need help on a cash flow statment and an statment of owners equity please. i have a balance sheet and an income statement. i put a pic of all the info i put together to make the income statement if that helps (its the last pic)
BALANCESHEET OF AGGIE FARMS AS ON ---- EQUITY AND LIABILITIES Amount Owner equity 499,000 Non current liabilities -Mortgages 243000 - Notes 128000 Current liabilities -Accounts payable 5000 - Notes payable 56000 - Income tax payable (balancing fig. ) 165000 --- Total liabilities 1096000 ASSETS Non current assets -Buildings 140000 -Land 510000 -Machinery and equipment 190000 Current assets -Accounta Receivable 27000 Total liabilities 1096000 ASSETS Non current assets -Buildings 140000 -Land 510000 -Machinery and equipment 190000 Current assets - Accounta Receivable 27000 -Current portion of non current debt 8000 Accrued interest 1000 -Prepaid expenses 3000 -Investment in growimg crops 20000 -Deferred tax on current asste 34000 - Other current assets 163000 TOTAL ASSETS 1096000 income statement 430000 255000 60000 cash receipts e less expenses 3 cash expenses 4 depreciation 5 total expenses 46 operating income 47 less interest expense 48 income after interet before tax 49 less income tax at 20% 50 net income 51 52 53 54 315000 115000 20000 95000 19000 76000 CE DURING THE CALENDAR YEAR 2015 THE FOLLOWING TRANSACTIONS WERE RECORDED IN THE RECORDS OF THE FARMER (assume them to be cash transactions unless noted otherwise) Sale of feeder animals 49.624 Labor Hired 20,000 Fertilizer and Chemicals 15.033 Rent for land and Pasture 8,900 Supplies 720 Repairs 4,200 Freight 620 Cattle Marketing (an expense) 250 Veterinary and medicine 1,540 Patronage dividends 765 Grain Sales 149,644 Machinery Purchased during the year 18.790 Government incentive payments (income) 18.978 Crop insurance Proceeds 50,000 Mics Cash Expense 2.419 Seed 18,000 Fuel and Lube 19.048 Utilities 29,603 Custom Hire Expense 12.709 Crop insurance Premiums 15.890 Insurance and taxes 16,797 Off farm wages 23.600 New carpet and drapes for home 4,500 Income taxes paid 4.134 for farm and 2.361 for off farm income Interest paid 33.583 The current portion of term debt indicated on the balance sheet was paid on time. A new operating loan for $111.198 was taken out. $122,644 was paid on the operating loan. This included paying off the loan on the beginning balance sheet and paying off part of the new loan. Breeding livestock was purchased for 2.800 Feeder livestock was purchased for 6,505 Feed purchased for 1,694 There was a net inflow of $945 in personal borrowings