Question

The chief accountant for Monster Inc. provides you (below) withthe firm’s most recent financial statements, with some missinginformation.

BALANCE SHEET (in $ millions)	12/31/13	12/31/12
Cash	X	X
Accounts Receivable	333	212
less: Allowance for Doubtful Accounts	(36)	(11)
Prepaid Rent	9	4
Inventory	177	100
Property, Plant & Equipment	660	886
less: Accumulated Depreciation	(323)	(270)
	X	X
Accounts Payable to Suppliers	65	70
Payables for Selling & Administration	X	X
Income Taxes Payable	47	X
Dividends Payable	39	33
Common Stock	X	X
Retained Earnings	237	102
	X	X
2013 Cash Flow Statement (in $ millions))
Cash collected from customers	407
Cash paid to suppliers
Cash paid in advance for rent	(40)
Cash paid for S & A costs	X
Cash paid for income taxes	(32)
NET CASH FLOW FROM OPERATING ACTIVITIES		X
Cash received from sale of equipment	250
NET CASH FLOW FROM INVESTING ACTIVITIES		250
Cash received from issue of common stock	X
Cash dividends paid to shareholders	??
NET CASH FLOW FROM FINANCING ACTIVITIES		X
2013 INCOME STATEMENT (in $ millions)
Sales Revenue	??
Cost Of Goods Sold	(210)
Bad Debts Expense	(30)
Depreciation Expense	X
Other Operating Expenses
Income before Taxes	X
Income Tax Expense	X
Gain on the Sale of Equipment (net of $15 tax on gain)	35
NET INCOME	174

REQUIRED: Compute the amounts below, placingyour answers in the spaces provided below.

Answers: (in $millions)

Cash dividends paid to shareholders during 2013
Accounts Receivable written off during 2013
Sales Revenue during 2013
Historical cost of the equipment sold during 2013
Net book value of the equipment sold during 2013