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Welcome Surah பயா'யா LI Home Gume G SL 1. Dividends declared in fiscal 2022 totaled 6,600 2. Depreciation totaled $1,800 in 2022. 3. Purchases of new property, plant and equipment totaled 534,800 in 2002 4. Property, plant and equipment sold in 2022 produced a pain of $1,200 5. All changes in the shareholders' equity accounts other than earnings und dividends are due to the usuance of new common shares 6. Included in the accrued liabilities on the balance sheet is interest Payable in the amount of ses for 2002 and 25 for 2021. 1. The company repaid $200 a long term debt principal in the year.
Vader Industries inc manufactures and distributes a broad range of stuff and provides related stuffing services to retailers. The company statement of financial position and income statement follow. You are required to prepare the cash flow statement that will be placed in the formal financial statements that go to the bank. Vader Industries Inc has adopted the indirect method for preparing its cash flow statement Vader Industries Inc Statement of Financial Position At March 31 15 in thousands 2023 2021 Assets Current Assets Cash and equivalents $ 2.200 $3.200 Accounts receivable 94.000 85.100 Inventories 160,000 104.500 Prepaid expenses 13,000 12.400 Other assets 1.200 1.500 Total Current Assets 270,400 206,700 Property, Plant and Equipment 110,300 102.900 Less: Accumulated Depreciation (71,700) 169,7001 Total Assets $309.000 $ 239.900 Liabilities and Shareholders' Equity Current Liabilities: Notes payable $ 43,500 $ 19,500 Accounts payable 49.300 45.000 Accrued salaries 10.200 11,700 Other accrued expenses 16.000 12.900 Income taxes 6,500 7,000 Total Current Liabilities 125,500 96,100 Long Term Debt 50,900 16.100 Total Liabilities 176,400 112,200 Shareholders' Equity Common shares 15.700 14,800 Retained earnings 116.900 212.900 Total Shareholders' Equity 132.600 127,700 Total Liabilities and Shareholders' Equity $ 309,000 $ 239,900 Vader Industries Inc Statement of Earnings For the Year Ended ($ in thousands except per share amounts 2022 $ 655,800 1.200 657.000 2021 $624.600 Net sales Gain on sale of equipment 624.600
2021 $ 624,600 624,600 Vader Industries Inc Statement of Earnings For the Year Ended ($ in thousands except per share amounts) 2022 Net sales $ 655,800 Gain on sale of equipment 1,200 657,000 Costs and expenses Cost of goods sold 543,600 Selling general and administrative 91,600 Interest 4,100 639,300 Earnings Before Income Taxes 17,700 Income Taxes 7,100 Net Earnings $ 10,600 Net Earnings per Common Share $ 1.22 Additional information (numbers in thousands) 498,800 91,200 2,300 592,300 32,300 13,100 $ 19,200 $ 2.23
1. Dividends declared in fiscal 2022 totaled $6,600. 2. Depreciation totaled $7,800 in 2022. 3. Purchases of new property, plant and equipment totaled $14,800 in 2022. 4. Property, plant and equipment sold in 2022 produced a gain of $1,200. 5. All changes in the shareholders' equity accounts other than earning and dividends are due to the issuance of new common shares. 6. Included in the accrued liabilities on the balance sheet is Interest Payable in the amount of $475 for 2022 and $525 for 2021. 7. The company repaid $200 of long term debt principal in the year.