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Prepare a Statement of Cash flow for the year ended December 31, 2021. Given below are ancial information about Atas Corporation Assets 2020 2021 Cash

Prepare a Statement of Cash flow for the year ended December 31, 2021.


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Given below are ancial information about Atas Corporation Assets 2020 2021 Cash $240,000 $275,000 Accounts Receivable 460,000 485,000 Inventories 740,000 660,000 Prepaid expenses I 80,000 60,000 Total current assets $1,520,000 51,480,000 Plant and Equipment 1,800,000 2,000,000 Less Accumulated Amortization 400,000 600,000 Net plant and Equipment $1,400,000 51,400,000 Total Assets $2.920,000 52,880,000 LIABILITIES AND SHAREHOLDERS EQUITY Accounts payable $170,000 $140,000 Accrued Expenses 115,000 85,000 Income Taxes Payable 55,000 255,000 Notes payable 380,000 200,000 Bonds Payable (2026) I 700,000 500,000 Common Stock (100.000 shares) 1.200,000 1.200,000 Retained Earnings ($380,000 dividend paid in 2021) 300,000 500,000 Total Liabilities and Shareholders Equity 52.920,000 $2 880.000 income Statement For the year ended December 31, 2021 Sales Revenue $7,500,000 Less: Cost of Goods Sold 4,500,000 Gross Profit 3,000,000 Less: Selling General & Admin Expenses 880,000 Less: Amortization Expense I 200,000 EBIT 1.920,000 Less: Interest Expense 400,000 EBT 1,520,000 Less: Taxes (50%) 760,000 Net Income after taxes 5760,000 Required: Prepare a statement of Cash flow for the year ended December 31, 2021

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