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Prepare a statement of cash flows for the Zaid Corporation Zaid CORPORATION Income Statement For the Year Ended December 31, 2030 Sales Cost of goods sold Gross profits Selling and administrative expense Depreciation expense Operating income Lastest spense Eames before tace Tasces Exrning after aces Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share $2,200,000 100 900.000 190.000 150.000 330.000 20.000 240.000 80.000 160.000 10.000 S. 250.000 120.000 $ 1.25 Statement of Retained Earnings For the Year Ended December 31, 2020 Retained earnings, balance, January 1, 2008 Add: Earnings available to common stockholders, 2008 Deduct Cash dividends declared and paid in 2008 Retained earnings, balance, December 31, 2008 $500,000 150.000 50,000 $600,000 Comparative Balance Sheets For 2007 and 2008 Year End 2019 Year End 2020 Asset Current assets Cach Accounts receivable Inventory Prepaid etpenses Total current love dong-term securities) Plant and equipment Les Accumulated depreciation Net plant and equipment Total assets $70,000 300,000 410,000 50,000 830,000 30.000 2,000,000 $100,000 350.000 130.000 30 000 910,000 70.000 2.400.000 1.150.000 1250000 $22 KERROS S1900 Liabilities and Stockholders' Equity $ 250.000 400.000 20.000 730.000 S440.000 100.000 590.000 Current liabil Accounts payable Notes payable Accrued expenses Total current liabilities Langeliabilities Boad pay rable 2008 Total Stockholders equity Preferred stock 5100 per value Con stock 51 value Capital paid in een of Bedang Total stockholders' equity 20.000 790.000 1010.000 90.000 120.000 90.000 120.000 410.000 500.00 1000 410.000 000 Prepare a statement of cash flows for the Zaid Corporation Zaid CORPORATION Income Statement For the Year Ended December 31, 2030 Sales Cost of goods sold Gross profits Selling and administrative expense Depreciation expense Operating income Lastest spense Eames before tace Tasces Exrning after aces Preferred stock dividends Earnings available to common stockholders Shares outstanding Earnings per share $2,200,000 100 900.000 190.000 150.000 330.000 20.000 240.000 80.000 160.000 10.000 S. 250.000 120.000 $ 1.25 Statement of Retained Earnings For the Year Ended December 31, 2020 Retained earnings, balance, January 1, 2008 Add: Earnings available to common stockholders, 2008 Deduct Cash dividends declared and paid in 2008 Retained earnings, balance, December 31, 2008 $500,000 150.000 50,000 $600,000 Comparative Balance Sheets For 2007 and 2008 Year End 2019 Year End 2020 Asset Current assets Cach Accounts receivable Inventory Prepaid etpenses Total current love dong-term securities) Plant and equipment Les Accumulated depreciation Net plant and equipment Total assets $70,000 300,000 410,000 50,000 830,000 30.000 2,000,000 $100,000 350.000 130.000 30 000 910,000 70.000 2.400.000 1.150.000 1250000 $22 KERROS S1900 Liabilities and Stockholders' Equity $ 250.000 400.000 20.000 730.000 S440.000 100.000 590.000 Current liabil Accounts payable Notes payable Accrued expenses Total current liabilities Langeliabilities Boad pay rable 2008 Total Stockholders equity Preferred stock 5100 per value Con stock 51 value Capital paid in een of Bedang Total stockholders' equity 20.000 790.000 1010.000 90.000 120.000 90.000 120.000 410.000 500.00 1000 410.000 000

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