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Mode : This shows what is correct or incorrect for the work you have Refer to...

Question:
mode : This shows what is correct or incorrect for the work you have Refer to the following financial statements for Crosby C
my work mode : This shows what is correct or incorrect for the work you have Shares outstanding Earnings per share 150,000 0.
Return Comparative Balance Sheets For 2x1 and 2x2 Year-End 2ext Year-End zex2 $ 146,000 5e2,000 639, eee 62,200 $1,349,200 97
Return $ 309,000 542,690 79,000 $ 930,000 $ 637,000 542,600 50,680 $1,229,600 Liabilities and Stockholders Equity Current li
75,500 OOOOO For the Year Ended December 31, 20X2 Cash flows from operating activities: Net income S Adjustments to determine
$ $ 325,000 400,500 Decrease in accrued expenses Total adjustments Net cash flows from operating activities Cash flows from i
mode : This shows what is correct or incorrect for the work you have Refer to the following financial statements for Crosby Corporation: CROSBY CORPORATION Income Statement For the Year Ended December 31, 20x2 Sales $ Cost of goods sold Gross profit $ Selling and administrative expense Depreciation expense Operating income $ Interest expense Earnings before taxes $ Taxes Earnings after taxes $ Preferred stock dividends Earnings available to common stockholders $ Shares outstanding Earnings per share $ 3,550, eee 2,280,000 1,270, eee 723,800 268, eee 279,800 88,500 199,5ee 115, eee 75,500 10,000 65,5ee 150,000 0.44 Statement of Retained Earnings For the Year Ended December 31, 20x2 Retained earnings, balance, January 1, 2ex2 Add: Earnings available to common stockholders, 28x2 $1,379, see 65,5ee 17 000 SW < Prev 8 of 17 Next > e here to search 이 바 e pfm-It- F2 F5 F6
my work mode : This shows what is correct or incorrect for the work you have Shares outstanding Earnings per share 150,000 0.44 $ Statement of Retained Earnings For the Year Ended December 31, 20x2 Retained earnings, balance, January 1, 20x2 Add: Earnings available to common stockholders, 20x2 Deduct: Cash dividends declared and paid in 2ex2 Retained earnings, balance, December 31, 20x2 $1,379,800 65,500 174,000 $1,271,300 Comparative Balance Sheets For 20x1 and 20x2 Year-End 20x1 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Gross plant and equipment Less: Accumulated depreciation Net plant and equipment $ 146, eee 502, eee 639, eee 62,200 $1,349,200 97, 6e $ 2,620,000 1,040,000 1,580, eee Prev 8 of 17 Next > o e to search п plm-
Return Comparative Balance Sheets For 2x1 and 2x2 Year-End 2ext Year-End zex2 $ 146,000 5e2,000 639, eee 62,200 $1,349,200 97,600 $ 106,1ee 6e8,eee 665,000 34,7ee $1,415,800 83,100 $ 2,620.000 1,040,000 3 3,150,000 1,305,000 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses Total current assets Investments (long-term securities) Gross plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term libilities: Bonds payable, 2012 Total liabilities Stockholders' equity Preferred stock, 5100 par value 1,500,000 $3,026, 800 1,842,00 $3,338,900 $ 307, Bee 542,000 79.000 $ 938,00 $637, eee 542.000 50,600 $1,229,600 127.000 $1.057.000 248.000 51,477.60 5.000 $ 90,000 < Prev 8 of 17 Next > ere to search O BI pim-it-ak X 8 3 5 W ER S D F G H J K L 2 x си в NM All Prisc Alt
Return $ 309,000 542,690 79,000 $ 930,000 $ 637,000 542,600 50,680 $1,229,600 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-tern liabilities: Bonds payable, 2ex2 Total liabilities Stockholders' equity: Preferred stock, $10 par value Common stock, $1 par value Capital paid in excess of par Retained earnings Total stockholders' equity Total liabilities and stockholders equity 127,000 $1,057,600 248, $1,477,600 $ 90,000 150.000 350.000 1,379,800 51,969,800 $3,026,800 s se, eee 15e,eee 350, eee 1,271,30 $1,861,300 $3,338.900 a. Prepare a statement of cash flows for the Crosby Corporation (Amounts to be deducted should be indicated with phrentheses a minus sign.) Answer is not complete. CROSBY CORPORATION Statement of Cash Flows < Prey 8 of 17 Hii Next > BI 9 v O P9 ere to search pim-it-akh 4 5 6 7 8 3 2 Q W E R 4 S D F G H J K L Z X C V B N M. Alt Prisc Alt
75,500 OOOOO For the Year Ended December 31, 20X2 Cash flows from operating activities: Net income S Adjustments to determine cashflow from operating activities: Add back depreciation ✓$ 268,000 Increase in accounts receivable (608,000) Increase in inventory 665,000 X Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Total adjustments $ Net cash flows from operating activities $ Cash flows from investing activities: Decrease in investments Decrease in plant and equipment * Net cash flows from investing activities S Cash flows from financing activities: Increase in bonds payable Preferred stock dividends paid Common cho hrane naint 325,000 400,500 0 O < Prev 8 of 17 Next > me here to search ORI 9 e vi P9 plm-11-Aakh % 5 8 7 2 3 4 6 W E RT Y U А. S D F G H J K
$ $ 325,000 400,500 Decrease in accrued expenses Total adjustments Net cash flows from operating activities Cash flows from investing activities: Decrease in investments Decrease in plant and equipment Net cash flows from investing activities Cash flows from financing activities: Increase in bonds payable Preferred stock dividends paid Common stock dividends paid Net cash flows from financing activities $ 0 >> s 0 MC Graw Hill < Prev 8 of 17 Next > ype here to search o RI SD E g . e pim-it-takh FS & 7 2 3 4 5 W E RT Y U A S D F G H J K
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Answers

Cash Flow Statement
Cash flows from operating activities
Net Income for the year 75,500
Adjustment required for reconciliation
Depreciation expense 2,68,000
Increase in Accounts receivable -1,06,000
Increase in Inventory -26,000
Decrease in prepaid expense 27500
Increase in Accounts payable 328000
Decrease in Accrued expense -28400
Total adjustment 4,63,100
Net cash flows from Operating activities 5,38,600
Cashflows from Investing activities
Purchase of equipment -5,30,000
Sale of Investment 14,500
Net Cash used in Investing activities -5,15,500
Cash Flows from Financing activities
Issuance of Bonds payable 1,21,000
Dividend paid (1379800+75500-1271300) -1,84,000
Net cash used in financing activities -63,000
Net cash decrease -39,900
Beginning balance of cash 1,46,000
Ending balance of cash 1,06,100
.

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