how to do part b. the cash flow statement? week three

xercise xercise Prepare a sources and Prepare a cash flow statement for Whistler Corp. for fiscal year 2017. WHISTLER CORP. BALANCE SHEET Cash Accounts receivable Inventories Total current assets Land Buildings Equipment Patents Less: Accumulated depreciation Total assets 2016 2017 $47,500 $76,700 0 43,100 49.000 36,500 96,500 156,300 15,800 15,800 103,600 164,600 63,200 65,500 5,200 5,200 10,800 12,200 273,500 395,200 48,000 0 48,000 100,100 148,100 25,900 10,700 36,600 134,000 170.600 Accounts payable to suppliers Income taxes payable Total current liabilities Long term debt Total liabilities Shareholders' equity Common stock Retained earnings Total shareholders' cquity Total liabilities and shareholders' equity 125,400 177,400 0 47,200 125.400 224,600 273,500 395,200 INCOME STATEMENT Sales Cost of goods sold Depreciation expense Net interest expens Other expense Income before taxes Provision for income taxes Net income 2017 165,300 46,200 1,400 2,000 5,600 110,100 40,900 69,200 1 Dividends paid Addition to retained earnings 22,000 47,200 45 50 51 55 b. Cash flow statement: Week 3 0 Operating activities Net income Add back depreciation (Increase) decrease in receivables (Increase) decrease in inventories Increase (decrease) in accounts payable Increase (decrease) in income taxes payable Cash flow from operations Investing activities (Increase) decrease in building (Increase) decrease in equipment Cash flow from investing Financing activities Increase (decrease) in long-term debt Increase (decrease) in common stock Subtract dividends paid Cash flow from financing 0 Net change in cash Beginning cash balance 2017 Ending cash balance 2017 0 bet3 + 7,862 22