Please fill out the statement of cash flows and the bond discount.

CHIPPEWA VALLEY PHOTO, INC. WORKSHEET For the Year Ended December 31, 20xx TRIAL BALANCE DR CR INCOME STMT DR CR 37,064.10 150.00 17,524.39 18,400.00 1,000.00 2,300.00 1,440.00 25,000.00 180,000.00 30,000.00 12,000.00 ADJUSTMENTS ADJ TRIAL BALANCE DR CRT DR CR 37,064.10 150.00 17,524.39 87.62 87.62 150.00 18,550.00 500.00 500.00 1,725.00 575.00 120.00 1,320.00 25,000.00 180,000.00 333.33 333.33 30,000.00 1,000.00 1,000.00 12,000.00 400.00 400.00 24.730.00 285.00 285.00 340.00 340.00 375.98 87.94 303.20 121.28 24.25 92.47 1,236.29 583.33 583.33 100,000.00 38.606 ,671.84 123,200.00 1 7 8.120.00 BALANCE SHEET DR CR 37,064.10 150.00 17,524.39 87.62 18,550.00 500.00 575.00 1,320.00 25,000.00 180,000.00 333.33 30,000.00 1,000.00 12,000.00 400.00 24.730.00 285.00 340.00 375.98 87.94 303.20 121.28 24.25 92.47 1,236.29 583.33 100,000.00 6,671.84 123,200.00 78.120.00 24,730.00 Acct 110 Cash 111 Petty Cash 112 Accounts Receivable 113 Allowance for Doubtful Accounts 114 Merchandise Inventory 115 Store Supplies 116 Office Supplies 117 Prepaid Insurance 121 Land 122 Building 123 Accum Depr-Building 124 Store Equipment 125 Accum Depr-Store Equip 126 Office Equipment 127 Accum Depr-Office Equip 210 Accounts Payable 211 Corp Income Tax Payable 212 Salaries Payable 213 Social Security Tax Payable 214 Medicare Tax Payable 215 Federal Income Tax Payable 216 State Income Tax Payable 217 FUTA Payable 218 SUTA Payable 219 Sales Tax Payable 220 Interest Payable 221 Bonds Payable 222 Discount on Bonds Payable 311 Common Stock 312 Paid in Capital in Excess of Par 314 Retained Earnings 315 Stock Dividends 316 Stock Dividents Distributable 317 Treasury Stock 411 Sales 412 Sales Returns & Allowances 413 Sales Discounts 511 Cost of Goods Sold 611 Sales Salaries Expense 612 Store Supplies Expense 613 Advertising Expense 614 Bad Debt Expense 615 Depr Expense-Store Equip 618 Misc Selling Expense 711 Office Salaries Expense 712 Office Supplies Expense 713 Insurance Expense 714 Payroll Tax Expense 717 Deor Expense-Building 718 Depr Expense-Office Equip 719 Organization Expense 720 Misc Admin Expense 911 Interest Expense - Corp 912 Corp Income Tax IIIIIIIII 375.98 87.94 303 20 121.28 24 25 92.47 1,236 29 100,000.00 6.710.44 | 123,200.00 78.120.00 1,320.00 1,320.00! I L 1,320.00 2,100.00 2,100.00 2.100.00 30,380.00 30,380.00 30,380,00 L 1,340.00 31.80 18.290,00 1,719.50 150.00 L 190.00 500.00 90.00 87.62 1.000.00 40.00 1.312.50 150.00 1.725.00 120.00 1,340.00 31.80 18,140.00 1,909.50 500.00 90.00 87 62 1,000.00 40.00 1.462.50 1,725.00 120.00 348.68 333.33 400.00 450.00 40.00 621.93 285.00 361,700.69 1,340.00 31.80 18.140.00 1,909.50 500.00 90.00 87 62 1,000.00 40.00 1,462,50 1,725.00 120.00 348.68 333.33 400.00 450.00 40.00 621 93 285.00 28,925.36 1,454.64 30 38000 348.68 333.33 400.00 45000 40.00 621.93 285.00 ,562.88 | 358,671.41 358,671.41 5 5,562.88 361,700.69 30,380.00 332,775.33 Net Income 331,320.69 1,454.64 332 775 33 30 38000 332 775 33 Chippewa Valley Photo, Inc. Statement of Cash Flows For the Year Ended December 31, 20xx Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Amortization on Bonds Discount Changes in current operating assets and liabilities: Increase in petty cash Increase in accounts receivable Increase in inventory Increase in Store Supplies Increase in Office Supplies Increase in Prepaid Insurance Increase in accounts payable Increase in Corporate Income Tax Payable Increase in Salaries Payable Increase in Payroll Taxes Payable Increase in Sales Tax Payable Increase in Interest Payable Net cash flow from operating activities: Cash flows from investing activities: Cash paid to purchase building Cash paid to purchase store equip Cash paid to purchase office equip Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock Cash received from issue of bond Less: Purchase of Treasury Stock Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year $ $ 7,000.00 annuity 100,000.00 7% contract 8% market Annually 10 years Market= n= 10, i-8% 0.46319 face 6.71008 annuity $ $ 100,000.00 $ 7,000.00 $ 46,319.00 PV face 46,970.56 PV payments 6247.28 93,289.56 PV of Bond 93752.72 6,710.44 Amortize Disc on B.P. CHIPPEWA