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prepare the statement of cash flow(it's a new business,all the accounts are 0 at the beginning of the year): Cornell Cabinets, Inc Income Statement for
prepare the statement of cash flow(it's a new business,all the accounts are 0 at the beginning of the year):
Cornell Cabinets, Inc Income Statement for the year ended December 31, 2017 Cornell Cabinets, Inc Balance Sheet December 31, 2017 Cornell Cabinets, Inc Statement of Owners' Equity for the year ended December 31, 2017 Common Additional Retained 135,947 42,010 1,220 S 286,700 StockPaid-in C EarningsTotal 5 Operating expenses Accounts receivable Shop supplies on hand Office supplies on hand Prepaid insurance Lumber inventory Total assets Beginning balance Issuance of stock Net income Dividends declared Ending balance 114,100 Lumber expense Shop supplies expense Office supplies expense Marketing expense Gasoline expense Insurance expense Rent expense Utilities expense 94,760 7,180 8,100 70,043 9,864 7.680 13,200 18.848 57,025 20,529 36.496 1.95 18,700 36,496 6,310 3,840 16,560 200,257 S 18,700S 114,100 30,186 $162,986 Liabilities Pretax income Tax expense Net income Earnings per share Accounts payable Taxes payable Dividends payable Total liabilities 11,132 20,529 5,610 37,271 Stockholders' equity Common stock Additional paid-in capital in excess of par Retained earnings Total equity 8,700 114,100 30.186 162,986 200.257 Total liabilities and equityStep by Step Solution
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