As of January 1, 2014, Concepts Inc. had a balance of $4,400 in Cash, $2,450 in Common Stock, and $1,950 in Retained Earnings. These were the only accounts with balances in the ledger on January 1, 2014. Further analysis of the companys cash account indicated that during the 2014 accounting period, the company had (1) net cash inflow from operating activities of $5,050, (2) net cash outflow for investing activities of $14,100, and (3) net cash inflow from financing activities of $7,350. All revenue and expense events were cash events. The following accounts and balances represent the general ledger of Concepts Inc. as of December 31, 2014, before closing.

CONCEPTS INC.

GENERAL LEDGER

Assets =

Liabilites +

Stockholders' Equity

Cash	Note Payable	Common Stock	Revenue
Bal. 2,700	Bal. 2,900	Bal. 7,750	Bal. 9,800
Land		Retained Earning	Expenses
Bal. 14,100		Bal. 1,950	Bal. 4,750
			Dividendes
			Bal. 850

Required

a- Assume that the net cash inflow from financing activities of $7,350 was caused by three events. Based on the information above, identify these events and determine the cash flow associated with each event. (Amounts to be deducted should be indicated with a minus sign.)

Cash Flow From Financing Activity
Net Cash Flow From Financing Activity

b-What did the company purchase that resulted in the cash outflow from investing activities?

Net cash out flow for the .

C-1 Prepare an income statement for the year ended December 31, 2014.

Income Statement For the year Ended December 31, 2014.

C-2 Prepare a statement of changes in stockholders' equity for the year Ended December 31, 2014.

.

CONCEPT INC.

Statment of Changes in Stockholder's Equity

For The year Ended December 31, 2014.

Begining Common Stock
Ending Common Stock
Begining Retained Earnings
Ending Retained Earnings
Total Stockholders' Equity

C-3 Prepare a balance sheet as of December 31, 2014.

CONCEPT INC.

Balance Sheet As of December 31, 2014

Assets
Total Assets
Liabilities
Total liabilities
Stock holders' Equity
Total Stockholders' Equity
Total Liabilities and Stock holders' Equity

C-4 Prepare a statement of cash flows for the year ended December 31, 2014. (Amounts to be deducted should be indicated with a minus sign.)

CONCEPT INC.

Statment of Cash Flows for the year ended December 31, 2014.

Cash flow from Operating ACtivity
Net Cash Flow from Operating Activity
Cash flow from Invisting Activity
Net cash flow from Invisting Activity
Cash flow from Financing Activity
Net Cash flow from financing Activity
Ending cash balance