All of the above options can be filled in on the left side of the statement

Assume that in January 20x6, a Hotcake House restaurant purchased a building paying $57,000 cash and signing a $108,000 note payable. The restaurant paid another $60,000 to remodel the building Furniture and fixtures cost $54,000, and dishes and supplies a current asset-were obtained for $10,200. Hotcake House is depreciating the building over 20 years by the straight-line method, with estimated residual value of $55,000. The furniture and fixtures will be replaced at the end of five years and are being depreciated by the double-declining-balance method, with zero residual value. At the end of the first year, the restaurant still has dishes and supplies worth $1,900 Requirement 1. Show what the restaurant will report for supplies, PPE, and cash flows at the end of the first year on its Income Statement Balance Sheet Statement of Cash Flows (investing only) Note: The purchase of dishes and supplies is an operating cash flow because supplies are a current asset. (KONNA Requirement 1. Show what the restaurant will report for supplies, PPE, and cash flows at the end of the first year on its Income Statement, Balance Sheet, and Statement of Cash Flows (investing only). Begin with the income statement Income Statement Expenses Assui anoth is der five y Building suppl Requ Depreciation expense - building 1. S Depreciation expense - furniture and fixtures d a building, paying $57,000 cash and signing a $108,000 note payable. The restau $54,000, and dishes and suppliesa current asset-were obtained for $10,200. Hot with estimated residual value of $55,000. The furniture and fixtures will be replaced > method, with zero residual value. At the end of the first year, the restaurant still has flows at the end of the first year on its Furniture and fixtures N flow because supplies are a current asset Less: Accumulated depreciation HR Purchase of building Requ State Purchase of furniture and fixtures PE, and cash flows at the end of the first year on its Income Statement, Balance Sheet, Begir Supplies Inco Supplies expense Expe