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Montgomery Inc Montgomery Inc Comparative Balancesheets Income Statement December 31, 2019 and 2018 For Year Ended December 31, 2019 2019 2018 Assets
Montgomery Inc Montgomery Inc Comparative Balancesheets Income Statement December 31, 2019 and 2018 For Year Ended December 31, 2019 2019 2018 Assets
Additional information
a. No dividends are declared or paid in 2019
b.Issued additional stock for $10000 cash in 2019
c. Purchased equipment for cash in 2019 for Rs 8,400, no equipment was sold in 2019
MONTGOMERY INC
Income Statement
For year ended December 31 , 2019
45575
ods sold -18950
fit 26625
Expenses
Depreciation expenses 7200
other expenses 5550
ating expenses 12750
efore taxes 13875
x expense 3375
me 10500
Cash Flows Statement of Montgomery Inc for the year 2019
Cash Flows from Operating Activities (Indirect Method) (A):
Profit after Tax or Net Income 10500
Add: Depreciation 7200
Note 1: Equipment
Beginning value equipment
Add: Purchases Missing figure
Less: Sale 0
Less: Depreciation
Ending value of equipment 0