Name: Class Time: Homework Company 1/1/2019 12/31/2019 $ ASSETS Current Assets Cash Accounts Receivable Inventory PPD Insurance Total Current Assets 11,000 $ 12,500 9,500 450 33,450 13,500 9,750 8,800 1/1/2019 12/31/2019 LIABILITIES AND STOCKHOLDERS' EQUITY Current Liabilities Accounts Payable $ 5,600 $ 6,825 Other Payables 4,200 3,700 Interest Payable 630 725 Total Current Liabilities 10,430 11,250 Notes Payable 42,000 47,000 Total Liabilities 52,430 58,250 520 32,570 Noncurrent Assets Land Buildings & Equipment Build & Equip - Accum. Depn. Total Noncurrent Assets TOTAL ASSETS 15,000 180,000 (22,000) 173,000 206,450 $ 17,500 210,000 (32,000) 195,500 228,070 Common Stock Retained Earnings Total Equity TOTAL LIAB. AND EQUITY 131,000 23,020 154,020 206,450 $ 140,000 29,820 169,820 228,070 $ $ $ 93,000 (56,500) 36,500 Other Information Gain on sale of Land $1,500. Origina cost $8,500. No sales of Buildings and Equipment during period. No payments of Notes Payable. Sales Cost of Goods Sold Gross Margin Operating Expenses Other Operating Expenses Insurance Expense Depreciation Operating Income Interest Expense Gain on Land Sale Net Income (13,500) (1,900) (10,000) 11,100 (2,800) 1,500 9,800 S Required: Prepare a direct method cash flow statement based on the information above. Include a supplemental schedule of NI to CFO. Use the space below for any calculations. Put the cash flow statement, in proper format, on the back of this page. Accounting 3210 -- Cash Flow Homework Problem Name: Class Time: 2019 Statement of Cash Flows Cash Flows From Operating Activities Supplemental Schedule of Reconciliation of Net Income to Cash Flows from Operating Activities 2019 Net Cash Flows From Operating Activities Cash Flows From Investing Activities Net Cash Flows From Investing Activities Cash Flows From Financing Activities Net Cash Flows From Financing Activities Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance Net Cash Flows From Operating Activities