need help on statement of cash flows

Sales revenue (net) Cost of goods sold 54,522 5,265 49,257 Gross profit Operating expenses: Selling expenses General & administrative expens Depreciation expense Total operating expenses 1,178 24,047 1,51 Operating Income Other items: 26,742) 22,515 Interest expense Gain on sale of equipment (3,681) 300 6,381) 19,134 Net Income Common Stockk Retained Earnings Total Beginning Balance Issuance of Stock Add: Net Income Less: Dividends Ending Balance 395,000 19,134 395,000 19,134 501 18,384 395,000 413,384 ASSETS Current assets: Cash Accounts receivable Less: Allowance for doubtful accou Inventory Supplies 440,518 42,172 (1,687) 10,005 924 650 3,370 402 Prepaid insurance Prepaid rent Prepaid advertising Total current assets 496,354 Long-term assets: Equipment Less: Accumulated depreciation 19,600 (817) 18,783 Total long-term assets 18,783 515,137 TOTAL ASSETS LIABILITIES 18,783 515,137 TOTAL ASSETS LIABILITIES Current Liabilities Accounts payable Interest payable Salaries payable Dividends payable 1,540 3,000 4,500 750 Total Current Liabilities 9,790 Long-Term Liabilities Bonds payable Less: Unamortized bond discount 100,000 7.305) 92,695 Total Liabilities 102,485 STOCKHOLDERS' EQUITY Common Stock 395,000 17,652 412,652 9 Retained Earnings Total Stockholders' Equity 2 TOTAL LIABILITIES AND 3 STOCKHOLDERS FQUITY 515 137 Statement of Cash Flows For the year ended December 31st, 2019 Cash Flows from Operating Activities Net Income Adjustments for noncash effects Depreciation expense Bad debt expense Amortization of bond discount Gain on sale of equipment Changes in current assets and current liabilities Increase in accounts receivable Increase in inventory Increase in supplies Increase in prepaid insurance Increase in prepaid rent Increase in prepaid advextising Increase in accounts payable Increase in interest payable Increase in salaries payable Net cash flows for operating activities Cash Flows from Investing Activities Purchase of equipment ash Flows from Investing Activities Purchase of equipment Proceeds from sale of equipment Net cash flows for investing activities Cash Flows from Financing Activities Issuance of common stock Proceeds from bond issuance Payment of dividends Net cash flows fiom financing activities Net increase in cash Beginning cash balance, Jan. 1 Ending cash balance, March 31 39 January 1st Common stock is sued in ewechange fox sash in the amount of bnuary SthThe company puchases and pags Ron 170 wauts of couamet dog food at a price of $25 per unit March 1st March 31st April 1st February 8th The company pays cash for a one-year insurance policy in the amount of Rent on a retail space for 12 months is paid in the amount of Grooming and boarding equipment with a useful life of 2 years is purchased for cash in the amount of Grooming supplies purchased on account in the amount of The company purchases and pays foxs anothes 380 unts of gournet dog food at a price of $29 per unit Grooming services are performed on account in the amount of The company pays for advertisements to be run for the next 12 months in the amount of The company issues a 5-year bond with a face value of S00,000 and a stated annual rate of 6% Interest is due on June 30th each year. The market rate is 8% on the date of issuance . Dog -walking services are performed on account in the amount of 105 units of gourmet dog food are sold for $70 per unit with terms 2/10, n/30. The sale is recorded using the gross method in the amount of (see note c for cost low assumptions) Boarding services are provided on account in the amount of The company xeceives full payment from the eustomer for the July 31st sal May 30th une 1st une 30th July 25th 1 July 31st August 2nd 4 August 6th 5 September 15th Pet sitting services are performed on account in the amount of 6 September 29th Customer payments are seceived for services pxeviously provided in the amount of October 13th 100 units of gourmet dog food are sold for $73 per unit with terms 2/10, a/30. The sale is recorded using 04040 the gross method in the amount of 9 October 29th 0 No company receives payment for half of the October 13th sale Fouipment originally purchased on April 1st for $2400 is sold for $2000 cash ine giuss hetmod ih the amount of The company receives payment for half of the October 13th sale 7,300 3,650 October 29th November 1st Equipment oniginally purchased on Apal Ist for $2400 is sold fox $2000 cash A bookkeeper is hired to help the company with daily accounting taxes and annual tax preparation November 15th December 15th The bookkeeper is paid $4,500 for the previous month's services 4,500 Additional information: a. Grooming supplies on hand at the end of the month are as follows: r b. The year end balance reported at the end of the year for the Allowance for Doubtiul Accounts 924 is estimated as 4% of outstanding iecerables at the end of the year c. The Company uses a perpetual inventory system and accounts for costs using the Fixst- In Fist- Out cost tow assumption. Oa December 31st, a count of ending inventory reveals that there ave 345 bags of dog 39 40 41 42 43 food on hand d. All evenue is tecorded in the "Sales Revense account and seported net of cash discounts on the income statement e. The effective interest method is used to amortize bond piemiums and discounts 45 46 47 48 E Adjustments are made at the end of the year for prepaid issurance, ent, advertising, depreciation, and interest expeite g The bookkeeper is paid a salasy of $4,500 on the 15th of every month. h. The company declared dividends of $750 fot the year i Assume selling expenses inchude advertising and supplies expense. All other expenses, other than depreciation and interest expense, are considered genieral & administrative