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Balance Sheet 2002 2001 Accounts Payable 165 95 Accumulated Deprecation 520 339 Cash 200 100 Common Stock 1,000 700 Dividends Payable 40 25 Equipment 2,700

Balance Sheet

2002

2001

Accounts Payable

165

95

Accumulated Deprecation

520

339

Cash

200

100

Common Stock

1,000

700

Dividends Payable

40

25

Equipment

2,700

2,395

Income Tax Payable

100

135

Inventory

1120

890

Mortgage Payable

900

1265

Prepaid General Expense

300

350

Retained Earnings

1545

1098

Unearned Sales Revenue

50

78

Income Statement for 2002

Debit Credit

Sales

10,000

Loss on P.P.E.

100

COGS

6,000

General Expense

2,000

Depreciation Expense

330

Income Tax

700

Total Expense

9,130

Net Income

870

-What is the cash paid to repurchase shares of stock in 2002?

-What is the cash paid in inventory?

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