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WVIlalu Duck and Friends Balance Sheet As of December 31,2018 Assets Cash Hint: This is the sum of sale of stock (Transaction A & Total Assets Liabilities $ 39,000 B) and also Transactions C-E Total Liabilities Stockholders Equity upboard Font iF Merge & Center . $ ~ % , 168 508 Conditional Alignment Number Formatting - as Table Common Stock J12 Paid-in Capital in Excess of Par Hint: This is from Transaction A Hint: This is from Transaction B A B C D Total Paid-Capital S 39,000 Retained Earnings 5 Financial Statement Preparation Points: 18 items @ 2 points = 36 points H Total Liabilities and Stockholders Equity $ 39,000 ections: Complete the financial statements below based on the information provided below. ckground Information: C) Prepare the statement of cash flows Donald Duck and Friends started their company when they issued 3,000 shares of $8 par value stock on January 1,2018 Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.682 The stock issued at a market price of $13 per share During the year, Donald Duck and Friends had revenue of $43,000 Type here to search O ) Donald Duck and Friends paid cash for $18,000 in Donald Duck and Friends paid a cash Dividend of $25,000 Prepare an income statement for 2018 Donald Duck and Friend Income Statement For the Year Ended December 31,2018 Revenue lint: This is from transaction C Expense Net Income $ 25,000 lint: This is from Transaction D b) Prepare a year-end balance Sheet Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6. of cash flows Type here to search O Ri Donald and Friends Statement of Cash Flows As of December 31,2018 ash flows from operating Activities Cash Receipt from Revenue Paid for Expenses Hint: This is from transaction C Hint: This is from transaction D let Cash flow from operating Activities Cash flows from investing activities Cash flows from financing activities Proceeds from issue of stock Hint: This is from transaction A/B Paid for Dividends Hint: This is from transacton E Net Cash flow from financing activities S 63 Net Change in Cash Plus: Beginning Cash Balance 64 d) Prepare the Statement of Changes in Stockholders Equity Ending Cash Balance 65 66 d) Prepare the Statement of Changes in Stockholders Equity 67 Donald and Friends Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.62 68 Statement of Changes in Stockholders Equity For the Year Ended December 31,2018 Type here to search O 69 70 Beginning Common Stock 71 Plus: Issuance of Common Stock 72 Ending Common Stock S 39,000 73 Beginning Retained Earnings 74 Plus: Net Income 75 Less: Dividend 76 Ending Retained earnings 77 Total Stockholders Equity S 39,00 78 14 4 + Problem 5.1 Problem 5.2 Problem 5.3 Problem 5.4 Problem 5.5 Problem 5.6
