Identify pertinent information and use it to fill in numbers on the cash flow statement below. Please round all figures to whole dollars. You may need to use scratch paper.

Wally started a weekend widget stand on his landlord's front lawn with a $2000 inheritance (owner investment). He relied on his brightly-colored stand, drive-by traffic, and word-of-mouth to attract customers. The stand has a market value of $500. Wally paid his landlord $15 up front for a year of lawn space and spent another $150 on the stand, which has a lifespan of four years. The city heard about his scheme and charged him $30 for a permit.

In his first year of business, Wally acquired 1000 widgets for $1.00 each and sold all but 50 of them at 80% markup. Due to a defect in some of the product, he discounted a total of $10.

Additional costs included $30.00 in UPS bills and $10.00 for 1000 bags. Sales tax amounted to $106. The Marginal Tax Rate (MTR) is 25%.

Based on the given Wally's Widgets scenario and the Cash Flow Statement you already created, fill in the numbers below. DO NOT use the dollar sign, numbers only and no decimals. Make sure to include parenthesis when necessary.

Wally's Widgets

Cash Flow Statement

For the year ended December 31, 20xx

Operating Activities

Net Sales to Customers =

Accounts Receivable from Customers 2010 =

Payments for Total Operating Expenses =

Add Depreciation Expenses Taken =

Add Accounts Payable for Current Year =

Payments for 2010 Income Taxes =

Payments for 2011 Income Taxes =

Payments for Inventory =

Net Cash Flows from Operating Activities =

Investing Activities

Proceeds from the sale of property, plan, and equipment =

Purchased Property, Plant, and Equipment =

Net Cash Flows from Investing Activities =

Financing Activities

Owner Investment =

Owner Withdrawals =

Repayment of Long-term Debt =

Net Cash Flows from Financing Activities =

Changes in Cash Balance

Net Change in Cash for Current Year =

Add: Beginning Cash Balance =

Ending Cash Balance=