Balance Sheet \ Assets: \ Cash 30,550 13,232\ Acccounts Receivable, net 12,150 2,100 10,050\ Inventory 70,150 1,950 90,100\ Equipment 41,500 49,900\ Accumulated Depreciation -15,300 -13,500\ Investment in Greene Co. 57,000 20,160 77,160\ Patent 6,000 5,400\ Total Assets 202,050 232,342\ \ Liabilities: \ Accounts Payable 25,400 23,900\ Salaries Payable 600 500\ Dividends Payable 7,000 8,000\ Note Payable 20,000\ \ Shareholders' Equity: \ Common Stock, $1 par 83,000 89,000\ Paid-in Capital-excess of par 17,000 21,000\ Retained Earnings 69,050 69,942\ Total Liab & Shareholders' Equity 202,050 232,342\ \ Increases Decreases \ to Cash to Cash \ Statement of Cash Flows Debit Credit \ Operating Activities: \ Net Income 32,892 \ Adjustments for Non-Cash Effects: \ Loss on Sale of Equipment \ Depreciation Expense \ Patent Amortized \ Equity Method Income \ Equity Method Dividends \ Decrease in Accts Receivable, net \ Increase in Inventory \ Decrease in Accounts Payable \ Decrease in Salaries Payable \ Net Cash Flows from Operating Activities 32,892\ \ Investing Activities: \ Equipment Sold \ Equipment Purchased \ Net Cash Flows from Investing Activities 0\ \ Financing Activities: \ Dividends Paid \ Stock Issued \ Net Cash Flows from Financing Activities 0\ \ Increase/(Decrease) in Cash 32,892\ \ TOTALS 32,892 0 \ \ Non-Cash Investing and Financing Activities: \ Equipment purchased with a Notes PayableBalance Sheet \ Assets: \ Cash 30,550 13,232\ Acccounts Receivable, net 12,150 2,100 10,050\ Inventory 70,150 1,950 90,100\ Equipment 41,500 49,900\ Accumulated Depreciation -15,300 -13,500\ Investment in Greene Co. 57,000 20,160 77,160\ Patent 6,000 5,400\ Total Assets 202,050 232,342\ \ Liabilities: \ Accounts Payable 25,400 23,900\ Salaries Payable 600 500\ Dividends Payable 7,000 8,000\ Note Payable 20,000\ \ Shareholders' Equity: \ Common Stock, $1 par 83,000 89,000\ Paid-in Capital-excess of par 17,000 21,000\ Retained Earnings 69,050 69,942\ Total Liab & Shareholders' Equity 202,050 232,342\ \ Increases Decreases \ to Cash to Cash \ Statement of Cash Flows Debit Credit \ Operating Activities: \ Net Income 32,892 \ Adjustments for Non-Cash Effects: \ Loss on Sale of Equipment \ Depreciation Expense \ Patent Amortized \ Equity Method Income \ Equity Method Dividends \ Decrease in Accts Receivable, net \ Increase in Inventory \ Decrease in Accounts Payable \ Decrease in Salaries Payable \ Net Cash Flows from Operating Activities 32,892\ \ Investing Activities: \ Equipment Sold \ Equipment Purchased \ Net Cash Flows from Investing Activities 0\ \ Financing Activities: \ Dividends Paid \ Stock Issued \ Net Cash Flows from Financing Activities 0\ \ Increase/(Decrease) in Cash 32,892\ \ TOTALS 32,892 0 \ \ Non-Cash Investing and Financing Activities: \ Equipment purchased with a Notes Payable