ADDITIONAL INFORMATION
	Dividends declared and paid 25000
	Equipment was sold for 8,500, it was bought for 18,000 and had a book value of 8,500 when sold
	All sales are credit sales

1.) CREATE THE CASH FLOW STATEMENT FOR 2011

2010 200,000 150,000 50,000 10,000 14,000 26,000 5,000 21,000 120,000 12.00 2010 Income Statement for year 2011 Net Sales Revenue (all Credit Sales) 230,000 Cost of Goods Sold 165,000 Gross Profit 65,000 Salaries & admin Expense 9,500 Depreciation Expense 14,500 Income before Tax 41,000 Tax expense 11,000 Net Income 30,000 Shares Outstanding 120,000 Stock Price $ 16.00 $ Balance sheet @ year end 2011 Current Assets Cash 33,000 Accounts Receivables, net (2009 ending 20,000) 33,000 Inventory (2009 ending 25,000) 27,000 Total Current Assets 93,000 Property Plant & Equipment 60,000 Accumulated depreciation (29,000) Total Assets 124,000 Accounts Payable 29,000 Income Tax Payable 7,000 Total Current Liabilities 36,000 Bonds Payable 27,000 Total Liabilities 63,000 Common Stock 18,000 Retained Earnings 43,000 Total Liabilities and Shareholders Equity 124,000 20,000 14,000 20,000 54,000 78,000 (24,000) 108,000 15,000 8,000 23,000 33,000 56,000 14,000 38,000 108,000