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Consider the following financial information of ABC Inc for 2014 and 2015 fiscal year: Data item 2014 2015 Inventory 25592 27200 Accounts payable 23284 27200

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Consider the following financial information of ABC Inc for 2014 and 2015 fiscal year: Data item 2014 2015 Inventory 25592 27200 Accounts payable 23284 27200 Fixed Assets 325,695 365300 Long-term Debt 90000 90000 Sales 336329 Notes payable 12000 10900 Accounts receivable 12548 15300 Cost of Goods Sold 231000 Other current liabilities 11671 15900 Cash 24056 24200 Depreciation 21600 Common Stock 42000 42000 Dividends 21000 Accumulated retained earnings 208936 233000 Interest Expense 24265 Tax rate 35% Prepare the Income state and statement of cash flows for 2015, and Balance Sheet for 2014 and 2015 to identify the change in cash in 2015. Consider the following financial information of ABC Inc for 2014 and 2015 fiscal year: Data item 2014 2015 Inventory 25592 27200 Accounts payable 23284 27200 Fixed Assets 325,695 365300 Long-term Debt 90000 90000 Sales 336329 Notes payable 12000 10900 Accounts receivable 12548 15300 Cost of Goods Sold 231000 Other current liabilities 11671 15900 Cash 24056 24200 Depreciation 21600 Common Stock 42000 42000 Dividends 21000 Accumulated retained earnings 208936 233000 Interest Expense 24265 Tax rate 35% Prepare the Income state and statement of cash flows for 2015, and Balance Sheet for 2014 and 2015 to identify the change in cash in 2015

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