How has your company$$s stock been doing recently and over the longer term?How has your company's stock been doing recently and over the longer

term?

Lola's Company

Balance Sheet

December $31$st$,2020$

Assets

Cash and Cash Equivalents $$100,000$

Accounts Receivable $$150,000$

Inventory $$200,000$

Prepaid Expenses $$50,000$

Property, Plant and Equipment $$500,000$

Total Assets $$1,000,000$

Liabilities

Accounts Payable $$100,000$

Notes Payable $$200,000$

Accrued Expenses $$50,000$

Total Liabilities $$350,000$

Owner's Equity

Common Stock $$250,000$

Retained Earnings $$400,000$

Total Owner's Equity $$650,000$

Total Liabilities and Owner's Equity

$$1,000,000$

Statement of Owner's Equity

December $31$st$,2020$

Owner's Equity at Beginning of Year

$$400,000$

Net Income for the Year

$$130,000$

Issuance of Common Stock

$$50,000$

Dividends Paid

$)$

Owner's Equity at End of Year

$$550,000$

Lola's Company

Statement of Cash Flow

December $31$st$,2020$

Cash Flows from Operating Activities

Net Income $,$$$100,000$

Depreciation Expense $,$$$50,000$

Increase in Accounts Receivable $($ $$30,000)$

Increase in Inventory $$20,000)$

Decrease in Prepaid Expenses

$$10,000$

Net Cash Provided by Operating Activities

$$110,000|$

Cash Flows from Investing Activities

Purchase of Property, Plant and Equipment

$)$

Net Cash Used in Investing Activities

$)$

Cash Flows from Financing Activities

Proceeds from Issuance of Common Stock

$$50,000$

Repayment of Notes Payable

$)$

Net Cash Provided by Financing Activities

$$20,000$

Net Increase in Cash and Cash Equivalents

$$30,000$