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create a cash flows Revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Retained Earnings,
create a cash flows
Revenues Expenses: Cost of goods sold Operating expenses Depreciation expense Interest expense Income tax expense Total expenses Net income Retained Earnings, Jan. 1 Net Income Less: Dividends Retained Earnings, Dec. 31 Assets Current Assets: Cash Accounts receivable Inventory Prepaid insurance Prepaid rent Long-Term Assets: Equipment Accumulated depreciation Total Assets Accounts payable Wages payable Interest payable Bridgeview Bottling Corporation Statement of Changes in Retained Earnings For the Year Ended December 31, 2013 Long-Term Liabilities: Notes payable Bonds payable Stockholders' Equity: Common stock Treasury stock Retained earnings Total Liabilities & Equity Bridgeview Bottling Corporation Income Statement For the Year Ended December 31, 2013 Liabilities & Stockholders' Equity Current Liabilities: Bridgeview Bottling Corporation Balance Sheets December 31 112,000 340,000 23,000 16,100 8,900 5,000 2013 387,000 52,000 116,000 2,700 8,300 400,000 (66,000) 900,000 31,000 140,000 6,000 157,000 20,500 497,000 (90,000) 138,500 900,000 820,000 500,000 320,000 111,000 320,000 292,500 138,500 2012 375,000 64,000 120,000 2,500 9,500 339,000 (43,000) 867,000 17,000 200,000 37,000 206,000 15,000 361,000 (80,000) 111,000 867,000
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