Statement of Cash Flows (Partial) Cash flows from operating activities Receipts from customers $ $ 1,797,500 Payments for salaries (249,035) Payments for rent (49,600) Payments for utilities (18,125) Payments for inventory (966,000) Net cash provided by operating activities 514 7Ao %24 %24
Statement of Cash Flows (Partial) Cash flows from operating activities Receipts from customers $ $ 1,797,500 Payments for salaries (249,035) Payments for rent (49,600) Payments for utilities (18,125) Payments for inventory (966,000) Net cash provided by operating activities 514 7Ao %24 %24
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Statement of Cash Flows (Partial)
Cash flows from operating activities
Receipts from customers
$ 1,797,500
Payments for salaries
(249,035)
Payments for rent
(49,600)|
Payments for utilities
(18,125)
Payments for inventory
(966,000)
$
514,740
Net cash provided by operating activities
%24
%24](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82e2bcdd-cdcf-4c83-998e-22b7f0f7c0c3%2F559fbc83-251b-4cb3-9401-2b81fb7fd2c4%2Fh88ths_processed.png&w=3840&q=75)
Transcribed Image Text:Statement of Cash Flows (Partial)
Cash flows from operating activities
Receipts from customers
$ 1,797,500
Payments for salaries
(249,035)
Payments for rent
(49,600)|
Payments for utilities
(18,125)
Payments for inventory
(966,000)
$
514,740
Net cash provided by operating activities
%24
%24
![SONAD COMPANY
Income Statement
For Year Ended December 31
$ 1,828,000
991,000
Sales
Cost of goods sold
Gross profit
Operating expenses
837,000
$ 245,535
44,200
49,600
4,200
18,125
Salaries
expense
Depreciation expense
Rent expense
Amortization expenses-Patents
Utilities expense
361,660
475,340
Gain on sale of equipment
6,200
$ 481,540
Net income
$ 30,500 increase Accounts payable
25,000 increase Salaries payable
$ 12,500 decrease
3,500 decrease
Accounts receivable
Inventory](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F82e2bcdd-cdcf-4c83-998e-22b7f0f7c0c3%2F559fbc83-251b-4cb3-9401-2b81fb7fd2c4%2Fxr7i1uh_processed.png&w=3840&q=75)
Transcribed Image Text:SONAD COMPANY
Income Statement
For Year Ended December 31
$ 1,828,000
991,000
Sales
Cost of goods sold
Gross profit
Operating expenses
837,000
$ 245,535
44,200
49,600
4,200
18,125
Salaries
expense
Depreciation expense
Rent expense
Amortization expenses-Patents
Utilities expense
361,660
475,340
Gain on sale of equipment
6,200
$ 481,540
Net income
$ 30,500 increase Accounts payable
25,000 increase Salaries payable
$ 12,500 decrease
3,500 decrease
Accounts receivable
Inventory
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