11 12 13 Warner Company Comparative Balance Sheet December 31 14 15 Change in Assets/Liabilities/Equity excluding Cash - Trend Analysis 16 17 Assets 2019 2018 18 19 20 Cash Accounts Receivable Inventory Total Current Assets $35,000 $20,000 $28,000 $83,000 $20,000 $14,000 $20,000 $54,000 21 22 23 24 25 26 Property Plant & Equipment Land Equipment Accumulated Depreciation Total PP&E $0 $60,000 $32,000 $28,000 $0 $78,000 $24,000 $54,000 27 28 29 30 Total Assets $111,000 $108,000 31 32 33 34 Liabilities & Stockholders Equity Current Liabilities Accounts Payable Income Tax Payable Total Current Liabilities 35 $19,000 $7,000 $26,000 $15,000 $8,000 $23,000 36 37 38 Long Term Liabilities Bonds Payable 39 $17,000 $33,000 40 41 Equity Common Stock Retained Earnings Total Equity 43 $18,000 $50,000 $68,000 $14,000 $38,000 $52,000 45 46 Total Liabilties & Equity $111,000 $108,000 47 48 49 Additional Information 50 51 Net Income for 2022 was Depreciation expense was $32,000 $17,500 52 53 54 55 9 8 && During the year equipment with a book value of 18,000 was sold for $8,500 cash, The accumulated depreciation on the equipment was $9,500 Cash Dividends of $20,000 was declared & paid Bonds payable for $ 16,000 was redeemed for cash $16,000 Common stock was issued for $4,000 58 59 60 61 PREPARE IN GOOD FORM STATEMENT OF OPERATINGS 62 63 64 65 66 Wamer Company Statement of Cash Flow For the year ending December 31, 2019 67 68 69 70 71 72 73 74 Cash Flow from Operations Net Income Adjustments to reconcile net income to net cash provided by operating activities Depreciation expense Change in Current Assets/Current Liabilities Accounts Receivable Inventory Prepaid Expenses Income Tax Payable Accounts Payable 75 76 77 78 79 80 $0 $0 81 Net Cash provided by Operating Activities 82 83 84 85 Cash Flow from Investing Activities Sale of Equipment Net Cash provided by Investing Activities 86 $0 87 8B 89 Cash Flow from Financing Activities Issuance of Stock Redemption of Bonds Payment of Cash Dividend 90 91 92 $0 93 94 Net Cash Flow $0 95 96 Cash at the beginning of the year 97 98 Cash at end of the year $0 99