Question
make a statement of cash flows from the following information net income-87000 depreciation 35000 purchased fixed assets paying cash 310000 received $90000 cash for issuance
make a statement of cash flows from the following information
net income-87000
depreciation 35000
purchased fixed assets paying cash 310000
received $90000 cash for issuance of notes payable
received $120000 cash for issuance of common stock
paid $20000 for purchase of treasury stock
ending cash balance 95000
assets:
current assets: 2017 2016
cash 95000 20000
accounts receivable 75000 85000
inventory 100000 80000
long term assets:
plant assets 430000 120000
accumulated depreciation 12000 9000
total assets 712000 314000
liabilities:
current liabilities:
accounts payable 32000 20000
accrued liabilities 86000 15000
long term liabilities:
notes payable 90000 0
total liabilities 208000 35000
stockholders equity
common stock 220000 100000
retained earning 219000 179000
treasury stock 20000 0
total stockholders equity 459000 279000
total stockholders equity and liabilities 667000 314000
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