4030 Corp balance sheet accounts as of Dec 31, Year 2 and Year 1
and information related to Year 2 activities is presented:
		Year Two		Year One
Assets
Cash		$1,040,000		200,000
Acct Receivable		1,000,000		1,020,000
Inventory		1,300,000		1,200,000
Long-term Investments		400,000		600,000
Plant Assets		3,400,000		2,000,000
Accumulated Depreciation		-800,000		-900,000
Patents		180,000		200,000
Total Assets		$6,520,000		$4,320,000
Liabilities and SHE
Acct Payable		1,600,000		1,440,000
Taxes Payable		60,000		0
Notes Payable		580,000		0
Common Stock ($10 par)		600,000		400,000
Addl Paid in Capital		1,800,000		1,500,000
Retained Earnings		1,880,000		980,000
Total Liab & SHE		$ 6,520,000		$ 4,320,000
Year 2 Activities:
1. Net Income was $1500,000
2. Cash Dividends were paid $______________________
3. Plant Assets costing $1,000,000 with a carrying book value of $320,000 were sold for $360,000.
4. Long-term investment costing $200,000 was sold for $320,000.
5. 20,000 common stock shares were sold for $________________.
All other activities are assumed to be cash transactions.
Required:
Prepare in good order, labeling all items, the statement of cash flows showing
Cash flows from Operations
Cash Flows from Investing
Cash flows from Financing
and Proof of Change in Cash account