation 55 15 70 225 (25) $ 420 50 10 40 250 (50) $ 369 $ 13 $ 20 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Comenon stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 9570 (2) (3) 210 24 45 (8) $ 420 200 20 47 $ 369 DUX COMPANY Income Statement For the Year Ended December 31, 2018 ($ in 000) Revenues Sales revenue $ 200 Dividend revenue - 3 $ 203 Expenses Cost of goods sold 120 Salaries expense 25 Depreciation expense Bad debt expense Interest expense Loss on sale of building Income tax expense 16 178 Net income Additional Information from the accounting records < Prex 7 of 7 Nex esc a Search or type URL

please try to fill in all rows.

Answer 1

	STATEMENT OF CASH FLOW
		Amount in $	Amount in $
	Net income		$                      25
	Cash flows from operating activities
	Adjustment for non cash effects:
	Depreciation Expenses	$                        5
	Amortization Discount	$                        1
	Loss on the sale of Building	$                        3
	Changes in Operating assets and liabilities:
	Decrease in Account receivables	$                        2
	Increase in dividend receivable	$                      -1
	Increase in Inventory	$                      -5
	Decrease in Account Payable	$                      -7
	Decrease in salaries Payable	$                      -3
	Increase in interest payable	$                        2
	Decrease in income tax payable	$                      -1
	Increase in Allowance for uncollectibles	$                        1
	Interest Payable
			$                      -3
	Net cash from operating activities		$                      22
	Cash flows from investing activities
	Sale of Building	$                        7
	Purchase of Equipment	$                    -15
	Purchase of long term investment	$                      -5
	Net cash used in investing activities		$                    -13
	Cash flows from Financing activities
	Sales of Bond Payable	$                      25
	Payment of Cash Dividends	$                    -13
	Purchase of Treasury Stock	$                      -8
	Net cash used in financing activities		$                        4
	Net increase in cash and cash equivalents		$                      13
	Add :Cash and cash equivalents at beginning of period		$                      20
	Cash and cash equivalents at end of period		$                      33