a) What is cash for year 2?

b) What is accumulated depreciation in year 2?

c) What is bonds payable in year 2?

d) What is common stock for year 2?

e) What is retained earnings for year 2?

Snip Inc. Year 2 Statement of Cash Flows Operating Activities Net Income Depr Expense Change in A/R Change in Inv Change in A/P Change in Accrued Exp Operating Cash Flow 25,350.00 80,000.00 (6,706.00) (12,543.00) 7,146.00 (2,606.00) 90,641.00 ######### Investing Activities PPE Goodwill Investing Cash Flow (100,000.00) 50,000.00 50,000.00 50,000.00 Financing Activities Bonds Common Apic Financing Cash Flow Change in Cash Beginning Cash Balance Ending Cash Balance 150,000.00 140,641.00 65,000.00 205,641.00 Snip Inc. Years 1 & 2 Balance Sheets Year 1 Year 2 Cash 65,000.00 Accounts Receivable 120.000.00 Inventory 220,000.00 PP&E 850,000.00 Accumulated Depr. 1300.000.00) Goodwill 150,000.00 Total Assets 1.105.000.00 Accounts Payble Accrued Expenses Bonds Payable Common Stock APIC Treasury Stock Retained Earnings Total Liab and Equity 90,000.00 30,000.00 400,000.00 100,000.00 300,000.00 (50,000.00) 235,000.00 1,105,000.00 Snip Inc. Year 2 Income Statement Year 2 Revenue Cost of Goods Sold Gross Profit Depreciation Other Operating Operating Income Interest Expense Earnings Before Taxes Provision for Taxes Net Income 500,000.00 (275,000.00) 225,000.00 (80,000.00) (100,000.00) 45,000.00 (6,000,00) 39,000.00 113.650.00) 25 350.00