Consider the following balance sheets and income statement for Cruyff Enterprises, and compute the cash that Cruyff received from stock issuances. Cruyff Enterprises Balance Sheets As of December 31, 2020 and 2019 2020 2019 Assets: Cash $18,650 $ 14,900 Accounts Receivable 42,000 36,000 Inventory 60,500 50,000 Prepaid Rent 3,000 1,400 Property, Plant and Equipment 230,000 205,600 Less: Accumulated Depreciation (75,000) (65,000) Total Assets $279,150 $242,900 Liabilities and Stockholders’ Equity: Accounts Payable $26,500 $21,000 Interest Payable 650 400 Unearned Revenue 7,000 10,000 Bonds Payable 37,000 37,000 Common Stock 20,000 15,000 Additional Paid-In Capital 48,000 40,000 Retained Earnings 140,000 119,500 Total Liabilities and Stockholders’ Equity: $279,150 $242,900 Cruyff Enterprises Income Statement For the year ended December 31, 2020. Sales Revenue $ 470,000 Cost of Goods Sold 315,000 Wage Expense 71,000 Rent Expense xx,xxx Depreciation Expense 15,000 Interest Expense 19,000 Net Income yy,yyy

Consider the following balance sheets and income statement for Cruyff Enterprises, and compute the cash that Cruyff received from stock issuances. Cruyff Enterprises Balance Sheets As of December 31,...

Consider the following balance sheets and income statement for Cruyff Enterprises, and compute the cash that Cruyff received from stock issuances.

Cruyff Enterprises Balance Sheets As of December 31, 2020 and 2019
	2020	2019
Assets:
Cash	$18,650	$ 14,900
Accounts Receivable	42,000	36,000
Inventory	60,500	50,000
Prepaid Rent	3,000	1,400
Property, Plant and Equipment	230,000	205,600
Less: Accumulated Depreciation	(75,000)	(65,000)
Total Assets	$279,150	$242,900

Liabilities and Stockholders’ Equity:
Accounts Payable	$26,500	$21,000
Interest Payable	650	400
Unearned Revenue	7,000	10,000
Bonds Payable	37,000	37,000
Common Stock	20,000	15,000
Additional Paid-In Capital	48,000	40,000
Retained Earnings	140,000	119,500
Total Liabilities and Stockholders’ Equity:	$279,150	$242,900

Cruyff Enterprises Income Statement For the year ended December 31, 2020.

Sales Revenue	$ 470,000

Cost of Goods Sold	315,000
Wage Expense	71,000
Rent Expense	xx,xxx
Depreciation Expense	15,000
Interest Expense	19,000
Net Income	yy,yyy

Jun 09, 2022