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Arlington Co. Year ending December 31, 2021 2020 CREATE YOUR CASH FLOW STATEMENT IN THE SPACE BELOW. Then summarize in rows 39, 40 and
Arlington Co. Year ending December 31, 2021 2020 CREATE YOUR CASH FLOW STATEMENT IN THE SPACE BELOW. Then summarize in rows 39, 40 and 41 below. Cash Accounts receivable 25,000 97,000 6,000 165,000 Inventory 155,000 130,000 Prepaid expenses 3,000 5,000 Total current assets 280,000 306,000 Land 450,000 450,000 Buildings and equipment 3,875,000 2,680,000 Accumulated depreciation (625,000) (185,000) Patents 3,800,000 2,800,000 Accumulated amortization (500,000) (100,000) Total Assets 7,280,000 5,951,000 Accounts payable 54,000 65,000 Accrued expenses 38,000 59,000 Accrued year end bonuses 125,000 28,000 Income taxes payable 75.000 70,000 Total current liabilities 292,000 222,000 Bonds payable 2,800,000 2,800,000 Bond discount (100,000) (200,000) Other noncurrent liabilities 250,000 225,000 Common stock 100,000 100,000 3.000.000 3.000.000
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