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Finance 313 - Handout #28 Cash Flow Statement #2 Prepare the 2017 Statement of Cash Flows for Sampson Company. No dividends were paid in 2018.
Finance 313 - Handout #28 Cash Flow Statement #2 Prepare the 2017 Statement of Cash Flows for Sampson Company. No dividends were paid in 2018. Balance Sheet Years Ending December 31, 2018 and 2017 12/31/18 S 35,000 72,185 98,000 12/31/32 $ 60,000 65,000 85,000 Cash Net Receivables Inventory Gross Plant & Equipment Less Accum. Deprec. Net Fixed Assets Total Assets 195,000 45,000 180,000 35,000 150,000 $355,185 145,000 $355.000 $ 80,000 61,000 Accounts Payable Accruals Mortgage Payable Common Stock Retained Earnings Total Liabilities & Equity $ 82,000 34,000 21,000 177,000 41,185 $ 358,185 174,000 40,000 $355,000 Income Statement for 2018 Net Sales Cost of Sales Gross Profit General Expenses Operating Profit Interest Expense Taxable income Tax Liability (218) Net Income $145,000 104,000 $ 41,000 36,000 $ 5,000 3,500 $ 1,500 315 $ 1,185
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