Complete the Statement of Cash Flows using the following information: There was no gain and looses in 20x2 The changed in Retained Earnings reflects reflect the Net Income for 20x2, no divident were paid out or declared: 151775 Depreciation expense is equal to accumulated depreciation: 415298

4 December 31, 20X1 and 20X2 20X1 20X2 Changes $ % $ % $ % 5 6 6 7 8 9 10 11 12 13 wie Assets Current Assets Cash Accounts Receivable Inventory Prepaids Total Current Assets 335,636 574,659 218,900 57,200 1,186,395 1.51% 2.59% 0.99% 0.26% 5.35% 359,875 426,183 199,000 68,945 1,054,003 1.70% 2.01% 0.94% 0.33% 24,239 (148,476) (19,900) 11,745 (132,392) 7.22% -25.84% + -9.09% + 20.53% 4.98% -11.16% 14 15 16 17 Investments 1,500,000 6.76% 1,000,000 4.73% (500,000) -33.33% - 18 19 20 21 22 Property and Equipment Land Building Equipment Accumulated Depreciation Net Property and Equipment 1,779,800 20,160,800 6,485,624 (8,929,800) 19,496,424 8.02% 90.88% 29.24% -40.26% 87.89% 1,779,800 20,160,800 6,508,560 (9,345,098) 19,104,062 8.41% 95.29% 30.76% -44.17% 90.29% 0.00% 0.00% 0.35% 4.65% 22,936 (415,298) (392,362) -2.01% 23 24 25 Total Assets 22,182,819 100.00% 21,158,065 100.00% (1,024,754) 4.62% 26 27 28 29 30 31 0.60% Liabilities & Owners' Equity Current Liabilities Accounts Payable Accrued Expenses Advanced Deposits Total Current Liabilities 358,269 558,088 220,617 1,136,974 1.62% 2.52% 0.99% 125,895 207,459 200,561 533,915 0.98% 0.95% (232,374) (350,629) (20,056) (603,059) -64.86% -62.83% -9.09% - -53.04% 5.13% 2.52% 32 33 Mortgage Payable 6,308,170 28.44% 5,734,700 27.10% (573,470) -9.09% 34 35 36 37 38 39 Common Stock Retained Earnings 3,700,000 11,037,675 16.68% 49.76% 3,700,000 11,189,450 17.49% 52.89% 0.00% 1.38% 151,775 Total Liabilities and Owners' Equity 22,182,819 100.00% 21,158,065 100.00% (1,024,754) 4.62% 40 1 2 The Cougar Hotel 3 Statement of Cash Flows For The Year Ending December 31, 20X8 5 6 Net Cash Flow From Operating Activities 7 Net Income 8 Adjustments to reconcile net income to 9 net cash from operating activities: 10 1 11 2 12 3 13 4 14 5 15 6 16 7 17 Net Cash flow provided/(used) from operating activities 18 19 20 EXTRA CREDIT 21 22 Investing Activities 23 1 24 2 25 Net Cash flow provided/(used) by investing activitiees 26 27 Financing Activities 28 1 29 Net Cash flow provided/Used by financing activities 30 31 Net change in cash for the period 32 Cash at the beginning of 20x8 33 Cash at the end of 20X8 34 35 36 37 38