VALLEY PHOTO, INC. WORKSHEET For the Year Ended December 31, 20xx TRIAL BALANCE DR CR INCOME STMT DR CR 37,064.10 150.00 17,524.39 18,400.00 1,000.00 2,300.00 1,440.00 25,000.00 180,000.00 30,000.00 12,000.00 ADJUSTMENTS ADJ TRIAL BALANCE DR CRT DR CR 37,064.10 150.00 17,524.39 87.62 87.62 150.00 18,550.00 500.00 500.00 1,725.00 575.00 120.00 1,320.00 25,000.00 180,000.00 333.33 333.33 30,000.00 1,000.00 1,000.00 12,000.00 400.00 400.00 24.730.00 285.00 285.00 340.00 340.00 375.98 87.94 303.20 121.28 24.25 92.47 1,236.29 583.33 583.33 100,000.00 38.606 ,671.84 123,200.00 1 7 8.120.00 BALANCE SHEET DR CR 37,064.10 150.00 17,524.39 87.62 18,550.00 500.00 575.00 1,320.00 25,000.00 180,000.00 333.33 30,000.00 1,000.00 12,000.00 400.00 24.730.00 285.00 340.00 375.98 87.94 303.20 121.28 24.25 92.47 1,236.29 583.33 100,000.00 6,671.84 123,200.00 78.120.00 24,730.00 Acct 110 Cash 111 Petty Cash 112 Accounts Receivable 113 Allowance for Doubtful Accounts 114 Merchandise Inventory 115 Store Supplies 116 Office Supplies 117 Prepaid Insurance 121 Land 122 Building 123 Accum Depr-Building 124 Store Equipment 125 Accum Depr-Store Equip 126 Office Equipment 127 Accum Depr-Office Equip 210 Accounts Payable 211 Corp Income Tax Payable 212 Salaries Payable 213 Social Security Tax Payable 214 Medicare Tax Payable 215 Federal Income Tax Payable 216 State Income Tax Payable 217 FUTA Payable 218 SUTA Payable 219 Sales Tax Payable 220 Interest Payable 221 Bonds Payable 222 Discount on Bonds Payable 311 Common Stock 312 Paid in Capital in Excess of Par 314 Retained Earnings 315 Stock Dividends 316 Stock Dividents Distributable 317 Treasury Stock 411 Sales 412 Sales Returns & Allowances 413 Sales Discounts 511 Cost of Goods Sold 611 Sales Salaries Expense 612 Store Supplies Expense 613 Advertising Expense 614 Bad Debt Expense 615 Depr Expense-Store Equip 618 Misc Selling Expense 711 Office Salaries Expense 712 Office Supplies Expense 713 Insurance Expense 714 Payroll Tax Expense 717 Deor Expense-Building 718 Depr Expense-Office Equip 719 Organization Expense 720 Misc Admin Expense 911 Interest Expense - Corp 912 Corp Income Tax IIIIIIIII 375.98 87.94 303 20 121.28 24 25 92.47 1,236 29 100,000.00 6.710.44 | 123,200.00 78.120.00 1,320.00 1,320.00! I L 1,320.00 2,100.00 2,100.00 2.100.00 30,380.00 30,380.00 30,380,00 L 1,340.00 31.80 18.290,00 1,719.50 150.00 L 190.00 500.00 90.00 87.62 1.000.00 40.00 1.312.50 150.00 1.725.00 120.00 1,340.00 31.80 18,140.00 1,909.50 500.00 90.00 87 62 1,000.00 40.00 1.462.50 1,725.00 120.00 348.68 333.33 400.00 450.00 40.00 621.93 285.00 361,700.69 1,340.00 31.80 18.140.00 1,909.50 500.00 90.00 87 62 1,000.00 40.00 1,462,50 1,725.00 120.00 348.68 333.33 400.00 450.00 40.00 621 93 285.00 28,925.36 1,454.64 30 38000 348.68 333.33 400.00 45000 40.00 621.93 285.00 ,562.88 | 358,671.41 358,671.41 5 5,562.88 361,700.69 30,380.00 332,775.33 Net Income 331,320.69 1,454.64 332 775 33 30 38000 332 775 33 Chippewa Valley Photo, Inc. Statement of Cash Flows For the Year Ended December 31, 20xx Cash flows from operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Amortization on Bonds Discount Changes in current operating assets and liabilities: Increase in petty cash Increase in accounts receivable Increase in inventory Increase in Store Supplies Increase in Office Supplies Increase in Prepaid Insurance Increase in accounts payable Increase in Corporate Income Tax Payable Increase in Salaries Payable Increase in Payroll Taxes Payable Increase in Sales Tax Payable Increase in Interest Payable Net cash flow from operating activities: Cash flows from investing activities: Cash paid to purchase building Cash paid to purchase store equip Cash paid to purchase office equip Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock Cash received from issue of bond Less: Purchase of Treasury Stock Net cash flow from financing activities Increase in cash Cash at the beginning of the year Cash at the end of the year $ $ 7,000.00 annuity 100,000.00 7% contract 8% market Annually 10 years Market= n= 10, i-8% 0.46319 face 6.71008 annuity $ $ 100,000.00 $ 7,000.00 $ 46,319.00 PV face 46,970.56 PV payments 6247.28 93,289.56 PV of Bond 93752.72 6,710.44 Amortize Disc on B.P