Complete a Statement of Cash Flows ABC Corporation
Balance Sheet
For the Year Ended December 31, 2014
Assets
Current Assets:
Cash			1,270,676
Accounts Receivable		190,300
Less: Allowance for Doubtfull Accounts		(25,000)	165,300
Interest Receivable			16,000
Prepaid Insurance			17,400
Short-term Investments			167,000
Total Current Assets				1,636,376
Long-term Investments:
Investment in Bonds of Intuit Corp		200,000
Less: Investment in Bonds of Intuit Corp: Discount		$ (18,615)	181,385
LT (Debt) Investments (HTM)			177,824
Total Long-term Investment				359,209
Property, Plant, and Equipment:
Building		150,000
Less: Accumulated Depreciation: Building		(5,400)	144,600
Equipment		50,000
Less: Accumulated Depreciation: Equipment		(29,359)	20,641
Land			75,000
Lease Equipment			43,796
Total Property, Plant, and Equipment				284,037
Patent				37,500
Pension-related Asset				10,000
Total Assets				2,327,122
Liabilities and Stockholder's Equity
Current Liabilities:
Accounts Payable			65,340
Income Taxes Payable			63,800
Unearned Rent Revenue			24,000
Wages Payable			$ 12,750
Total Current Liabilities				165,890
Long-term Liabilities:
Bonds Payable		1,600,000
Add: Premium on Bonds Payable		118,630	1,718,630
Lease Liability			33,293
Notes Payable			$ 236,175
Total Long-term Liabilities				1,988,098
Stockholder's Equity:
Common Stock			101,000
PIC in Excess of Par - Common Stock			33,000
Additional Paid in Capital - Treasury Stock			$ 21,000
Retained Earnings			$ (6,866)
Accumulated Other Comprehensive Income			15,000
Employee Stock Option Outstanding Account			10,000
Total Stockholder's Equity				173,134
Total Liabilities and Stockholder's Equity				2,327,122

ABC Corporation
Income Statement
For the Year Ended December 31, 2014
	Sales Revenue		792,845
	Less: Operating Expenses
	Wages Expense	80,350
	Office Expense	21,700
	Utilities Expense	31,000
	Advertising Expense	$ 8,400
	Insurance Expense	82,000
	Employee Compensation Expense	10,000
	Bad Debt Expense	25,000
	Pension Expense	40,000
	Depreciation Expense	33,759
	Total Operating Expenses		332,209
	Income from Operations		460,636
	Other Revenue/Expenses
	Rent Revenue	12,000
	Interest Income	19,561
	Interest Expense	(1,175)	30,386
	Income before Taxes		491,021
	Income Tax Expense		(63,800)
	Net Income		427,221

ABC Corporation
Statement of Retained Earnings
For the Year Ended December 31, 2014
Beginning Balance
Add: Net Income		$ 427,221
Less: Dividends		41,000
Ending Balance		$ 386,221