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136 #8 Cash Flow Homework Problem 18 From the following information for Declan's Doodads, prepare a Statement of Cash Flows for the year ended December

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136 #8 Cash Flow Homework Problem 18 From the following information for Declan's Doodads, prepare a Statement of Cash Flows for the year ended December 31, 2019. Balance Balance 12/31/18 12/31/19 38,900 45,000 90,000 2,600 280,000 20,000 95,900 78,000 70,000 3,600 320,000 80,000 130,000 32,000 39,000 2,000 12,000 6,500 10,000 130,000 310,000 140,000 1,200,000 700,000 220,000 48,000 46,000 60,000 15,000 6,000 14,000 27,000 Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accumulated Depreciation Land 20,000 30,000 10,000 4,000 7,500 5,000 150,000 160,000 90,000 Security Deposits Accounts Payable Wages Payable Rent Payable Interest Payable Taxes Payable Note Payable Common Stock ($1 each) Retained Earnings Sales Cost of Goods Sold Wage Expense Rent Expense Office Expenses Depreciation Expense Utilities Expense Insurance Expense Interest Expense Income Tax Expense The land was acquired on March 31, 2019 for cash. The additional common was sold on March 31, 2019 for $1 per share. The company did not sell any equipment during the year. All equipment purchased during the year was purchased for cash. The retained earnings balance for both years is after all closing entries have been made. The Note Payable requires payments of $20,000 principal plus interest at 10% on June 30th of each year

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