Cash Flow Quiz
Problem One: Below you will find a comprehensive balance sheet.
Please use the information to prepare a cash flow statement.
Assets				2017	2016
Cash				$ 75,000	$ 20,000
Accounts Recievable				$ 200,000	$ 140,000
Equipment				$ 90,000	$ 32,000
Less: Accumulated Deprecation				$ 30,000	$ 10,000
Total				$ 335,000	$ 182,000
Liabililties and Equity
Accounts Payable				$ 32,000	$ 30,000
Common Stock				$ 220,000	$ 120,000
Retainted Earnings				$ 83,000	$ 32,000
				$ 335,000	$ 182,000
Notes:
Net Income was $101,000 and dividends where $50,000
New equipment was purchased but none was sold