Prepare the Cash Flow for the year 2021 Total Liabilities and EquityINCOME STATEMENTNet Operating RevenuesCost of goods soldGross ProfitDepreciationOperating ExpensesOperating IncomeInterest (income) expenseIncome Before Income TaxesIncome TaxNet IncomeADDITIONAL INFORMATIONPurchasesPreferred dividendOutstanding common sharesCommon dividendMarket priceReturn on Equity2,705,89020202,228,2431,325,308902,93581,098602,415219,42321,450197,97359,392138,5811,303,803275 $13,7504.40 $165.00 $5.50%$$3,008,22820212,510,5301,489,0701,021,46086,708673,420261,33326,125235,20870,562164,6451,510,57527516,5005.23154.005.44% BALANCE SHEETASSETSCurrent AssetsCash and cash equivalentsAccounts ReceivablesInventoriesTotal Current AssetsNon-Current AssetProperty, plant and equipment - netTotal AssetsLiabilitiesCurrent LiabilitiesAccounts payableLoans and notes payableTotal Current LiabilitiesLong-term debtTotal LiabilitiesStockholders EquityCommon stockReinvested earningsStockholders Equity2020162,003578,848343,3101,084,1601,621,7302,705,890356,098141,928498,025476,823974,848100,5131,630,5301,731,0432021Differen311,055 149,053598,455 19,608364,815 21,5051,733,903 112,1733,008,228418,27562,178192,280 50,353610,555588,473 111,6501,199,028100,5131,708,688 78,1581,274,3251,809,200

Statement of Cash Flow - Statement of Cash Flow shows the increase and Decrease in the cash flow for…

Total Liabilities and Equity INCOME STATEMENT Net Operating Revenues Cost of goods sold Gross Profit Depreciation Operating Expenses Operating Income Interest (income) expense Income Before Income Taxes Income Tax Net Income ADDITIONAL INFORMATION Purchases Preferred dividend Outstanding common shares Common dividend Market price Return on Equity 2,705,890 2020 2,228,243 1,325,308 902,935 81,098 602,415 219,423 21,450 197,973 59,392 138,581 1,303,803 13,750 $ 275 $ 4.40 $ 165.00 $ 5.50% 3,008,228 2021 2,510,530 1,489,070 1,021,460 86,708 673,420 261,333 26,125 235,208 70,562 164,645 1,510,575 275 16,500 5.23 154.00 5.44%

Total Liabilities and Equity INCOME STATEMENT Net Operating Revenues Cost of goods sold Gross Profit Depreciation Operating Expenses Operating Income Interest (income) expense Income Before Income Taxes Income Tax Net Income ADDITIONAL INFORMATION Purchases Preferred dividend Outstanding common shares Common dividend Market price Return on Equity 2,705,890 2020 2,228,243 1,325,308 902,935 81,098 602,415 219,423 21,450 197,973 59,392 138,581 1,303,803 13,750 $ 275 $ 4.40 $ 165.00 $ 5.50% 3,008,228 2021 2,510,530 1,489,070 1,021,460 86,708 673,420 261,333 26,125 235,208 70,562 164,645 1,510,575 275 16,500 5.23 154.00 5.44%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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