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Headland Corporation had the following 2020 income statement. Sales revenue $213,000 Cost of goods
sold 109,000 Gross pro?t 104.000 Operating expenses (includes depreciation of $19000} 53,000 Net
income 551.000 The following accounts increased during 2020: Accounts Receivable $12,0… Show more
sold 109,000 Gross pro?t 104.000 Operating expenses (includes depreciation of $19000} 53,000 Net
income 551.000 The following accounts increased during 2020: Accounts Receivable $12,0… Show more
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Cost of goods sold 109,000 Gross profit 104,000 Operating expenses (includes depreciation of $19,000)
53,000 Net income $51,000 The following accounts increased during 2020: Accounts Receivable
$12,000, Inventory $12,000, and Accounts Payable $13,000. Prepare the cash flows from ope… Show more
53,000 Net income $51,000 The following accounts increased during 2020: Accounts Receivable
$12,000, Inventory $12,000, and Accounts Payable $13,000. Prepare the cash flows from ope… Show more
Image transcription text
Sales revenue $213,000 Cost of goods sold 109,000 Gross profit 104,000 Operating expenses (includes
depreciation of $ 19,000) 53,000 Net income $51,000 The following accounts increased during 2020:
Accounts Receivable $ 12,000, Inventory $ 12,000, and Accounts Payable $13,000. Prepare … Show more
depreciation of $ 19,000) 53,000 Net income $51,000 The following accounts increased during 2020:
Accounts Receivable $ 12,000, Inventory $ 12,000, and Accounts Payable $13,000. Prepare … Show more
I need help with the last two account titles and the amounts. Can someone please show me how this should be recorded?
