Dewy, Cheatum, & Howe (DC&H) is a CPA firm that had the following business transactions for the year of 2014.
	Using the provided spreadsheet and Financial Statements, please post the business transactions and then create the four (4) required financial statements for year ending 2014
1.)	DC&H sold $20,000 in stock to expand their West Coast operations
2.)	DC&H paid the wages payable obligaiton
3.)	DC&H billed $110,000 in sales revenue, all of the billings were due 30 days from receipt of invoice
4.)	DC&H paid $3,500 on the tax obligation
5.)	DC&H sold $5,000 in marketable securities
6.)	DC&H paid $60,000 for salaries
7.)	DC&H paid $16,000 towards the Note Payable
8.)	DC&H collected $105,000 on accounts receivable
9.)	DC&H paid $10,000 for advertising
10.)	DC&H paid $12,000 in utilities
11.)	Depreciation on the Building/Equip is $5,000
12.)	DC&H paid $6,000 in dividends
	Dewy, Cheatum, & Howe CPA's
		Beginning Balance 1/1/13	1	2	3	4	5	6	7	8	9	10	11	12	Totals
	Assets
	Cash	$ 15,000													$ 15,000
	Marketable securities	10,000													$ 10,000
	Accounts receivable	7,500													$ 7,500
	Building & Equip (net)	90,000													$ 90,000
	Land	40,000													$ 40,000
	Total Assets	$ 162,500													$ 162,500
	Liabilities
	Accounts Payable	$ 6,500													$ 6,500
	Wages payable	2,000													$ 2,000
	Taxes payable	6,500													$ 6,500
	Notes payable	56,000													$ 56,000
	Total liabilities	$ 71,000													$ 71,000
	Shareholders equity
	Common stock	$ 30,000													$ 30,000
	Retained earnings	61,500													$ 61,500
	Sales Revenue														$ -
	Salary Expense														$ -
	Advertising Expense														$ -
	Depreciaiton Expense														$ -
	Utilities Expense														$ -
	Dividends														$ -
	Total Shareholders Equity	$ 91,500													$ 91,500
	Dewy, Cheatum, & Howe CPA's
	Balance Sheet at	31-Dec-13	31-Dec-14		Dewy, Cheatum, & Howe CPA's
	Current assets				Income Statement for Year Ending
	Cash	$15,000				31-Dec-14
	Marketable securities	10,000			Sales revenue
	Accounts receivable	7,500			Expenses:
	Total current assets	32,500			Salary
					Advertising
	Building and equipment , cost	125,000			Utilities
	Accumulated depreciation	-35,000			Depreciation
	Land	40,000			Total expenses
	Total assets	$162,500			Net income
	Current liabilities
	Accounts payable	$6,500			Dewy, Cheatum, & Howe CPA's
	Wages payable	2,000			Statement of Retained Earnings
	Taxes payable	6,500				31-Dec-14
	Total current liabilities	15,000			Retained Earnings Beg Bal
	Notes payable	$56,000			Net Income/(loss)
	Shareholders equity				Dividends
	Common stock	30,000			Retained Earnings End Bal
	Retained earnings	61,500
	Treasury stock
	Total liabilities and shareholders equity	$162,500
	Dewy, Cheatum, & Howe CPA's
	Statement of Cash Flow for Year Ended	31-Dec-14
	Cash flow from operating activities
	NET INCOME / (LOSS)
	Depreciation
	Accounts Receivable
	Accounts payable
	Wages payable
	Taxes payable
	Net cash provided by operations
	Cash flow from investing activities
	(Purchases) sale of buliding and equipment
	(Purchase) sale of marketable securities
	(Purchase) sale of land
	Net cash provided by investing activities
	Cash flow from financing activities
	Issuance (repayment) of long-term debt
	Payment of dividend
	Issuance (repurchase) of common stock
	Net cash provided by financing activities
	Net cash flow
	Beginging Cash Balance
	Ending Cash Balance