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Prepare the Cash Flow Statement (20points) December 31 2020 2019 Change Cash 90,000 65,000 25,000 Accounts receivable 25,000 36,000 (11,000) O Inventory 53,000 46,000 7,000

Prepare the Cash Flow Statement (20points)

December 31

2020

2019

Change

Cash

90,000

65,000

25,000

Accounts receivable

25,000

36,000

(11,000)

O

Inventory

53,000

46,000

7,000

O

Supplies

45,000

58,000

(13,000)

O

Land and Building

305,000

161,000

144,000

I

Furniture and Fixtures

310,000

300,000

10,000

I

Accumulated Depreciation

95,000

75,000

20,000

O

Accounts payable

48,000

45,000

3000

O

Unearned Revenue

29,000

35,000

(6,000)

O

Interest Payable

16,000

20,000

(4,000)

O

Bonds Payable

160,000

100,000

(40,000)

F

Common stock

200,000

171,000

29,000

F

Retained Earnings

280,000

220,000

60,000

Revenue

550,000

Cost of Goods Sold

(420,000)

Selling Expenses

(12,000)

Administrative Expenses

(10,000)

Depreciation Expense

(20,000)

O

Tax Expense

(25,000)

Net income

63,000

Dividends Paid

3,000

F

Check Figures:

Cash Flow from Operating Activities

93,000

Cash Flow from Investing Activities

(154,000)

Cash Flow from Financing Activities

86,000

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