The income statement of Marin Inc. is presented here. Marin Inc. Income Statement For the Year Ended November 30, 2017 Sales revenue $7,579,100 Cost of goods sold Beginning inventory $1,866,300 Purchases 4,483,800 Goods available for sale 6,350,100 Ending inventory 1,573,100 Total cost of goods sold 4,777,000 Gross profit 2,802,100 Operating expenses Selling expenses 446,400 Administrative expenses 690,100 1,136,500 Net income $1,665,600 Additional information: 1. Accounts receivable decreased $372,700 during the year, and inventory decreased $293,200. 2. Prepaid expenses increased $148,500 during the year. 3. Accounts payable to suppliers of merchandise decreased $346,700 during the year. 4. Accrued expenses payable decreased $98,900 during the year. 5. Administrative expenses include depreciation expense of $109,200. Prepare the operating activities section of the statement of cash flows for the year ended November 30, 2017, for Marin Inc., using the indirect method.

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

In a chapter 7 bankruptcy, a debtor:

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be: