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Prepare a properly formatted Statement of Cash Flow using the data provided 2020 2019 $ $ Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current
Prepare a properly formatted Statement of Cash Flow using the data provided
2020 2019 $ $ Assets Cash Accounts Receivable Inventory Prepaid Expenses Total Current Assets 35,445 17,000 25,450 4,000 81,895 23,215 14,000 20,000 4,450 61,665 Equipment Accumulated Depreciation Net Fixed Assets 85,450 (28,000) 57,450 78,000 (24,000) 54,000 Total Assets $ 139,345 $ $ 115,665 Liabilities & Stockholders' Equity Accounts Payable $ 14,000 Salaries Payable 10,000 Total Current Liabilities 24,000 $ 23,665 8,000 31,665 Mortgage Payable Total Liabilities 47,000 71,000 34,000 65,665 Common Stock Retained Earnings Total Stockholders' Equity 26,000 42,345 68,345 12,000 38,000 50,000 Total Liabilities & Equity $ 139,345 $ 115,665Step by Step Solution
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