D A ICINIED TO DART IV: Prenare a 2018 Statement of Cash Flow PART IV: Prepare a Cash Flow Statement for 2018 After a review of the Balance Sheet and Income Statement, Tom asked Amanda \& Teressa "Where's the Cash Flow Statement?". Again, they went to Ryan and he said "I'll do it, but it'll cost you". The next day, Ryan began putting one together. Question: What should Ryan's Statement of Cash Flow for 2018 look like? 3 PART I: Prepare Cash Basis Statements In December 2017, Amanda and Teresa acquired B-ME, Inc, and began operating the company on 5 January 1, 2018. The balance sheet as of December, 312017 was: 7 B-ME, Inc. BALANCE SHEET As of December 31, 2017 \begin{tabular}{l|l} 10 & \\ 11 & ASSETS \end{tabular} 12 13 Current Assets: 14 Cash 15 Inventory - Supplies 16 17 18 Long-term Assets: 19 Building \& Equipment 20 Land 21 22 23 24 25 Total Assets LIABILITIES \& EQUITY Current Liabilities: Accounts Payable Long-term Liabilities: Bank Loan Equity: Common Stock Retained Earnings 63,000 B-ME, InC. CASH RECEIPTS \& EXPENDITURES FOR 2018 all their receipts/paid invoices and prepared their cash receipts \& expenditures for 2018 (see chart) and posted them in Quick Books. They just hired Ryan as their new bookkeeper and asked him to prepare a Balance Sheet and Income Statement for 2018. Question: What should Ryan's Cash Basis Balance Sheet and Income Statement for 2018 look like? Remember: they made no accruals...just cash entries. D A ICINIED TO DART IV: Prenare a 2018 Statement of Cash Flow PART IV: Prepare a Cash Flow Statement for 2018 After a review of the Balance Sheet and Income Statement, Tom asked Amanda \& Teressa "Where's the Cash Flow Statement?". Again, they went to Ryan and he said "I'll do it, but it'll cost you". The next day, Ryan began putting one together. Question: What should Ryan's Statement of Cash Flow for 2018 look like? 3 PART I: Prepare Cash Basis Statements In December 2017, Amanda and Teresa acquired B-ME, Inc, and began operating the company on 5 January 1, 2018. The balance sheet as of December, 312017 was: 7 B-ME, Inc. BALANCE SHEET As of December 31, 2017 \begin{tabular}{l|l} 10 & \\ 11 & ASSETS \end{tabular} 12 13 Current Assets: 14 Cash 15 Inventory - Supplies 16 17 18 Long-term Assets: 19 Building \& Equipment 20 Land 21 22 23 24 25 Total Assets LIABILITIES \& EQUITY Current Liabilities: Accounts Payable Long-term Liabilities: Bank Loan Equity: Common Stock Retained Earnings 63,000 B-ME, InC. CASH RECEIPTS \& EXPENDITURES FOR 2018 all their receipts/paid invoices and prepared their cash receipts \& expenditures for 2018 (see chart) and posted them in Quick Books. They just hired Ryan as their new bookkeeper and asked him to prepare a Balance Sheet and Income Statement for 2018. Question: What should Ryan's Cash Basis Balance Sheet and Income Statement for 2018 look like? Remember: they made no accruals...just cash entries