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Given is the income Statement for the year ended December 31, 20XX, Statement of Retained Earnings for the year ended December 31, 20XX and Comparative Balance Sheets for 20XW and 20XX of Marls Corporation Hari Corporat Income Statement Year Ended December 2023 Sales Cost of soods soll 15,700,000 1.325,000 710.000 250,000 Gross profits Selling and administrative expense Asortization expense Operating income Interest expense Earnings before taxes Taxes 15,000 52,000 293,000 350.000 Earnings after taxes 30,000 Preferred stock dividends Earnings available to common shareholders $415,000 165,200 $2.50 Shares outstanding Earnings per share Statement of Retained Earnings For the Year Ended December 31, 20xx Retained earnings, balance, January 1, 20xx Add: Earnings available to common shareholders, 20xx Deduct: Cash dividends declared and paid in 2exx Retained earnings, balance, December 31, 20xx $9 , . 413,000 150,000 $1,163,000 Comparative Balance Sheets For 20xx and 20xw December 31, 20xx December 31, 2004 Assets Current assets: Cash Accounts receivable (net) Inventory Prepaid expenses $120,000 540,000 510,000 26,000 $103,000 528,000 488,000 52,000 1,196,000 120,000 1,171,000 125,000 2,600,000 1,017,600 2,000,000 767,000 Total current assets Investments (long-term securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets 1,583,000 1,233,000 $2,899,000 $2,529,800 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses $373,000 500,000 53,000 $325, Bee 500,000 74,000 926,000 899,000 Total current liabilities Long-term liabilities: Bonds payable, 20xY 180,000 100,880 999,000 1,106,000 Total liabilities Shareholders equity: Preferred stock Common stock Retained earnings 130,000 500,000 1,163,000 130,000 500,000 900,000 152 na 1 792 AAA Total shareholdere enit Prepaid expenses 26,000 1,196,000 120,000 1.121.00 125,000 Total current assets Investments (long-tern securities) Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets 2.600.000 1,017,000 2,000,000 767,000 1,235,000 1,583,000 $2,899,000 $2,529,000 $375,000 500,000 53,000 $325,000 500.000 74.000 926,000 399,000 Liabilities and Shareholders' Equity Current liabilities: Accounts payable Notes payable Accrued expenses Total current liabilities Long-term liabilities: Bonds payable, 20xY Total liabilities Shareholders' equity! Preferred stock Common stock Retained earnings 180,000 100,000 1,106,000 999,000 130,000 500,000 1, 163,000 130,000 500,000 900,000 Total shareholders' equity 1,793,000 1,530,000 $2,899,000 Total liabilities and shareholders' equity $2,529,000 sy in your response. MARIS CORPORATION Statement of Cash Flows For the Year Ended December 31, 20xx Operating Activities: Net income Add items not requiring an outlay of cash: Amortization expense 443000 250000 693000 103000 Cash flow from operations Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses Net Change in non-cash working capital Cash provided by operating activities Investing activities: Decrease in investments Increase in plant and equipment Cash used in Investing activities Financing activities: Increase in bonds payable Preferred stock dividends paid Common stock dividends paid 103000 Increase in accounts receivable Increase in inventory Decrease in prepaid expenses Increase in accounts payable Decrease in accrued expenses V V Net Change in non-cash working capital Cash provided by operating activities S Investing activities: Decrease in investments Increase in plant and equipment Cash used in Investing activities Financing activities: Increase in bonds payable Preferred stock dividends paid Common stock dividends paid Cash used in v financing activities Net increase in cash Cash, beginning of year Cash, end of year

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