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Condensed financial data of Monopoly Corporation appear below: A cash dividend was declared and paid in full to stockholders during the year. Required: Solve for the missing numbers.

• Balance Sheet
• Income Stmt
• Cash Flow Stmt

Solve for the missing numbers.

MONOPOLY CORPORATION Comparative Balance Sheet December 31 Current Year Prior Year Assets Cash $56,450 $35,000 Accounts receivable 32,500 Inventories 70,500 Prepaid rent 3,050 2,500 Property, plant, and equipment 231,500 205,000 Accumulated depreciation (58,000) (42,500) Total assets $363,000 $303,000 Liabilities and Stockholders' Equity Accounts payable $39,000 $34,500 Accrued Liabilities 10,000 12,500 Notes payable (long-term) 132,500 155,000 Contributed capital 55,000 27,500 Retained earnings 126,500 73,500 Total liabilities and stockholders' equity $363,000 $303,000

• Balance Sheet
• Income Stmt
• Cash Flow Stmt

Solve for the missing numbers.

	MONOPOLY CORPORATION Income Statement Year Ended December 31 Sales $497,500 Expenses Cost of goods sold $295,000 Selling, general and administrative expenses 96,500 Depreciation expense Interest expense 9,500 Income taxes 434,000 Net income $63,500

• Balance Sheet
• Income Stmt
• Cash Flow Stmt

Solve for the missing numbers. (Enter any deductions and cash outflows as a negative value.)

MONOPOLY CORPORATION Cash Flow Statement Year Ended December 31 Cash flows from operating activities Net income $63,500 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation 15,500 Change in current assets and current liabilities Accounts Receivable (4,500) Inventories $(22,500) Prepaid Rent Accounts Payable $4,500 Accrued Liabilities Net cash provided by (used in) operating activities Cash flows from investing activities Purchase of property, plant, and equipment (26,500) Net cash provided by (used for) investing activities (26,500) Financing activities Additional capital contributed by stockholders Payments on long-term debt (22,500) Payment of cash dividends Net cash provided by (used for) financing activities Increase in cash and cash equivalents 21,450 Cash and cash equivalents, beginning of period 35,000 Cash and cash equivalents, end of period $56,450

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