Please help me with filling in the Statement of Cash Flows in picture 3.

CASH FLOW PROJECT (The Georgia Company for Year Ending 12-31-2009) Basic Facts: The Georgia Company, a merchandiser, recently completed is its calendar 2009 operations (yes, this is now pretty old). For the year, (1) all sales are credit sales (no cash sales); (2) all credits for Accounts Receivable reflect cash receipts from customers; (3) all purchases of inventory are on credit; (4) all debits to Accounts Payable reflect cash payments for inventory purchases; and (5) Other Expenses are paid in advance and are initial debited to Prepaid Expenses. The Company's balance sheet and income statement are shown on Page 3 below. Additional Facts: A. The loss on sale of equipment was $5,875 (see "B" for details). Sold equipment costing $46,500 and with accumulated depreciation of $29,000 for $11,625 in cash. Purchased new equipment costing $97,500 by paying $35,000 cash and signing a long-term note payable for the balance. Borrowed $3,000 cash by signing a short-term note payable. Paid $40,500 cash to reduce a long-term note payable. Issued 2,350 shares of new common stock for $20 per share. Declared and paid a cash dividend of $51,900.00. Required. 1. Statement of Cash Flows. Prepare a complete Statement of Cash Flow using the indirect method using the form provided on Page 4. You can hand write your answers here. Report cash flows from operations, cash flows from investing and cash flows from financing and then reconcile the beginning cash balance to the ending cash balance. Make sure it reconciles!! (85%) 2. Footnote(s). Be sure to include the required footnote or footnotes. (5%) 3. Critical Thinking/Analysis Component. Analyze and discuss the Statement of Cash Flows you have prepared for Part 1. Give special attention to the wisdom of the making of the dividend payment. (10%) CASH FLOW PROJECT - Page 1 Balance Sheet (December 31, 2009) 2009 2008 Assets Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Equipment Less: Accum. Depreciation Total Assets $ 49,800.00 65,840.00 277,000.00 1,000.00 158,000.00 ( 43.000.00) S 509.140.00 $ 73,500.00 56,000.00 252,000.00 1,500.00 107,500.00 ( 52.000.00) S 438.500.00 Liabilities & Equity Accounts Payable Short-Term Notes Payable Long-Term Notes Payable Common Stock (51 par value) Paid-In Capital ("APIC") Retained Earnings Total Liabilities & Equity $ 42,965.00 10,000.00 70,000.00 162.750,00 35,250.00 188. 175.00 5 509.140.00 $ 113,000.00 7.000.00 48.000.00 151,000.00 0.00 119.500.00 5.438.500.00 Income Statement (December 31, 2009) $ 584,500.00 281.000.00 303,500.00 Sales Less: Cost Of Goods Sold Gross Profit Operating Expenses Depreciation Exp. Other Expenses Other Gains.(Losses) Loss On Sale Of Equipment Income Before Taxes Less: Income Taxes Net Income $ 20,000.00 132.800,00 152,800.00 5.875.00 144,825.00 24.250,00 S 120.575.00 Name Date: Georgia Company Statement of Cash Flows (Indirect Method) as of December 31, 2009 Entry CASH FLOW FROM OPERATIONS HONS Net Income Adjustment (Acct. Rec.) Adjustment 2 (Inventory) Adjustment (Prepaid Expenses Adjustment 4 (Act. Puy) S S Is Adjustment 6 (Loss On Sale of Equp't. Net Cash Flow From Operating Activities CASH FLOWS FROM INVESTING ACTIVITIES Entry 1 (Sale of Equipment Entry 2 (Purchase Of Equipment) Net Cash Flow From Investing Activities CASH FLOWS FROM FINANCING ACTIVITIES Entry I (Issuance of Stock) Entry 2 (Borrowed Cash) Entry 3 (Reduction of Long-Term Debt) Entry 4 (Cash Dividend Page) Net Cash Flow From Financing Activities Net Increase (Decrease) In Cash Beginning Cash Balance Ending Cash Balance (This must reconcile!) CASH FLOW PROJECT - Page 4