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G H A B C D E F 1 Using the Balance Sheet and Income Statement, complete the Statement of Cash Flows 2 Our Town

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G H A B C D E F 1 Using the Balance Sheet and Income Statement, complete the Statement of Cash Flows 2 Our Town Corporation 3 Balance Sheet 4 As of 12/31/20X2 5 6 7 Assets Dec. 31, 20x1 8 Cash $ 3,000 9 Accounts Receivable S 7,400 O Merchandise Inventory s 5,400 1 Total Current Assets $ 15,800 2 3 Fixed Assets: $ 9,000 Machinery and Equipment S 2,900 5 Accumulated Depreciation $ 6,100 6 Net Machinery and Equipment $ 60,000 7 Land and Buildings $ 3 Total Fixed Assets 66,100 S $ $ $ Dec. 31, 20X2 2,800 7,200 5,300 15,300 S UUU 10,000 3,300 6,700 58,490 65,190 $ 81,900 $ 80,490 Total Assets $ 81,900 $ 80,490 $ S $ 5,550 4,490 10,040 un 5,050 4,290 9,340 5 S S 45,000 45,000 5 S 44200 44,200 20 Total Assets 21 22 Liabilities 23 Accounts Payable 24 Short-term Operating Loan 25. Total Current Liabilities 26 27 Long-Term Liabilities: 28 Mortgage 29 Total Long-Term Liabilities 30 31 Retained Earnings 32 Additional Paid in Capital 33 Common Stock 600 shares 34 Total Equity 35 36 Total Liabilities and Equity 37 38 39 A new machine (fixed asset) was purchased for: 40 An old machine (fixed asset) was sold for: 41 42 43 Nur Town Corporation $ $ S $ 1,100 2,500 23,350 26,950 $ S S S 1,790 1810 23,350 26,950 $ 81,990 $ 80,490 S S 3,000 2,000 Sold at book value Sold at book value $ $ $ 24,800 16,757 8,043 45 Income Statement 46 For period ended 12/31/20X2 47 48 Sales 49 Cost Of Goods Sold 50 Gross Margin 51 Expenses: 52 Selling Expenses 53 Operating Expenses 54 Depreciation Expense 55 Total Expenses 56 Earnings Before Interest and Taxes 57 Interest Expense 58 Earnings Before Taxes 59 Income Taxes 60 Net Income $ S $ S $ $ $ $ $ 1,550 1,800 400 3,750 4,293 1,150 3,143 943 2,200 C1 A C D G H F 2,200 $ 60 Net Income 61 62 63 64 A. B. c. Insert Company Name Insert Report Title Insert Time Frame 65 D. S $ $ 400 (200) 200 E. F. S 66 CASH FROM OPERATING ACTIVITIES 67 Net Income 68 Depreciation 69 Net Changes in Current Accounts 70 Cash from operating activities 71 72 CASH FROM INVESTING ACTIVITIES 73 Purchase of fixed assets 74 Sale of fixed assets 75 Cash from investing activities 76 77 CASH FROM FINANCING ACTIVITIES 78 Increase (decrease) in long-term liabilities 79 Increase (decrease) in short term liabilities 80 Sale of stock 81 Dividends paid to stockholders 82 Cash from financing activities 83 84 NET CASH FLOW 85 Beginning cash balance 86 Net cash flow 87 Ending cash balance 88 G H. S S $ (600) (1,600) S (200) 1 S S (200) (200)

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