Problem 11-3 Larry's Landscaping March Statement of Cash Flows The following are the Balance Sheets for Larry's Landscaping as of February 28, 2017 (the end of last period) and March 31, 2019 (the end of this period) Larry's Landscaping Balance Sheets as of the End of February and March 2010 March 31. 2019 February 28, 2019 Assos Cash $17,500 $15.000 Total Current Assets 17.500 15,000 Eumant 40.000 25.000 Building 100.000 100.000 Accumuited Depreciation Equipment 1900) Accumulated Depreciation Building (1,000) Land.. 20000 20 000 Total Property. Plant & Equipment 156.500 145.000 Total Assets $170.000 $160.000 $100,000 100 000 Note Payable Long-Term $110.000 Total Liabilities 110,000 Owners' Equity Common Stock 0.000 Poid-in Capital in Excess of Par Value 54 XX Retained Earnings .000 Total Ow u ty 68.000 Tool s and Equity $175.000 6000 54,000 60 000 $160.000 The following additional information for the period March 1 to March 31, 2018 Additional Equipment was purchased for $15,000 cash Depreciation was recorded for the Equipment and for the Building $10.000 tona was borrowed on the long-Term Note from the bank The income Station for March showed a Not income of $6,000 No Dividends were decired during the month of March Use the following to complete this problem The Cash Flow Worksheet in the workbook 11.12 San Cash Flow Worksheet The form Statement of Cash Flows for March 1 to March 31, 2011 on Pg 230 Requirement 1 Prepare a Cash Flow Worksheet for the period March 1 to March 31, 2019 Tip: On your Cash Flow Wiveshow combine two on Devi Soraw o one once and Then we only want pour Sta a r Cash Requirement 2 Uning the data from the Cash Flow Worksheet prepared in Requirement p Statement of Cash Flows for the period March 1 to March 31, 2019 ara a AutoSave of Problem 11-1 to 11-4 Forms - br Bro Insert Draw Page Layout File Home Formulas Data Review View Dev 2 x fx omarie miller Statement of Cash Flows (Indirect Method) for the Period March 1 to March 31, 2019 Cash Flows from Operating Activities Net Income Cash Provided by Operating Activities Cash Flows from Investing Activities Cash Used by Investing Activities Cash Flows from Financing Activities Cash Provided by Financing Activities Increase in Cash from March 1 to March 31, 2019 Beginning Cash Balance March 1, 2019 Increase in Cash from March 1 to March 31, 2019 Ending Cash Balance March 31, 2019 11-1 11-2 11-3 11-4 Enter 1 Type here to search 158 SOLID FOOTING Chapter 11 - Statement of Cash Flows Problem 11-3 Larry's Landscaping March Statement of Cash Flows The following are the Balance Sheets for Larry's Landscaping as of February 28, 2019 (the end of last period) and March 31, 2019 (the end of this period): Larry's Landscaping Balance Sheets as of the End of February and March 2019 March 31, 2019 February 28, 2019 Assets Cash .. ..... $ 17,500 $ 15,000 Total Current Assets 17,500 15,000 Equipment ... 40,000 25,000 Building ......... 100,000 100,000 Accumulated Depreciation Equipment.. (500) Accumulated Depreciation Building ..... (1,000) Land 20,000 20,000 Total Property, Plant & Equipment 158,500 145,000 Total Assets $176,000 $160,000 $100,000 100,000 Liabilities Note Payable Long-Term ....... $110,000 Total Liabilities 110,000 Owners' Equity Common Stock .... 6,000 Paid-in Capital in Excess of Par Value. 54,000 Retained Earnings ...... ..... 6,000 Total Owners' Equity 66,000 Total Liabilities and Equity $176,000 6,000 54,000 60,000 $160,000 The following is additional information for the period March 1 to March 31, 2019: Additional Equipment was purchased for $15,000 cash. D Depreciation was recorded for the Equipment and for the Building. $10,000 of additional cash was borrowed on the Long-Term Note from the bank. The Income Statement for March showed a Net Income of $6,000. No Dividends were declared during the month of March. Use the following to complete this problem: The Cash Flow Worksheet in the workbook 11-12 Blank Cash Flow Worksheet The form "Statement of Cash Flows for March 1 to March 31, 2019" on Pg 239