# *Problem 12-07A Presented below are the financial statements of Sunland Company Sunland Company Comparative Balance Sheets...

###### Question:

*Problem 12-07A Presented below are the financial statements of Sunland Company Sunland Company Comparative Balance Sheets December 31 Assets 2022 Cash $56,000 Accounts receivable 32,000 Inventory 44,800 Property, plant, and equipment 96,000 Accumulated depreciation (51,200 ) Total$177,600 2021 $32,000 22,400 32,000 124,800 (38,400)$172,800 Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings Total $30,400 11,200 27,200 28,800 80,000$177,600 $24,000 12,800 52,800 22,400 60,800$172,800 $387,200 280,000 107,200 Sunland Company Income Statement For the Year Ended December 31, 2022 Sales revenue Cost of goods sold Gross profit Selling expenses$28,800 Administrative expenses 9,600 Income from operations Interest expense Income before income taxes Income tax expense 38,400 68,800 4,800 64,000 12,800 $51,200 Net income Additional data: 1. Depreciation expense was$28,000. 2. Dividends declared and paid were $32,000. 3. During the year equipment was sold for$13,600 cash. This equipment cost $28,800 originally and had accumulated depreciation of$15,200 at the time of sale.
Sunland Company Statement of Cash Flows For the Year Ended December 31, 2022 Cash Flows from Operating Activities<br> 10 Net Income Adjustments to reconcile net income to TCash at End of Period Decrease in Income Taxes Payable Sale of Equipment Payment of Dividends Tincrease in Accounts Payable Decrease in Accounts Rq Net Cash Provided by Operating Activities<br> 00 I TTCash Flows from Financi Sale of Equipment Cash Flows from Financing Activities Payment of Dividends Redemption of Bonds Tissuance of Common Stock TiNet Cash Provided by Fi 1
##### 1 PUN) A reaction with a large equilibrium constant 1) has a fast rate
1 PUN) A reaction with a large equilibrium constant 1) has a fast rate...
##### A gyroscope slows from an initial rate of 42.5 A gyroscope slows from an initial rate...
a gyroscope slows from an initial rate of 42.5 A gyroscope slows from an initial rate of 42.3 rad/s at a rate of 0.746 rad/s2. (a) How long does it take (in s) to come to rest? 56.70 S (b) How many revolutions does it make before stopping? rev Enter a number....
##### DO Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($... DO Netflix has the following abridged financial statement information for fiscal year 2017 and 2018 ($ in billions): Income Statement 2018 2017 Balance Sheet 2018 2017 Sales 15.79 11.69 Cash 3.79 2.82 Cost of Goods Sold 9.97 7.66 Marketable Securities 0 Gross Profit 5.82 4.03 Inventory 0 SG&A Ex...
Wendy Barnes is the advertising manager for Value Shoe Store. She is currently working on a major promotional campaign. Her ideas include the installation of a newlighting system and increased display space that will add $72,144 in fixed costs to the$241,200 currently spent. In addition, Wendy is p...