Cash Flow Pr. 16-5B

Cash Flow Pr. 16-5B - (6,000) 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 1,134,900 Assets: Cost of goods sold 698,400 Cash 28,200 41,600 Gross profit 436,500 Accounts receivable (net) 110,700 121,900 Operating Expenses: Inventories 170,500 175,600 Depreciation expense 8,700 Investments 60,000 - Other operating expense 289,800 Land - 174,000 Total operating expenses 298,500 Equipment 210,600 258,000 Income from operations 138,000 Accumulated Depreciation (49,600) (58,300) Other income and expense: Total Assets 530,400 712,800 Loss on Sale of Investments
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Unformatted text preview: (6,000) Income before income taxes 132,000 Liabilities: Income tax expense 52,800 Accounts payable 114,200 121,000 Net Income 79,200 Accrued expenses payable 15,800 18,000 Dividends payable 12,000 15,000 Total Liabilities 142,000 154,000 Stockholder's Equity: Common Stock ($1 par) 60,000 67,200 Paid in capital in excess of par 120,000 264,000 Retained earnings 208,400 227,600 Total Stockholder's Equtiy 388,400 558,800 Total Liabilities & Stkhldr. Eq. 530,400 712,800 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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