1 Wolfpack Construction has the following account balances at the end of the year. Balances Accounts 1 Equipment Accounts payable Salaries expense $20,000 1,800 27,000 10,000 12,000 14,000 33,000 4,800 points Common stock Land eBook Notes payable Service revenue Cash Retained earnings ? Hint Required: Use only the appropriate accounts to prepare a balance sheet. Print WOLFPACK CONSTRUCTION Reference Balance Sheet December 31 Assets Liabilities Total liabilities Stockholders' Equity Total stockholders' equity 0 Total liabilities and stockholders' Total assets $ $ 0 0 equity 2 Tiger Trade has the following cash transactions for the period. Accounts Amounts 2 Cash received from sale of products to $38,000 points customers Cash received from the bank for long- term loan Cash paid to purchase factory equipment Cash paid to merchandise suppliers Cash received from the sale of an unused 43,000 (48,000) (11,600) eBook 12,600 warehouse Cash paid to workers Cash paid for advertisement Cash received for sale of services to (23,600) (3,600) Hint 28,000 customers Print Cash paid for dividends to stockholders (5,600) Reference Assume the balance of cash at the beginning of the period is $4,600. Required: 1. Calculate the ending balance of cash Ending balance 2. Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.) Statement of Cash Flows Cash Flows from Operating Activities Cash inflows: Cash outflows Net cash flows from operating activities Cash Flows from Investing $ Activities 2 Cash received for sale of services to 28,000 customers Cash paid for dividends to stockho l ders (5,600) 2 points Assume the balance of cash at the beginning of the period is $4,600. Required: 1. Calculate the ending balance of cash eBook Ending balance Hint Print 2. Prepare a statement of cash flows. (Cash outflows should be indicated by a minus sign.) Reference Statement of Cash Flows Cash Flows from Operating Activities Cash inflows: Cash outflows Net cash flows from operating activities Cash Flows from Investing Activities $ 0 Net cash flows from investing activities Cash Flows from Financing Activities Net cash flows from financing activities 0 Cash at the beginning of the year Cash at the end of the year