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For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds (10 points) and fill in the entries in the
For the given income statement, retained earning statement, and balance sheets, calculate the sources/uses of funds (10 points) and fill in the entries in the cash flow statement below (20 points) 2018 Income Statement $(000) 1500 Revenue Warranty/ Bad Debt 20 Net Revenue 1480 COGS 740 Contribution Margin 740 SG&A (incl depreciation) Operating Income 600 140 Other Income 20 Net Income 160 2018 Retained Earnings Statement $(000) Retained Earnings, start of year 700 Net Earnings for the year 160 Less: Dividend Paid 50 Retained Earnings, end of year 810 End 2017 End 2018 Balance Sheet $(000) Source of funds Use of funds Current Assets: Cash 50 40 Receivables 120 100 Inventory 50 90 Prepaid Expenses 10 10 230 240 Fixed Assets: Fixed Assets at Cost 2000 2300 400 450 Less Acc. Depreciation 1600 1850 Goodwill & Intangibles 10 Total Assets 1830 2090 Current Liabilities: S.T. Credit Line 10 20 Accounts Payable 50 40 Accrued Expenses 10 10 Cur. Por. of L.T. Debt 50 50 120 120 Long Term Liabilities: Long Term Debt 410 360 Shareholders Equity: Capital Shares 600 800 Retained Earnings 700 810 Tot. Liab. and Eq. 1830 2090 Sources/uses of funds gg Statement of Cash Flow $(000) 2018 Operating Activities: Net Earnings for the Year Depreciation Changes in NCWC Subtotal: Investing Activities: Additions to Fixed Assets Additions to Goodwill and Intangibles Subtotal: Financing Activities: Dividends Net New Long Term Borrowings Net New Capital Shares Subtotal: Total Funds Flow Net cash on hand, start of year Net cash on hand, end of year Change in Cash Position
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