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Please fill in the highlighted boxes Beginning Inventory 110,000 790.000 Ending Inventory Purchases of Inventory 450,000 8,250,000 3,000,000 Cost of Goods Sold 449,950 2,900,000 1,750,000

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Beginning Inventory 110,000 790.000 Ending Inventory Purchases of Inventory 450,000 8,250,000 3,000,000 Cost of Goods Sold 449,950 2,900,000 1,750,000 750,000 1,450,000 430,000 450,000 Ending Accounts Receivable Beginning Accounts Receivable 175,000 450,000 Credit Sales 3,450,000 Collections on Credit Sales 3,465,000 1,750,000 11,000,000 10,000,000 3,000,000 490,000 4,000,000 65,000 55,000 Beginning Accounts Payable 75,000 55,000 115,000 Purchases of Inventory 45,000 3,000,000 Payments for Ending Accounts Inventory Payable 50,000 795,000 11,000,000 65,000 105,000 4,000,000 10,000,000 Beginning Net Fixed Assets Purchase (Sale) of Gross Fixed Assets Depreciation Expenses 85,000 Ending Net Fixed Assets 1,000,000 420.000 1,300,000 550,000 725,000 75,000 45,000 (500,000) 75,000 200,000 4,500,000 Repayment on Long Term Debt Ending Long Term Debt Debt 750,000 790,000 Additional Long Term Borrowing 75,000 1,350,000 3,000,000 245,000 750,000 2,000,000 14,550,000 4,430,000 2,450,000 Dividends to Shareholders Ending Retained Earnings Beginning Retained Earnings 10,000,000 6,150,000 Net Income 2,500,000 500,000 125,000 95,000 315,000 (100,000) 5,850,000 2,200,000 2,500,000 2,500,000

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