$ 800 $ Accounts Payable Notes Payable Accruals 1.300 2,575 1850 870 850 Total Current Liabilities 3520 4725 3 of 3 Long Term Debts 12300 13,000 Total Debts 15820 17.725 Preferred Stock Common Stock Paid in Capital le of par value Retained Earnings Total Stockholders equity 550 4100 325 1650 500 2500 275 1600 4875 6625 TOTAL DEBTS AND S. EQUITY 22,445 $ 22,600 A. Prepare a Statement of Cash Flows for the year ended December 31, 2021, organized by cash flow from operating activities, cash flow from investment activities, and cash flow from financing activities. (Value: 26 points, 20 issues @1.30 each) B. Compute the cash dividends paid, if any. (3 points) C. Evaluate each part of the statement with a minimum of two sentences each. (3 points) 1. Operating activities 2. Financing Activities 3. Investing Activities with the professor The work, together with the Cash Budget, represents around 7% of the grade for the course. God bless you. PART I: STATEMENT OF CASH FLOWS- Value: 32 points Prepare the Statement of Cash Flows based on the information sent by PickU Corporation PickU Corporation Income Statement for the year ended Dec 31, 2021 2020 2019 47.000 Sales revenue $ 52,000 23.000 18.000 less Cost of Goods Sold Gross Profits 29.000 29,000 4,500 3,500 625 800 Less General and Adm. Expenses Selling Expenses Depreciation expense Total Expenses 325 580 5,880 4.450 24.550 23.120 1.200 1.000 Operating Profits less Interest Expenses Net Profit Before Taxes less Taxes 21% 21.920 23.550 4945.5 18,605 Net Profits After Taxes less Preferred Dividends 4603.2 17.317 325 16.992 $ 325 Earnings Available To Common Stockholders $ 18,280 PickU Corporation Balance Sheet For the Years Ended December 31, 2021 and 2020 2020 2019 ASSETS Cash $ 650 $ 600 3500 Marketable Securities Accounts Receivable 2600 4200 3700 4.300 Inventory 5200 Total Current Assets 11150 13600 12000 9200 2200 Buildings Machinery Equipments Total Gross Assets Less Accumulated Depreciation Net Fixed Assets 2,100 875 14.975 700 12.100 3100 3680 11,295 9.000 Total Assets $ 22,445 $ 22,600 LIABILITIES AND EQUITY $ $ Accounts Payable Notes Payable Accruals 800 1850 1.300 2,575 870 850 Total Current Liabilities 3520 4725 Long Term Debts 12300 13.000 Total Debts 15820 17.725 Preferred Stock Common Stock Paid in Capital ie of par value Retained Earnings Total Stockholders equity 550 4100 325 1650 6625 500 2500 275 1600 4875 TOTAL DEBTS AND S. EQUITY 22,445 $ 22.600 $ 800 $ Accounts Payable Notes Payable Accruals 1.300 2,575 1850 870 850 Total Current Liabilities 3520 4725 3 of 3 Long Term Debts 12300 13,000 Total Debts 15820 17.725 Preferred Stock Common Stock Paid in Capital le of par value Retained Earnings Total Stockholders equity 550 4100 325 1650 500 2500 275 1600 4875 6625 TOTAL DEBTS AND S. EQUITY 22,445 $ 22,600 A. Prepare a Statement of Cash Flows for the year ended December 31, 2021, organized by cash flow from operating activities, cash flow from investment activities, and cash flow from financing activities. (Value: 26 points, 20 issues @1.30 each) B. Compute the cash dividends paid, if any. (3 points) C. Evaluate each part of the statement with a minimum of two sentences each. (3 points) 1. Operating activities 2. Financing Activities 3. Investing Activities with the professor The work, together with the Cash Budget, represents around 7% of the grade for the course. God bless you. PART I: STATEMENT OF CASH FLOWS- Value: 32 points Prepare the Statement of Cash Flows based on the information sent by PickU Corporation PickU Corporation Income Statement for the year ended Dec 31, 2021 2020 2019 47.000 Sales revenue $ 52,000 23.000 18.000 less Cost of Goods Sold Gross Profits 29.000 29,000 4,500 3,500 625 800 Less General and Adm. Expenses Selling Expenses Depreciation expense Total Expenses 325 580 5,880 4.450 24.550 23.120 1.200 1.000 Operating Profits less Interest Expenses Net Profit Before Taxes less Taxes 21% 21.920 23.550 4945.5 18,605 Net Profits After Taxes less Preferred Dividends 4603.2 17.317 325 16.992 $ 325 Earnings Available To Common Stockholders $ 18,280 PickU Corporation Balance Sheet For the Years Ended December 31, 2021 and 2020 2020 2019 ASSETS Cash $ 650 $ 600 3500 Marketable Securities Accounts Receivable 2600 4200 3700 4.300 Inventory 5200 Total Current Assets 11150 13600 12000 9200 2200 Buildings Machinery Equipments Total Gross Assets Less Accumulated Depreciation Net Fixed Assets 2,100 875 14.975 700 12.100 3100 3680 11,295 9.000 Total Assets $ 22,445 $ 22,600 LIABILITIES AND EQUITY $ $ Accounts Payable Notes Payable Accruals 800 1850 1.300 2,575 870 850 Total Current Liabilities 3520 4725 Long Term Debts 12300 13.000 Total Debts 15820 17.725 Preferred Stock Common Stock Paid in Capital ie of par value Retained Earnings Total Stockholders equity 550 4100 325 1650 6625 500 2500 275 1600 4875 TOTAL DEBTS AND S. EQUITY 22,445 $ 22.600