Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent):
2017 2018
Sales $ 23,549 $ 19,188
Depreciation 2,516 2,624
Cost of goods sold 6,390 6,871
Other expenses 1,441 1,248
Interest 1,180 1,395
Cash 8,746 9,667
Accounts receivable 11,628 13,902
Short-term notes payable 1,814 1,781
Long-term debt 29,480 35,579
Net fixed assets 73,091 78,030
Accounts payable 6,353 7,060
Inventory 20,662 22,002
Required:
(a) For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e. g., 32.16.)
Dividends 2,679 2,454

Reynolds corp. factors $400,000 of accounts receivable with mateer finance corporation on a without recourse basis on july 1, 2015. the receivables records are transferred to mateer finance, which will receive the collections. mateer finance assesses a finance charge of 1 ½ percent of the amount of accounts receivable and retains an amount equal to 4% of accounts receivable to cover sales discounts, returns, and allowances. the transaction is to be recorded as a sale.required: a. prepare the journal entry on july 1, 2015, for reynolds corp. to record the sale of receivables without recourse.b. prepare the journal entry on july 1, 2015, for mateer finance corporation to record the purchase of receivables without recourse— think through this.c. explain the difference between sale of receivables with recourse as oppose to without recourse.