Account Description 12/31/2017 12/31/2016 Assets Cash & Cash Equivalents 45,000 13,000 Accounts Receivable 91,000 88,000 Equipment 139,000 22,000 Accumulated Depreciation - Equipment (17,000) (11,000) Total Assets 258,000 112,000 Liabilities & Stockholders' Equity Accounts Payable 20,000 15,000 Bonds Payable 100,000 0 Common Stock 100,000 80,000 Retained Earnings 38,000 17,000 Total Liabilities & Stockholders' Equity 258,000 112,000 Additional Information (A) Net income for 2017 was $44,000. (B) New equipment was purchased in 2017 but none was sold. (C) Cash dividends of $23,000 were declared and paid in 2017. (D) $100,000 of equipment was acquired by the issuance of Bonds Payable.

Step 7 - The subtotals of the 3 sections (i.e., Operating Activities, Investing Activities, and Financing Activities) of the Cash Flow Statement must equal the change in Cash and Cash Equivalents, and then by adding Cash at the beginning of the year, the Cash Balance at the end of the year is computed (and equals the Cash Balance at the end of the current year).

Net Increase (Decrease) In Cash & Cash Equivalents:

Cash & Cash Equivalents - Beginning Of Year:

Cash & Cash Equivalents - End Of Year :