1.) From the following information prepare a professional looking balance sheet for ABD Company, dated Dec. 31, 2013:

Accounts Payable 290,000

Cash 435,000

Inventory 420,000

Common Stock ($1:00 par) 285,000

Accounts receivable 486,000

Allowance for bad debt 74,000

paid in capital 512,000

retained earnings ?

plant and equipment 1,715,000

accumulated Depreciation 438,000

bonds payable 955,000

wages payable 290,000

taxes payable 66,000

2.) Using the following information prepare cash flow statement for xyz company for the year ending dec 31, 2013 identifying: cash flow from operating activities, cash flow from investing activities, and cash flow from financing activities as well as total change in cash and cash balance on dec 31, 2013

net income (year 2013) 1,446,000

depr expense 260,000

gain on sale of machine 80,000

decrease in accounts receivable 122,000

increase in inventory 215,000

increase in current liabilities 312,000

equipment sold 764,000

machines purchased 1,320,000

bonds payable paid 1,830,000

common stock issued (sold) 2,300,000

dividends paid 630,000

cash balance Jan. 1, 2013 $1,280,000

net change in cash in 2013.....?

cash balance, dec. 31, 2013....?