The net income reported on the income statement for the current year was $165,300.

JSW Corp. reported net income on the income statement for the current year of $59,000. Depreciation...

JSW Corp. reported net income on the income statement for the current year of $59,000. Depreciation recorded on fixed assets for the year was $24,000. Balances of the current asset and current liability accounts at the end and beginning of the year are listed below. Prepare the cash flows from operating activities section of a statement of cash flows using the indirect method. End Beginning Cash $65,000 $  70,000 Accounts receivable (net) 70,000 57,000 Inventories 86,000 102,000 Prepaid expenses 4,000 4,500...

The net income reported on the income statement for the current year was $265,758. Depreciation recorded...

The net income reported on the income statement for the current year was $265,758. Depreciation recorded on fixed assets and amortization of patents for the year were $42,093 and $9,968, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $42,105 $56,980 Accounts receivable 127,283 106,421 Inventories 112,613 91,073 Prepaid expenses 3,779 7,472 Accounts payable (merchandise creditors) 47,993 63,432 What is the amount of cash...

The net income reported on the income statement for the current year was $151,100. Depreciation recorded...

The net income reported on the income statement for the current year was $151,100. Depreciation recorded on store equipment for the year amounted to $24,900. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $57,870 $52,660 Accounts receivable (net) 41,490 38,920 Inventories 56,650 59,240 Prepaid expenses 6,370 5,000 Accounts payable (merchandise creditors) 54,220 49,820 Wages payable 29,630 32,540 a. Prepare the “Cash...

The net income reported on the income statement for the current year was $299,851. Depreciation recorded...

The net income reported on the income statement for the current year was $299,851. Depreciation recorded on fixed assets and amortization of patents for the year were $37,383 and $11,634, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $58,785 $42,379 Accounts Receivable 124,832 107,634 Inventories 105,327 82,426 Prepaid Expenses 2,913 7,502 Accounts Payable (merchandise creditors) 51,926 61,170 What is the amount of cash...

The net income reported on the income statement for the current year was $254,387. Depreciation recorded...

The net income reported on the income statement for the current year was $254,387. Depreciation recorded on fixed assets and amortization of patents for the year were $34,926, and $10,830, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $44,618 $61,409 Accounts receivable 108,689 128,780 Inventories 83,836 108,567 Prepaid expenses 7,029 2,862 Accounts payable (merchandise creditors) 78,915 47,876 What is the amount of cash...

The net income reported on the income statement for the current year was $139,400. Depreciation recorded...

The net income reported on the income statement for the current year was $139,400. Depreciation recorded on store equipment for the year amounted to $23,000. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of year Beginning of Year Cash $56,740 $51,630 Accounts Recievable (net) 40,680 38,150 Merchandise inventory 55,550 58,080 Prepaid expenses 6,240 4,900 Accounts Payable (merchandise creditors) 53,170 48,840 Wages payable 29,050 31,910 Prepare the Cash...

The net income reported on the income statement for the current year was $250,300. Depreciation recorded...

The net income reported on the income statement for the current year was $250,300. Depreciation recorded on equipment and a building amounted to $74,800 for the year. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $66,580 $69,240 Accounts receivable (net) 84,420 85,440 Inventories 166,450 147,200 Prepaid expenses 9,250 9,760 Accounts payable (merchandise creditors) 74,370 77,270 Salaries payable 10,720 9,620 a. Prepare...

1. The net income reported on the income statement for the current year was $310,744. Depreciation...

1. The net income reported on the income statement for the current year was $310,744. Depreciation recorded on fixed assets and amortization of patents for the year were $37,280 and $10,133, respectively. Balances of current asset and current liability accounts at the end and at the beginning of the year are as follows: End Beginning Cash $53,915 $45,355 Accounts Receivable 129,483 107,546 Inventories 105,094 87,496 Prepaid Expenses 3,822 6,325 Accounts Payable (merchandise creditors) 51,118 60,892 What is the amount of...

The net income reported on the income statement for the current year was $73,600. Depreciation recorded...

The net income reported on the income statement for the current year was $73,600. Depreciation recorded on store equipment for the year amounted to $27,400. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $23,500 $18,700 Accounts receivable (net) 56,000 48,000 Merchandise inventory 35,500 40,000 Prepaid expenses 4,750 7,000 Accounts payable (merchandise creditors) 21,800 16,800 Wages payable 4,900 5,800 Required: A. Prepare...

The net income reported on the income statement for the current year was $146,700. Depreciation recorded...

The net income reported on the income statement for the current year was $146,700. Depreciation recorded on store equipment for the year amounted to $24,200. Balances of the current asset and current liability accounts at the beginning and end of the year are as follows: End of Year Beginning of Year Cash $58,390 $53,130 Accounts receivable (net) 41,870 39,260 Inventories 57,160 59,770 Prepaid expenses 6,420 5,050 Accounts payable (merchandise creditors) 54,710 50,260 Wages payable 29,900 32,830 a. Prepare the Cash...