C4-2 Bertha's Bridal Boutique: Determining cash flow amounts from comparative balance sheets and income statements (LO 4-5, LO 4-7, LO 4-8) STRETCH AICPA ADAPTED The balance sheet and income statement for Bertha's Bridal Boutique are presented along with some additional information about the accounts. You are to answer the questions that follow concerning cash flows for the period. Balance Sheet Assets Current assets Cash Accounts receivable-nct Inventory Prepaid expenses Total current assets Long-term investments Property, plant, and equipment Less: Accumulated depreciation Total assets Liabilities and Stockholders' Equity Current liabilities Accounts payable December 31, 20X1 20X0 $ 450,000 692,000 $ 364,000 625,000 723,000 610,000 50,000 70,000 1,915,000 1,669,000 20,000 150,000 1,622,000 (100,000) 1,522.000 $ 3,587,000 815,000 (75.000) 740,000 $ 2,429,000 Accrued expenses Dividends payable Total current liabilities. Notes payable-due 20X4 Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 399,000 185,000 451,000 179,000 50,000 634,000 630,000 750,000 1,400,000 803,000 2,203,000 $ 3.587,000 1,300,000 499,000 1,799,000 $ 2,429,000