Chia Pet Caf had the following balance sheet and income statement for the years Year 2 and Year 3. During Year 3, Chia Pet sold a piece of equipment that originally cost $15,000 and had accumulated depreciation of $4,000 for $8,000. Required: Prepare a Statement of Cash Flows for Chia Pet Caf for Year 3. Chia Pet Caf Best December 31 525.000 34.000 553.500 $32,000 45.950 4.000 571.950 Am Cash Accounts receivable Inventory Total Current Assets Fixed Assets Building.com Less accumulated depreciation Net fixed Total Ass 155.00 5461,000 195.000 SM1.000 357.942 $13,000 2002 $36.000 5214.00 5250.000 $19.000 25,000 545.000 $195.000 Liabilities and we'liquity Account Payable Current portice of long-term det Total Current List Langlem debe Total Liabilities Owend Equity Comme Stock Retained in Total Owner's Equity Total abilities and Owenty 375.000 $40,000 77950 $117.950 $236.500 Care Income Statement for den ended December 31 Year 2 Yews Sales Food Revenge 17.00 107.000 Total Sales 5766.000 Cost of Sales Food 234.000 Beverage 45.000 41.00 Total Cost of Sales 279.000 S288.900 Gruss Profit SH.000 $77.300 Labour Expenses Payroll 14.000 5344,000 Benefits 23.800 24.00 Total Labour Cow $94300 5261,600 Opening Expres Credit cand expenses SITO $19.000 Property tax Auditud lepel 3.000 Advertising 1300 5.000 Lilities and insurance 27,000 31,000 Repairs and maintenance 10.000 10,000 25.000 33.000 Total Expensefore Depreciation $10.00 $124.500 Depreciation building $20.000 $20,000 Depreciation fixtures 23.000 24,000 Tool Operating $16.500 17.500 5.000 3.000 2.000 Chia Pet Caf had the following balance sheet and income statement for the years Year 2 and Year 3. During Year 3, Chia Pet sold a piece of equipment that originally cost $15,000 and had accumulated depreciation of $4,000 for $8,000. Required: Prepare a Statement of Cash Flows for Chia Pet Caf for Year 3. Chia Pet Caf Best December 31 525.000 34.000 553.500 $32,000 45.950 4.000 571.950 Am Cash Accounts receivable Inventory Total Current Assets Fixed Assets Building.com Less accumulated depreciation Net fixed Total Ass 155.00 5461,000 195.000 SM1.000 357.942 $13,000 2002 $36.000 5214.00 5250.000 $19.000 25,000 545.000 $195.000 Liabilities and we'liquity Account Payable Current portice of long-term det Total Current List Langlem debe Total Liabilities Owend Equity Comme Stock Retained in Total Owner's Equity Total abilities and Owenty 375.000 $40,000 77950 $117.950 $236.500 Care Income Statement for den ended December 31 Year 2 Yews Sales Food Revenge 17.00 107.000 Total Sales 5766.000 Cost of Sales Food 234.000 Beverage 45.000 41.00 Total Cost of Sales 279.000 S288.900 Gruss Profit SH.000 $77.300 Labour Expenses Payroll 14.000 5344,000 Benefits 23.800 24.00 Total Labour Cow $94300 5261,600 Opening Expres Credit cand expenses SITO $19.000 Property tax Auditud lepel 3.000 Advertising 1300 5.000 Lilities and insurance 27,000 31,000 Repairs and maintenance 10.000 10,000 25.000 33.000 Total Expensefore Depreciation $10.00 $124.500 Depreciation building $20.000 $20,000 Depreciation fixtures 23.000 24,000 Tool Operating $16.500 17.500 5.000 3.000 2.000
