FIN 4461-001: Financial Statement Analysis Homework 1 Due Thursday, September 13, 3:30 PM at the beginning of the class. Students are encouraged to work in groups of two or three (four maximum). Only one write-up needs to be handed in for a given group. Each group member's name should be noted clearly on the top of the first page. All submissions should be neatly written or typed and stapled. Please show all (relevant) work. Question1 Below is the balance sheet of ABC Company at the end of 2010 Assets Liab. & Owners Equity Cash Account receivable $1,000Long-term debt Inventory $500 $8,000 $4,000 $5,000 $1,400 S11,300 Accounts payable Common stock (par value -S2) Additional paid-in capital Retained earnings Total Assets $18,900 Liab. & Owners Equit S18,900 Its net income for year 2011 is $569. The dividend payout ratio (dividends/Net Income) is 28% Also, 200 new shares of common stock were issued and sold for $1400 in 2011. The 2011 ending balance sheet is partially given below Assets Liab. & Owners Equit Cash Account receivable Inventory $8,434Accounts payable $2,460Deferred taxes S5,972Long-term debt $1,100 $306 $23,000 Common stock (par value $2) PP&E Accum depreciation ($250) Retained carnings S20,000 Additional paid-in capital Total Assets $42 588Liab. & Owners Equit $36,616 36,616 (a) Please calculate common stock, additional paid-in capital, and retained earnings for 2011 ending balance sheet. (Round up the numbers no decimal points) (b) Please create the statement of cash flows for year 2011. (Round up the numbers - no decimal points)