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please correct and show math to get cash balances and net increase XS Supply Company is developing its annual financial statements at December 31 .
please correct and show math to get cash balances and net increase
XS Supply Company is developing its annual financial statements at December 31 . The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Additional Data: a. Bought equipment for cash, $21,000. b. Paid $6,000 on the long-term notes payable. c. Issued new shares of stock for $16,000 cash. d. No dividends were declared or paid. e. Other expenses included depreciation, $5,000; salaries and wages, $20,000; taxes, $6,000; utilities, $6,800. f. Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash
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