Question
Comparative Balance Sheet Create a statement of cash flow from what's provided For year ended December 31, 2019 Dec. 31, 2019 Dec.31, 2018 Assets Cash
Comparative Balance Sheet
Create a statement of cash flow from what's provided
For year ended December 31, 2019
Dec. 31, 2019 Dec.31, 2018
Assets Cash $ 56,353 $ 40,123
Accounts receivable 22,414 19,237
Prepaid expenses 5,730 12,706
Inventory 37,122 34,933
Equipment 66,575 50,331
Acc. Dep. Equip. (14,127) (10,114)
Total Assets $ 174,067 $ 147,216
Liabilities & Equity
Accounts Payable $ 5,739. $ 9,889
Bonds Payable 39,000 49,000
Common stock 73,000 50,000
Retained Earnings 56,328 38,327
Total Liab & Equity $ 174,067 $147,216
Additional Information: 1. Net income for the year ending December 31, 2018 was $ 18,898 which includes depreciation expense of $ 4,013 .
2. Dividends paid in cash were $ 897
3. Bonds with a face-value of $ 10,000 were redeemed at face value upon maturity of the bonds in cash.
4. Common Stock with a par value of $ 23,000 were issued at par value for cash.
Create a statement of cash flow from what's provided.
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