i have part a i need assistance on part b
Q. Do oce leshe ary fieldn biank) Canh Fiows from financing Acturities Princloul Repayment of Notes Payable Issuance of Cocmmon Stock Repurthuse of Stock Parment of Dividends thwance of Preferred Stock Net Cauh Provided by Financing Activities Net increame in Canh Cash November 1.2020 Cosh, October 31,2021 Noncash livesting and Financine Activities Increase in Accounts Payable Increase in 5 alaries and Wages Payable Incerease in Interest Payable Increase in income Takes Pavabie Net Cash Provided by Operating Activities Cash Flown from investing Activities Parchase of Kitchen Equipment Purehase of Furniture Purchase of Computer Equipment Net Canh used by livestins Activities Prepare a statement of cash flows for Cookle \&. Coffee Creations inc for the year ended October 31, 2021, using the indirect 0. Do not leove any fields blank) 3. Recall from Chapter 11 that the company declared a semiannual dividend to the preferred stockholders on Aprii 30 . and the dividend was paid on June 1. The second semiannual dividend was declared to the preferred stockholders on October 31 , to be paid on December 1 . Accumulated depreciation-kitchen equipment Total arsets Current liabilities Liabilities and Stockholders' Equity Accounts payable Income tax payable Dividends payable- Salaries and wages paryable Interest payable Note payable-current portion Long-term liabilities Note payable-long-term portion Total Hiabilities Stockholders' equity Paid-in capital Preferred stock. 2.800 shares issued and outstanding $14000 COOKIE \& COFFEE CREATIONS INC. Balance Sheet October 31, 2021 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Property, plant, and equipment Furniture and fixtures $86,219 3,250 17,897 Accumulated depreciation-furniture and fixtures Computer equipment \begin{tabular}{ccc} $12.500 \\ (1,250) & 11,250 \\ \hline 4,200 & \\ \hline(600) & 3,600 & \\ \hline 29,000 & & \\ \hline(2.050) & 26,950 & 41,800 \end{tabular} COOKIE \& COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2021 Sales revenue Cost of goods sold Gross profit 231.250231.250 Operating cxpenses Salaries and wages expense $92.500 Depreciation expense 3,900 OtheroperatingexpensesIncomefromoperations35,987132,387498,863 Other expenses Interest expense Income before income tax Income tax expense Net income Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations inc for the first year of operations, but. does not understand how to prepare the cash flow statement. The income statement and balance sheet appear below. Recall that the company started operations on November 1, 2020, 50 all of the opening balances are zero. Additional information: 1. The company bought kitchen equipment (a commercial oven) for $29,000 on Novernber 1, 2020, and signed a $12,000 note payable to help pay for it. The terms provide for semiannual fxed principal payments of $2,000 on May 1 and November 1 of each year, plus interest of 5%. All other furniture, fixture, and equipment were purchased during the year for cash. 2. Recall from Chapter 11 that the company originally issued 25,930 common shares for $25,930, of which 750 shares were repurchased from the lawyer for $500. Natalie has prepared the balance sheet and income statement of Cookle E Coffee Creations inc: for the first year of operations, but does not understand how to prepare the cash flow statement. The income statement and balance sheet appear below. Recall that the company started operations on November 1.2020, so all of the opening balances are zero. Additional intormation: 1. The compary bought kitchen equipment (a commercial oven) for $29,000 on November 1,2020 , and signed a $12,000 note payable to help pay for it. The terms provide for semiannual fixed principal payments of $2.000 on May 1 and November 1 of each year, plus interest of 5%. All other furniture, foxture, and equipment were purchased during the year for cash. 2. Recall from Chapter 11 that the company originally issued 25,930 common shares for $25,930, of which 750 shares were repurchased from the lawver for $500. COOKIE \& COFFEE CREATIONS INC. Balance Sheet October 31, 2021 Assets Current assets Cash Accounts receivable Inventory Prepaid expenses Property, plant, and equipment $86,219 Furniture and fixtures Accumulated depreciation-furniture and fixtures Computer equipment $12,500 3,250 17,897 Accumulated depreciation-computer equipment 4,200(1.250)11.250 Kitchen equipment Accumulated depreciation-kitchen equipment Total assets (2,050)$155,46626,950 Liabilities and Stockholders' Equity Current liabilities Accounts payable Income tax payable Dividends payable Salaries and wages payable Interest payable Note payable-current portion Long-term liabilities 4,000+$32,676 Note payable-long-term portion Total liabilities. Stockholders' equity Paid-in capital Preferred stock, 2,800 shares issued and outstanding $14,000 Common stock, 25,930 shares issued, 25,180 shares outstanding 25,93039,930 Retained earnings: 77.360 3. Recall from Chapter 11 that the company declared a semiannual dividend to the preferred stockholders on April 30 , and the dividend was paid on June 1 . The second semiannual dividend was declared to the preferred stockholders on October 31 , to be paid on December 1. 4. Prepaid expenses relate only to operating expenses. (a) Prepare a statement of cash flows for Cookle & Coffee Creations Inc. for the year ended October 31, 2021, using the indirect method. (Show amounts that decrease cash flow With either a - slgn eg-15,000 or in parenthesis es (15,000). If answer is 0 , please enter 0. Do not iecree any fields biank) Prepare astatement of cash flows for Cookle 1 Coffee Creations inc. for the year ended October 31, 2021, using the indirect method. (Show anountr that decroase cash flow with either a - sign e. 915,000 or in parenthesis es (15.000 . If answer is 0 , pleuse enter 0. Do not leave any fields blank)
