Chapter 12 Homework Problem 12-1 Larry's Landscaping April Statement of Cash Flows The homework problems for Chapter 12 will use Larry's Landscaping. To refresh your knowledge of Larry's Landscaping, see the heading "Larry's Landscaping, Inc. Starts Business" on Pg 155. The following are the Balance Sheets for Larry's Landscaping as of March 31, 2019 (the end of last period) and April 30, 2019 (the end of this period): April 30, 2019 March 31, 2019 Assets Cash ................$ 21,000 $ 17,500 Supplies 1,500 Prepaid Insurance .......... 3,300 Total Current Assets 25,800 17,500 Equipment ... 40,000 40,000 Building .. 100,000 100,000 Accumulated Depreciation Equipment (1.000) (500) Accumulated Depreciation Building ....... (2.000) (1.000) Land 20,000 20,000 Total Property, Plant & Equipment 157,000 158,500 Total Assets $182,800 $176.000 Liabilities Interest Payable 550 $ 0 Total Current Liabilities 550 Note Payable Long-Term ...................... 110,000 110,000 Total Liabilities 110,550 110,000 Owners' Equity Common Stock 6.000 -6.000 Paid-in Capital in Excess of Par Value.. 54,000 54,000 Retained Earnings. ... 12,250 6,000 Total Owners' Equity 72.250 66.000 Total Liabilities and Equity $182,800 $176.000 The following is additional information for the period April 1 to April 30, 2019: The Income Statement for April showed a Net Income of $6.250 Statement of Cash Flows (Indirect Method) for the Period April 1 to April 30, 2019 Cash Flows from Operating Activities Net Income Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Provided (Used) by Investing Activities Cash Flows from Financing Activities Cash Provided (Used) by Financing Activities Increase in Cash from April 1 to April 30, 2019 Beginning Cash Balance April 1, 2019 Increase in Cash from April 1 to April 30, 2019 Ending Cash Balance April 30, 2019 12-1 12-2 12-3 12-4 + Ready a