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MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
Use the following income statement and balance sheet information to put together a statement of cash flows.
| Â |
2010 |
|
Sales |
$1,230,000 |
|
Cost of goods sold |
$684,000 |
|
Gross profit |
$546,000 |
|
General and administrative expense |
$159,000 |
|
Selling and marketing expense |
$134,000 |
|
Depreciation |
$25,000 |
|
Operating income |
$228,000 |
|
Interest |
$141,000 |
|
Income before taxes |
$87,000 |
|
Income taxes (27%) |
$23,490 |
|
Net income |
$63,510 |
|
Dividends paid |
$25,000 |
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