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P1-10. Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Statement of Cash LO5 Flows Gregg Corporation started business on January 1. The following
P1-10. Income Statement, Statement of Stockholders' Equity, Balance Sheet, and Statement of Cash LO5 Flows Gregg Corporation started business on January 1. The following information was compiled by Gregg as of December 31. MBC Sales revenue.. $20,000 Accounts payable... $ 4,000 Expenses. 12,000 Notes payable... 33,000 Dividends 3,000 Common stock. 20,000 Cash... 1,500 Retained earnings ? Accounts receivable 2,500 Cash flow from operating activities. 6,500 Inventory.. 3,000 Cash flow from investing activities (55,000) Equipment 15,000 Cash flow from financing activities. 50,000 Building... 40,000
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