Condensed Financial Data of Monopoly Corporation Appear Below MONOPOLY CORPORATIONIncome StatementYear Ended December 31, 2018

Essay

Condensed financial data of Monopoly Corporation appear below:
$\begin{array}{l}\text { MONOPOLY CORPORATION Comparative Balance Sheet December } 31\\\begin{array}{|l|r|r|}\hline & 2018 & 2017 \\\hline \text { Assets } & & \\\hline \text { Cash } & \$ 44,000 & \$ 28,000 \\\hline \text { Accounts receivable } & \mathrm{A} & 32,000 \\\hline \text { Inventories } & \mathrm{B} & 70,000 \\\hline \text { Prepaid rent } & 2,500 & 2,000 \\\hline \text { Property, plant, and equipment } & 224,000 & 200,000 \\\hline \text { Accumulated depreciation } & (55,000) & (40,000) \\\hline \text { Total assets } & \$ 341,500 & \$ 292,000 \\\hline \text { Liabilities and Shareholders' Equity } & & \\\hline \text { Accounts payable } & \$ 38,000 & \$ 34,000 \\\hline \text { Accrued liabilities } & 10,000 & 12,000 \\\hline \text { Notes payable } & 130,000 & 150,0 \\\hline \text { Contributed capital } & 50,000 & 25,000 \\\hline \text { Retained earnings } & 113,500 & 71,000 \\\hline \text { Total liabilities and shareholder's equity } & \$ 341,500 & \$ 292,000 \\\hline\end{array}\end{array}$

MONOPOLY CORPORATIONIncome StatementYear Ended December 31, 2018
$\begin{array}{llcc} \hline \text { Sales } & \text { }& &\text { \$ 477,500 } \\\hline \text { Expenses } & \text { } &\text { }\\\hline \text {Cost of goods sold } &&\text { \$ 290,000 }&\text { }\\ \hline \text { Selling, general, and administrative expenses } &&\text { 94,000 }&\text { }\\\hline \text {Depreciation expense } &&\text { C }&\text { }\\\hline \text { Interest expense } &&\text { 9,000 }&\text { }\\\hline \text { Income taxes } &&\text { D }&\text { 425,000 }\\ \hline \text { Net income } &&\text { }&\text { \$ 52,500}\\ \hline \end{array}$
MONOPOLY CORPORATIONCash Flow Statement - Year End Decernber 31, 2018


$\begin{array}{llcc} \text {Cash flows from operating activities } & \\ \text { Net income } &\$ 52,500 \\ \text {Adjustments: } & \text { } \\ \text {Depreciation expense } & \text { 15,000} \\ \text { Change in inventories } & \text {(20,000) } \\ \text { Change in prepaid expenses} & \text {E } \\ \text { Change in accounts payable } & \text {4,000 } \\ \text { Change in accrued liabilities } & \text { F } \\ \text { Change in accounts receivable } & \text {(4,000) } \\ \text { Net cash provided by operating activities } & \text { G } \\ \text { Cash flows from investing activities } & \text { } \\ \text { Purchase of property, plant, and equipment } & \text { (24,000) } \\ \text { Net cash provided by (used for) investing activities } & \text {(24,000) } \\ \text { Financing activities } & \text { } \\ \text {Additional capital contributed by shareholders } & \text { H } \\ \text { Payment of principal on notes } & \text {(20,000) } \\ \text { Payment of cash dividends } & \text { I } \\ \text {Net cash provided by (used for) financing activities } & \text { J } \\ \text { Increase in cash and cash equivalents } & \text { 16,000 } \\ \text { Cash and cash equivalents, January 1} & \text { 28,000 } \\ \text {Cash and cash equivalents, December 31 } & \$44,000 \\\end{array}$

Additional information: A cash dividend was declared and paid in full during the year.
Instructions: Solve for the missing numbers and summarize your answers in the table below.Be sure to indicate in parenthesis ()if the missing number is negative (that is,a cash outflow).