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How do I make a cash flow statement for this? Exam questions 14 through 29 are based upon the following data: Parks Trading Corporation Balance

How do I make a cash flow statement for this?

image text in transcribed Exam questions 14 through 29 are based upon the following data: Parks Trading Corporation Balance Sheets March 31, 2021 & 2020 2021 2020 Assets Cash 235,445 123,215 Accounts Receivable (net) C 117.000 114,000 Inventory 125,450 120,000 Prepaid Expenses 4,000 4.450 Total Current Assets 361,665 Equipment 494.250 290,935 Accumulated Depreciation (244.350) (117.855) Net Fixed Assets 249,900 182,080 Goodwill 300,000 100,000 Total Assets 1.031,795 843,745 Liabilities & Stockholders' Equity Accounts Payable 223,000 234,000 Accrued Expenses 123,000 122,500 tent Payable 3.450 3,245 Total Current Liabilities 349,450 159,745 Bonds Payable 334,000 234,000 Total Liabilities 683,450 593,745 Common Stock 126,000 112,000 Retained Earnings 222,345 138,000 Total Stockholders Equity 348.345 250,000 Total Liabilities & Equity 1,031,795 843,745 Parks Trading Corporation Parks Trading Corporation Income Statement Statement of Retained Earnings For the Fiscal Year Ended For the Fiscal Year Ended March 31, 2021 March 31, 2021 Net Sales (all sales on account) 1,280,000- Beginning Retained Earnings S 138,000 Costs of Goods Sold (657,000) March 31, 2020 Gross Margin 623,000 Expenses Net Income 350,000 120,530 Salaries Expense Rent Expense 36,000 Subtotal 258,530 Repairs and Maintenance 4,570 Supplies Expense 1,200 Dividends (36,185) Office Expense 45,600 Income Tax Expense 65,100 Ending Retained Earnings 222,345 Total Expenses 502,470 March 31, 2021 Net Income S 120,530 Iditional Information: 1. All depreciation expense is included in Costs of Goods Sold. 2. In 2021 The Company sold for $15,315 in cash some equipment which originally cost $17,250. The Accumulated Depreciation of this equipment was $750 at the time of sale

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