Cash Flow Pr. 16-4A

Cash Flow Pr. 16-4A - (32,000) Income before income taxes...

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Rucker Photography Products, Inc. Rucker Photography Products, Inc. Cash Flow Worksheet, 2010 Income Statement, FYE 2010 2009 Dr. Cr. 2010 Sales 2,990,000 Assets: Cost of goods sold 1,226,000 Cash 339,700 321,700 Gross profit 1,764,000 Accounts receivable (net) 273,700 283,400 Operating Expenses: Inventories 491,400 505,500 Depreciation expense 22,000 Investments 120,000 - Other operating expense 1,550,000 Land - 260,000 Total operating expenses 1,572,000 Equipment 340,000 440,000 Income from operations 192,000 Accumulated Depreciation (100,200) (122,200) Other income and expense: Total Assets 1,464,600 1,688,400 Loss on Sale of Investments
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Unformatted text preview: (32,000) Income before income taxes 160,000 Liabilities: Income tax expense 51,400 Accounts payable 374,200 385,900 Net Income 108,600 Accrued expenses payable 35,400 31,700 Dividends payable 3,200 4,400 Total Liabilities 412,800 422,000 Stockholder's Equity: Common Stock ($1 par) 16,000 20,000 Paid in capital in excess of par 96,000 208,000 Retained earnings 939,800 1,038,400 Total Stockholder's Equtiy 1,051,800 1,266,400 Total Liabilities & Stkhldr. Eq. 1,464,600 1,688,400 Cash Flows: From Operating Activities: From Investing Activities: From Financing Activities:...
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This note was uploaded on 02/11/2012 for the course BUSINESS 130 taught by Professor Mccormack during the Spring '10 term at Berea.

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