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Given the below information: a) prepare a source and uses statement for 2014 b) Prepare a cash flow statement for 2014 Whistler Corporation Financial Statements

Given the below information:

a) prepare a source and uses statement for 2014

b) Prepare a cash flow statement for 2014

Whistler Corporation Financial Statements

Balance Sheet: 2013 2014
Current Assets
Cash $47,500 $76,700
Accounts Receivable $0 $43,100
Inventories $49,000 $36,500
Total current assets $96,500 $156,300
Noncurrent Assets
Land $15,800 $15,800
Buildings $103,600 $164,600
Equipment $63,200 $65,500
Patent $5,200 $5,200
Accumulated depreciation -$10,800 -$12,200
Total noncurrent assets $177,000 $238,900
Total Assets $273,500 $395,200
Current Liabilities
Accounts payable to suppliers $48,000 $25,900
Income taxes payable $0 $10,700
Total current liabilities $48,000 $36,600
Noncurrent Liabilities
Long term debt $100,100 $134,000
Total liabilities $148,100 $170,600
Shareholders Equity
Common Stock $125,400 $177,400
Retained Earnings $0 $47,200
Total shareholders equity $125,400 $224,600
Total Liabilities and Shareholders Equity $273,500 $395,200
Income statement: 2014
Sales $165,300
Cost of goods sold -46,200
Depreciation expenses -1,400
Net interest expenses -2,000
Other expenses -5,600
Income before taxes 110,100
Provision for income taxes -40,900
Net income $69,200
Dividends paid 22,000
Additions to retained earnings $47,200

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