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***Need Help with the Cash Flow Part please**** Holister Electric Inc. Balance Sheet As at December 31, 2020 begin{tabular}{|l|r|l|r|} hline Assets & & Liabilities
***Need Help with the Cash Flow Part please****
Holister Electric Inc. Balance Sheet As at December 31, 2020 \begin{tabular}{|l|r|l|r|} \hline Assets & & Liabilities \\ \hline Cash & $25,000 & Accounts Payable \\ \hline Accounts Receivable & 13,500 & Unearned Revenue \\ \hline Prepaid Insurance & 3,600 & Bank Loan \\ \hline Inventory & 72,000 & Total Liabilities \\ \hline Property, Plant \& Equipment & 210,000 & Shareholders' Equity \\ \hline Accumulated Depreciation & 25,000 & Common Shares - 90,000 issued \\ \hline & & Retained Earnings \\ \hline Total Assets & $293,400 \\ \hline \end{tabular} Holister Electric Inc. Income Statement For the Year Ended December 31, 2021 Holister Electric Inc. Balance Sheet As at December 31, 2021 \begin{tabular}{|l|r|r|} \hline Assets & & \\ \hline Current Assets & & \\ \hline Cash & & 527,165 \\ \hline Short-Term Investment - Daener & & 38,000 \\ \hline Short-Term Investments - Bonds & & 20,000 \\ \hline Valuation Allowance for Fair Val & & 6,400 \\ \hline Accounts Receivable & & 58,341 \\ \hline Interest Receivable & & 51,350 \\ \hline Prepaid Insurance & & 16,000 \\ \hline Inventory & & 110,000 \\ \hline Total Current Assets & & 5277,256 \\ \hline Non-Current Assets & & \\ \hline Investment in Gregor Inc. Comm & & 268,000 \\ \hline Long-Term Investment - Bond & & 50,000 \\ \hline Property, Plant \&. Equipment & & 240,000 \\ \hline Accumulated Depreciation & & 50,000 \\ \hline Total Non-Current Assets & & 508,000 \\ \hline Total Assets & & \\ \hline & & 545,448 \\ \hline Total Shareholders' Equity & & 522,448 \\ \hline Liabilities \& Shareholders' Equity & & 5785,256 \\ \hline \hline Liabilities & & \\ \hline Current Liabilities & & \\ \hline Accounts Payable & & \\ \hline Comterred & & \\ \hline Interest Payable & & \\ \hline Unearned Revenue & & \\ \hline Bank Loan, Current portion & & \\ \hline Total Current Liabilities & & \\ \hline Non-Current Liabilities & & \\ \hline Bonds Payable & & \\ \hline Bank Loan & & \\ \hline Discount on Bonds & & \\ \hline Total Non-Current Liabilities & & \\ \hline Total Liabilities & & \\ \hline & & \\ \hline \end{tabular} Using the balance sheet from the end of last year (when the company was still a proprietorship) and the balance sheet just created, prepare a cash flow statement using the indirect method. Round answers to the nearest whole number. Note: No Property, Plant and Equipment was sold during the year. Hint: Amortized bond discount or premium should be added to the operating activities, if there is any. Carnine amnutnt aft the hnnde ehmuld ha nracantad in tha finanrine artiveitiee Holister Electric Inc. Balance Sheet As at December 31, 2020 \begin{tabular}{|l|r|l|r|} \hline Assets & & Liabilities \\ \hline Cash & $25,000 & Accounts Payable \\ \hline Accounts Receivable & 13,500 & Unearned Revenue \\ \hline Prepaid Insurance & 3,600 & Bank Loan \\ \hline Inventory & 72,000 & Total Liabilities \\ \hline Property, Plant \& Equipment & 210,000 & Shareholders' Equity \\ \hline Accumulated Depreciation & 25,000 & Common Shares - 90,000 issued \\ \hline & & Retained Earnings \\ \hline Total Assets & $293,400 \\ \hline \end{tabular} Holister Electric Inc. Income Statement For the Year Ended December 31, 2021 Holister Electric Inc. Balance Sheet As at December 31, 2021 \begin{tabular}{|l|r|r|} \hline Assets & & \\ \hline Current Assets & & \\ \hline Cash & & 527,165 \\ \hline Short-Term Investment - Daener & & 38,000 \\ \hline Short-Term Investments - Bonds & & 20,000 \\ \hline Valuation Allowance for Fair Val & & 6,400 \\ \hline Accounts Receivable & & 58,341 \\ \hline Interest Receivable & & 51,350 \\ \hline Prepaid Insurance & & 16,000 \\ \hline Inventory & & 110,000 \\ \hline Total Current Assets & & 5277,256 \\ \hline Non-Current Assets & & \\ \hline Investment in Gregor Inc. Comm & & 268,000 \\ \hline Long-Term Investment - Bond & & 50,000 \\ \hline Property, Plant \&. Equipment & & 240,000 \\ \hline Accumulated Depreciation & & 50,000 \\ \hline Total Non-Current Assets & & 508,000 \\ \hline Total Assets & & \\ \hline & & 545,448 \\ \hline Total Shareholders' Equity & & 522,448 \\ \hline Liabilities \& Shareholders' Equity & & 5785,256 \\ \hline \hline Liabilities & & \\ \hline Current Liabilities & & \\ \hline Accounts Payable & & \\ \hline Comterred & & \\ \hline Interest Payable & & \\ \hline Unearned Revenue & & \\ \hline Bank Loan, Current portion & & \\ \hline Total Current Liabilities & & \\ \hline Non-Current Liabilities & & \\ \hline Bonds Payable & & \\ \hline Bank Loan & & \\ \hline Discount on Bonds & & \\ \hline Total Non-Current Liabilities & & \\ \hline Total Liabilities & & \\ \hline & & \\ \hline \end{tabular} Using the balance sheet from the end of last year (when the company was still a proprietorship) and the balance sheet just created, prepare a cash flow statement using the indirect method. Round answers to the nearest whole number. Note: No Property, Plant and Equipment was sold during the year. Hint: Amortized bond discount or premium should be added to the operating activities, if there is any. Carnine amnutnt aft the hnnde ehmuld ha nracantad in tha finanrine artiveitiee
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