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Please create a statement of cash flows with the information provided. TGIF corp. Let's Do a Cash Flow Statement TGIF corp. Statement of Financial Position
Please create a statement of cash flows with the information provided.
TGIF corp. Let's Do a Cash Flow Statement TGIF corp. Statement of Financial Position December 31, ($ in millions) Cash Accounts Receivable Allowance for doubtful accounts Prepaid expensees Inventory Long-term investment Land Buildings Accumulated depreciation Patent TOTAL ASSETS Accounts payable Accrued liabilities Notes payable Obligations under ca ital lease Bonds payable Common stock Retained earnings TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY Additional Information: 2016 45 92 12 8 145 80 100 411 16 743 15 95 111 65 245 212 743 2015 40 96 4 5 130 40 100 300 120 17 32 10 125 50 205 182 1. Net Income and a cash dividend are the reasons for the change n retained earnngs. 2. Common stock was ssued for cash during 2016 Net Income for 2016 was $50,000,000 3. 4. The ncrease n build s the result of ente nto a ca tal lease valued at 111 000 000.
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