Part IX: Statement of Cash Income Statement for Year Ending $12-31-$Year $4$

Additional Information:

Purchased equipment for cash, $$21,000.$

Paid $$6,000$ on the note payable.

Issued new shares of stock for $$16,000.$

Declared and paid cash dividends of $$10,000.$

Sales revenue is all on credit $($all credit sales$).$

Other Expenses included: depreciation $$5,000$; wages $$20,000$; taxes $$6,000$; other

$$6,800.$

Accounts payable relate to inventory purchases. Taxes and other expenses were paid in

cash $($no related payables$).$

Adjustments $($Additions and Subtractions$)$ to Reconcile Net Income

to Cash Flows from Operating Activities Part IX$-$continued

Prepare the Statement of Cash Flows. Use this formonotox prepare your own table.

Sand Dollar Beach Clothing Company

Statement of Cash Flows

For Year Ending $12-31-$Year $4\_-(19$ points$)$

Sand Dollar Beach Clothing Company had the following information for the year ending December $31,$ Year $4.$

$\backslash$table$[[,1/1/$Year $4,12/31/$Year $4,$Change$],[$Assets$],[$Current Assets$],[$Cash$,$$$29,000,$$$34,000,],[$Accounts Receivable,$$25,000,$$$46,000,],[$Merchandise Inventory,$$41,000,$$$30,000,],[$Total Current Assets,$$95,000,$$$110,000,],[$Noncurrent Assets$],[$PPE$,$$$100,000,$$$121,000,],[$Less: Accumulated Depreciation,$-$$$25,000,-$$$30,000,],[$Net PPE,$$75,000,$$$91,000,],[$Total Noncurrent Assets,$$75,000,$$$91,000,],[$Total Assets,$$170,000,$$$201,000,],[$Liabilities and Stockholders' Equity$],[$Current Liabilities$],[$Accounts Payable,$$27,000,$$$35,200,],[$Wages Payable,$$1,400,$$$2,000,],[$Total Current Liabilities,$$28,400,$$$37,200,],[$Noncurrent Liabilities$],[$Note Payable,$$44,000,$$$38,000,],[$Total Noncurrent Liabilities,$$44,000,$$$38,000,],[$Stockholders$\text{'}$ Equity$],[$Common Stock,$$30,000,$$$31,000,],[$Additional Paid$-$in Capital,$$42,600,$$$57,600,],[$Retained Earnings,$$25,000,$$$37,200,],[$Total Stockholders' Equity,$$97,600,$$$125,800,],[$Total Liabilities and Stockholders' Equity,$$170,000,$$$201,000,]]$

$1$