1 Chapter 1 Problem 14 2 a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2014 3 b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2014 4 2013 2014 Balance Sheet: Current Assets Cash Accounts Receivable Inventories Total current assets Noncurrent Assets Land Buildings Equipment Patent Accumulated depreciation Total noncurrent assets Total Assets $47,500 $76,700 SO $43,100 $49,000 $36,500 6,500 $156,300 10 12 13 14 15 16 17 18 19 20 S15,800S15,800 S103,600S164,600 S63,200 S65,500 S5,200 S10,800 S12200 238,900 $273,500 S395,200 S5,200 177,000 Current Liabilities Accounts payable to suppliers Income taxes payable Total current liab ilities Noncurrent Liabilities Long tem debt Total liabilities Shareholders' Equity Common Stock Retained Earnings Total shareholders' equity Total Liabilities and Shareholders Equity 48,000 $25,900 SO S10,700 6,600 23 8,000 25 26 S100,100 $134,000 170,600 $148,100 28 29 S125,400S177,400 SO S47,200 125,400 $224,600 S273,500S395,200 31 32 35 2014 Income statement Sales Cost of goods sold Depreciation expenses Net in terest expenses Other expenses Income before taxes Provision for income taxes Net income Dividends paid Additions to retained eamings 37 $165,300 46,200 1400 -2,000 5,600 110,100 40,900 9,200 22,000 S47,200 39 40 41 45