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Question 4 (40 scores) Condensed financial data of Monopoly Corporation appear below Monopoly Corporation Comparative Balance Sheet December 31 Assets $28,000 32,000 70,000 2,000 200,000 $44,000 Accounts receivable Inventories Prepaid rent Property, plant, and equipment Accumulatod depreciation 224,000 Total assets Liabilities and Stockholders Equity Accounts payable Accrued liabilities $38,000 10,000 130,000 $34,000 12,000 150,000 Notes payable (long term)
Contributed capital Retained carnings Total liabilities and stockholders equity 50,000 25,000 Income Statement Year Ended December 31 Sales $477,500 Cost of goods sold 94,000 Interest expense Income tases 9,000 D425.000 52,500 Net income Monopoly Corporstion Cash Flow Satmen Year End December 31 Cash Flows from Operating Activitis Net income Adjustments to reconcile net income to met cash provided by 52.500 15,000 Changes in current assets and curent liabilities Accounts Receivable (4,000) Prepaid Expenses 4,000 Accounts Payable Accrued Liabilities Net cash provided by (used in) operating ativitie Cash flows from investing activities Purchase of property,plan, and eqipment Net cash provided by (used in) investing activities 000) Financing activities
Additional capital contributed by stockholders Payments on long-term debt (20,000) Payment of cash dividends Net cash provided by (used in) financing activities Increase in cash and cash equivalents Cash and cash equivalents, beginning of period Cash and cash equivalents, end of period 16,000 28,000 $44,000 A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for the missing numbers and summarize your answers in the table below. Be sure to indicate in parentheses ) if the missing number is negative (that is, a cash outflow).
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Al Accounts receivable 本32060 $36220 C) ca y.ast upd Dep reciasion yoovo Depeca Expense Sopo b) Lnceme tax expens 25000 $ 179190 Espeaid Expense Ccasy Htas stadtemeut closin Belan ) Arered liabilities (Cash flono słatesent) closths Belansle0ooSteckh ololus 525o FD -Dividend-poud ( 10000) Net cash

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