Check my work Totul ARE $263,200 5252.000 Bacoance payable $ 29,600 5 32.800 $ 81,600 $ 87,200 Other M uad libli.AR Paual cu ililsea Lang-tweet Total liabilities Stockholders' Equity Carexan stock, ma per value, 32,00C shares authori 26,000 and 22,400 shares issued, respectively $100,00 5124,000 , $ 83,200 $ 75,800 $ 51,200 $34.900 Beginning balance e inca far month 19.000) 72,000 - 520 Ending balance Pacal stoololders' equily Tatal bilan and turkholders' wguity forences 8263,200 5252,000 Required: a. Calculate the change that occurred in cash during the month. You may assume that the change in each balance sheet amount is due to a single avant (for example, the change in the amount of production equipment is not the result of both a purchase and sale af equipment). Because the retained earnings section of the balance sheet is, in and af self, an analysis of the change in the retained caminas account for the manth, the row for nat income and dividends should be entered as the February amount and not the change. Use the space to the right of the.anuary 31 data to enter the difference between the February 28 and January 31 arounts of each balance sheet item. b. Prepare a statement of cash flows that explains above changes? Complete this question by entering your answers in the tabs below. Required A Required e Calculate the change that occurred in cesh during the month. You may assume that the change in each balance sheet amount is due to a single event (for example, the charge in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earnings section of the balance sheet is, in and of itself, an analysis of the change in the retained earnings account for the month, the row far net ingame and dividends should be entered as the February amount and rot the change. Use the space to the right of the January 31 data to enter the difference between the February 28 and January 31 amounts of each balance sheet item. Show less Required A Required B Calculate the change that occurred in cash during the month. You may assume that the change in each balance sheet amount is due to a single event (for example, the change in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earnings section of the balance sheet is, in and of itself, an analysis of the change in the retained earnings account for the month, the row for net income and dividends should be entered as the February amount and not the change. Use the space to the right of the January 31 data to enter the difference between the February 2R and January 31 amounts of each balance sheet item. Show less MILLCO INC. Balance Sheets January 31 and February 28, 2020 February 28 January 31 Change Assets $ $ 33.000 51 200 64 DO 149,600 20,600 42,400 75.200 147,200 $ $ Accounts receivable Merchandise inventory Total current assets Plant and equipment: Production equipment Less: Accumulated depreciation Total assets 132.400 (19,200) 283 200 121,600 (16.800) 252,000 $ $ $ $ 29,800 35 200 18,00 1000 26.400 100.000 32,800 35,200 19,200 87,200 36,800 124,000 S S $ $ Liabilities Accounts payable Shan-term dobt Other accrued liabilities Total current labios Long-term debt Total abilities Stockholders' Equity Common stock Retained camings Beginning balance Net income for month Dividends Ending balance Total stockholders equity Total liabilities and stockholders' equity S 83.2005 76,800 $ 51 200 $ 34,400 28 800 23.200! (8,000) (400) $ 72,000 $ 51,200 IS155200 $ 128000 S 252,000 Required > Check my work m . 165 points Required: a. Calculate the change that occurred in cash during the month. You may assume that the change in each balance sheet amount is due to a single event for exemple, the change in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earrings section of the balance sheet is, in and of itselt, an analysis of the change in the retired earnings account for the month, the row far net income and dividends should be entered as the February annount and nat the change. Use the space to the right of the January 31 dnt to enter the difference between the February 28 and January 31 amounts of each balance sheet item. b. Prepare a statement of cash flows that explains above changes? Complete this question by entering your answers in the tabs below. O Required A Required Acrences Prepare a statement of cash flows that explains above changes? (Amounts to be deducted should be indicated by a minus sign.) MILLCO INC. Statement of Cash Flows For the Month Ended February 28, 2020 Cash Mastrom ccerating activities Add ideducere not affecting cash: Cash or from investing Acties: Cash Mans from financing Acties: