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please use the income statement and the balance sheet to create a cash flow statement. The third picture is the template that you follow to

please use the income statement and the balance sheet to create a cash flow statement. The third picture is the template that you follow to create the cash flow statement image text in transcribed
image text in transcribed
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H $ 441,000 202 200 238,800 A1 fix Monopoly Corporation B D E F G 1 Monopoly Corporation 2 Income Statement 3 Year Ended December 31, 2016 4 Net Sales Revenue 5 Cost of Goods Sold 6 Gross Profit 7 Operating Expenses: 8 Salaries Expense Depreciation Expense- Plant Assets 10 Other Operating Expenses 11 Total Operating Expenses 12 Operating Income 13 Other Revenues and (Expenses): 14 Interest Revenue 15 Interest Expense 16 Total Other Revenues and Expenses) 17 Net Income Before Taxes 18 Income Tax Expenso 19 Net Income 20 21 22 $76,400 14,200 $10,500 101,100 137 700 8800 (21.600.00) (12,800 124,900 $ 19,500 $ 105,400 23 24 25 26 27 28 29 30 31 32 33 D G H 1 E Monopoly Corporation Comparative Balance Sheet December 31, 2016 and 2015 2 2016 2015 $26.400 26,700 79,700 $15,100 25,200 91,600 118,510 (19,610) 34,800 $266,500 110,310 (15,610) 7,000 $233,600 5 6 Assets 7 Current Assets: 8 Cash 9 Accounts Receivable 10 Merchandise Inventory 11 Long Term Assets: 12 Plant Assets 13 Accumulated Depreciation - Plant Assets 14 Land 15 Total Assets 16 17 Liabilities 18 Current Liabilities 19 Accounts payable 20 Accrued Liabilities 21 Long Term Liabilities 22 Notes Payable 23 Total Liabilities 24 25 Stockholders' Equity 26 Common Stock, No Par 27 Retained Earnings 28 Total Stockholders' Equity 29 Total Liabilities and Stockholders' Equity 30 31 $35.100 28,200 $30,500 30,100 73,000 $136,300 106,000 $ 166,600 88,100 42,100 130.200 $266,500 64,700 2.300 67.000 $233,600 H 6 A1 fx Monoploy Corporaton B C D E 1 Monoploy Corporaton 2 Statement of Cash Flows (Operations only) 3 Year Ended December 31, 2016 4 Cash Flows from Operating Activities: S Net Income Adjustments to Reconcile Net Income to Net Cash 7 Provided by Operating Activities: 8 Depreciation Expense-Plant Assets 9 Increase in Accounts Receivable 10 Decrease in Merchandise Inventory 11 Increase in Accounts Payable 12 Decrease in Accrued Liabilities 13 Net Cash Provided by Operating Activities 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35

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