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Can someone help me and create a cash flow statement for the following Income statement & Balance sheet for years 2007 & 2008? Exhibit 1
Can someone help me and create a cash flow statement for the following Income statement & Balance sheet for years 2007 & 2008?
Exhibit 1 INCOME STATEMENTS 2006 $16,200 10,445 $5,755 3,054 396 $2,305 2007 $17,450 11,956 $5,494 3,130 | 720 $1,644 2008 $16,500 11,950 $4,550 3,379 | 756 $415 Net Sales Cost of Goods Sold Gross Profit Selling and Administration Depreciation Operating Income Other Income Interest Income Other Expense Interest Expense Income Before Taxes Income Taxes Net income 21 10 407 $10 246 $2,080 624 $1,456 291 $1,363 409 $954 $7 Exhibit 2 BALANCE SHEETS 2006 | 2007 | 2008 $234 1,034 3,250 L $122 488 3,450 1,350 138 1,700 143 $7,391 $61 99 2,854 1,395 42 1,200 188 $5,839 L 200 2,030 182 $7,955 | Current Assets Cash Temporary Investment Accounts Receivable, Net Raw Materials Inventory WIP Inventory Finished Goods Inventory Prepaid Expenses Total Current Assets Fixed Assets Land , Plant, and Equipment Less: Accumulative Depreciation Net Land, Plant, Equipment Total Assets Current Liabilities Accounts Payable Income Taxes Payable Current Portion of Long-term Debt Total Current Liabilities Long-term Liabilities Shareholders' Equity Common Shares Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $4,893 1,380 3,513 $11,468 $7,076 2,100 4,976 $12,367 9,590 2,856 6,734 $12,573 $534 54 1,000 $1,588 3,190 $543 35 1,145 $1,723 | 3,500 500 23 1,340 $1,863 4,059 1,350 5,340 $6,690 $11,468 1,350 1,350 5,794 5,301 $7,144 $6,651 $12,367 | $12,573Step by Step Solution
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