The comparative balance sheets for Drake Company appear below:Drake Inc.Comparative Balance SheetsDecember 31Assets 2014 2013Cash 41000 35000Accounts Receivable 75000 53000Inventories 120000 132000Prepaid Expenses 19000 25000Investments 100000 75000Plant assets 325000 250000Accumulated Depreciation (65000) (60000)Total Assets 615000 510000Liabilities & EquityAccounts Payable 93000 75000Accrued Expenses 29000 24000Bonds Payable 120000 160000Common Stock 275000 170000Retained Earnings 98000 81000Total Liabilities & Equity 615000 510000Drake Inc.Income StatementFor the Year Ended December 31 2014Sales 450000Cost of Goods Sold 300000Gross Margin 150000Less:Operating Expenses 60000Depreciation Expense 17000Income Taxes 20000Interest Expense 18000Loss on sale of plant assets 3000 118000Net Income 32000Additional information1. New plant assets costing $100000 were purchased with cash.2. Investments were purchased with cash.3. Old plant assets costing $25000 and with a book value of $13000 were sold for $10000 cash.4. Bonds with a face value of $40000 were converted into $40000 par value of common stock.5. Common stock was issued for cash.6. A cash dividend of $15000 was declared and paid during the year.RequiredPrepare a statement of cash ows for the year using the indirect method.
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BENCHMARK – EFFECTS OF CHILDHOOD TRAUMA WORKSHEET
Academic Level University Subject Healthcare Type of Paper Other (Not listed) Paper Format APA Assessment Traits Benchmark Requires Lopeswrite Assessment Description Complete the “Effects of Childhood Trauma Worksheet” document attached. While APA format is not Read more…