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Create a 2014 Statement of Cash Flows for Jenny's Froyo, Inc. Please use the financial statements attached below. Jenny's Froyo, Inc. Balance Sheet at December
Create a 2014 Statement of Cash Flows for Jenny's Froyo, Inc. Please use the financial statements attached below.
Jenny's Froyo, Inc. Balance Sheet at December 31, 2013 Jenny's Froyo Inc. Balance Sheet at December 31, 2014 Jenny's Froyo Inc. Income Statement for the Year Ending December 31, 2014 Assets Cash Sales Cost of Goods Sold Gross Profit Prepaid Business License $125,900 $ 900 $ 10,000 $ 136,800 Assets Cash Treasury Bills Inventories Total Current Assets $143,125 $ 30,000 $ 15,000 $188,125 Inventories Total Current Assets Interest Income Operating Income Advertisement Property, Plant, and Equipment (Net) $ 23,500 Property, Plant, and Equipment (Net) $ 17,500 Business License Depreciation Credit Card Charges $300,000 $ 115,000 $ 185,000 $ 1,800 $186,800 $ 6,000 $ 900 $ 6,000 $ 4,500 $ 36,000 $ 62,000 $ 5,000 $ 66,400 $ 16,600 $ 49,800 Total Assets $ 160,300 Total Assets $ 205,625 Rent Salaries Liabilities Account Payables Accrued Salaries Accrued Taxes Total Liabilities $ 25,000 $ 5,000 $ 7,575 $ 37,575 Liabilities Account Payables Accrued Taxes Total Liabilities $ 29,000 $ 15,600 $ 45,600 Utilities Income Before Taxes Income Taxes ---- Net Income Equity Common Stock Retained Earnings Total Liabilities and Equity $100,000 $ 22,725 $ 160,300 Equity Common Stock Retained Earnings Total Liabilities and Equity $100,000 $ 60,025 $205,625 Additional 2014 facts >$30,000 invested in three-year Treasury Bills > A cash dividend of $12,500 was paid Quiz Assignment > Prepare a Statement of Cash Flows for the year ending December 31, 2014 > Use the indirect method to prepare the Statement of Cash Flows > Submit your assignment using excel or pdfStep by Step Solution
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