Use the indirect method to create a SCF and calculate FCF Net Income= 326 The...

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Accounting

Use the indirect method to create a SCF and calculate FCF

Net Income= 326

The company sold equipment that had an original cost of $64 and accumulated depreciation of $33

The company did not issue any new bonds during the year.

Ending Balance Beginning Balance
Assets
Current Assets:
Cash & Cash Equivalents $ 65 $ 133
Accounts Receivable 900 822
Inventory 780 714
Total Current Assets 1,745 1,669
Property, Plant & Equipment 1,765 1,718
Less Accumulated Depreciation 926 729
Net PPE 839 989
Total Assets 2,584 2,658
Liabilities & Equity
Current Liabilities:
Accounts Payable 312 186
Accrued Liabilities 206 144
Income Tax Payable 129 98
Total Current Liabilities 647 428
Bonds Payable 545 860
Total Liabilities 1,192 1,288
Common Stock 275 275
Retained Earnings 1,117 1,095
Total Equity 1,392 1,370
Total Liabilities & Equity 2,584 2,658

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