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Given the following information; a) Construct a sources and uses statement. b) Construct a statement of cashflows. Net Income = 120 Dividends paid = 100
Given the following information; a) Construct a sources and uses statement. b) Construct a statement of cashflows. Net Income = 120 Dividends paid = 100 Balance Sheets 1231/91 12/31/92 Cash 55 50 Marketable securities 25 Accounts receivable 315 350 Inventories 215 300 Gross plant and equipment 1470 1800 Accumulated depreciation 400 500 Accounts payable 30 Notes payable 100 Accrued wages 10 10 Accrued taxes 120 130 Mortgage bonds 520 500 Debentures 60 300 Preferred stock 100 100 Common stock 50 50 Additional paid-in capital 90 90 Retained carning 640 560
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