Please help thank you Comprehensive Problem 2 St of Cash Flo

Please help, thank you!

Comprehensive Problem 2 St of Cash Flows and Ratios Algo R. Allen Inc. Income Statement For years ended December 31, 2017 and 2018 R. Allen Inc Comparative Balance Sheets December 31, 2018 and 2017 50 points 2018 2017 Change 2018 2017 Current assets: $528,000 $475,000 Cash $50,270 (321.000) (263.000) Accounts receivable (net) 38,000 44,000 1,200 1.700 135,170 $31,700 $18,570 32,000 6,000 42,000 2,000 2,700 -1,500 2600 -900 111,000 24,170 500Sales (all on credit) 02:50:04 Cost of goods sold Gross margin 207000 212,000 ventory Prepaid expenses 37000 51,000 Other current assets 114,000 95,000 Total current assets 151,000 146,000 56.000 66,000 Long-term Investments Depreciation expense Other operating expenses Total operating References expenses Operating income 81,000 56,000 25,000 Other income (expenses) Plant assets Less: accumulated depreciation 307,000 (4,700) (3,500) 5,500 3,900 Total plant assets (2,700) 3.200) Total assets 257000 50,000 (51,000) 26,800 206,000 23.200 373,000 72,370 Interest expense Gain on sale of investments Loss on sale of plant assets Total other income (expenses) 229,200 445.370 (12,900) (2,800) Current liabilities Income before income taxes Income taxes expense Net income 54,100 63,200 Accounts payable (16.230 18,960) Accrued liabilities $37,870 $44,240 Income taxes payable $25,500 3,600 1400 30,500 $26,000 $-500 3,000 600 5.000 -3,600 34,000 3,500 Total current liabilities R. Allen Inc. Statement of Retained Earnings For the year ended December 31, 2018 Long term liabilities Notes Payable Total liabilities 236,000 266,500 175,000 61,000 209,000 57,500 2018 2017

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Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you. To be divided by Sale for vertical analysis 2018 2017 % % Sale 528000 100.00 475000 100 Cost of Goods Sold 321000 60.80 263000 55 Gross Margin 207000 39.20 212000 45 Expense Depreciation Expense 37000 7.01 51000 11 Other Operating Expense 114000 21.59 95000 20 Total Operating Expense 151000 28.60 146000 31 Operating Income 56000 10.61 66000 14