Question & Answer: Common Stock Retained Earnings Other Information: S131,000 S 44,000 $116,000 S 11,000 I. Land was sold for $8,100. 3. Common stock was…..

 Problem 4

Common Stock Retained Earnings Other Information: S131,000 S 44,000 $116,000 S 11,000 I. Land was sold for $8,100. 3. Common stock was issued for cash. 2. Equipment was purchased for cash. 4. There were no disposals of equipment. 4. Net income for 2017 was $38,000 and cash dividends paid were $5,000. REQUIRED: Prepare a Statement of Cash Flows in good form using the indirect method. Compute the Free Cash Flow a. b. PROBLEM 4 (15 Points) 2015 S53,000 $36,000 $17,000 2016 $48,000 S31,500 $16,500 2017 $50,000 $32,500 $17,500 Sales Cost of Goods Sold Gross Margin Operating Expenses $8,000 S5,860 S6,500 $7,100 $7,750 $6,800 Selling Expenses Administrative Expenses $2,900 S 700 $ 2,950 S3,140 S 640 Net Operating Income Interest Expense $2,500 S 750 $1,750 $2,200 S 660 $1,540 S 2,950 S 885 S 2,065 Income before Tax Income tax,, Net Income REQUIRED: Prepare a trend analysis for the company. Carry out percentages to two decimal places