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9. Draw a statement of cash flow for Agarthar Inc for the year ended December 31, 2018. Also interpret your results. (15 marks) Agarthar Inc

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9. Draw a statement of cash flow for Agarthar Inc for the year ended December 31, 2018. Also interpret your results. (15 marks) Agarthar Inc Balance Sheets on 12/31/17 and 12/31/18 Cash Marketable securities Account receivables Inventory Total current asset Net plant and equipment Total asset 2017 2018 $94,500 $90,000 $6,000 $6,200 55,000 55,600 57,000 69,000 $212,500 $220,800 $110,000 $120,000 $322,500 $340,800 change ($4,500) $200 $600 $12,000 $8,300 $10,000 $18,300 $1,000 Account payable Note payable interest bearing) Total current liabilities Long term debt Preferred stock Common stock equity Total liabilities and equity 185,500 189,000 $3,500 50,000 51,000 $235,500 $240,000 $4,500 $30,000 $50,000 $20,000 $20,000 $0 $20,000) $37,000 $50,800 $13,800 $322,500 $340,800 $18,300 Agarthar Inc Income Statement for the year ended 12/31/09 Sales CGS Gross profit Operating expenses Depreciation Operating Income Interest Tax (40%) Net income after tax Dividend to P/S Earning available to C/S number of C/S outstanding EPS 2009 $200,000 -130,000 $70,000 -30,000 - 10,000 $30,000 -5,000 -2,000 $23,000 0 $23,000 10,000 $2.30

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