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Complete the cash flow statement for the Suz Business COMPLETE THE CASH FLOW STATEMENT FOR THE SUZ BUSINESS The Suz Business Statement of Income For

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Complete the cash flow statement for the Suz Business

COMPLETE THE CASH FLOW STATEMENT FOR THE SUZ BUSINESS The Suz Business Statement of Income For the Year Ended December 31, 2019 The Suz Business Balance Sheet December 31, 2019 2018 Sales Cost of Goods Sold Gross Margin $ 600,000 300,000 300,000 Assets Current Assets Cash Accounts Receivable Inventory Total Current Assets $ 160,000 $ 170,000 80,000 50,000 70,000 90,000 310,000 310,000 200,000 320,000 40,000 Operating Expenses Wage Expense $ 50,000 Rent Expense 24,000 Depreciation Expense 10,000 Utilities Expense 6,000 Total Operating Expenses 90,000 Income from Operations 210,000 Other Revenues & Total Other Revenues & Expenses Income Before Taxes 200,000 Tax Expense 60.000 Net Income $ 140,000 Property and Equipment Equipment Vehicles Less: Accumulated Depreciation Net Property & Equipment Other Assets Security Deposits Total Assets 310,000 160,000 1,000 2,000 $ 621,000 S 472,000 Earnings Per Share $ 2.55 Liabilities Current Liabilities Accounts Payable Wages Payable $ 9,000 8,500 $ 5,000 10,000 Paragraph UU, IVALCES VLIVUU 1 11 Lapeuse Net Income $ 140,000 Earnings Per Share $ 2.55 $ 9,000 8,500 48,000 7,500 S 5,000 10,000 62,000 5,000 20,000 93,000 20,000 102,000 Liabilities Current Liabilities Accounts Payable Wages Payable Taxes Payable Interest Payable Current Portion of Long- Term Debt Total Current Liabilities Long-Term Debt Note Payable Vehicle Note Payable Total Long Term Debt Total Liabilities Owners' Equity Common Stock ($1 each) Retained Earnings Total Owners' Equity Total Liabilities & Owners' Equity 35,000 130,000 165,000 258,000 150,000 150,000 252,000 60,000 303,000 363,000 50,000 170,000 220,000 $ 621,000 $ 472,000 The company purchased a vehicle on December 31 for $40,000. The company borrowed $35,000 at 7% interest. They will pay interest only and the loan is to be paid in 2026. The existing note payable is payable at $20,000 plus interest at 10% on December 31 of each year. During the year, the company sold 10,000 shares of common stock for $10,000. All of the equipment was purchased for cash

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