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Problem 13-12 Prepare a Statement of Cash Flows (L013-1, LO13-2) A comparative balance sheet and an income statement for Burgess Company are given below: Burgess
Problem 13-12 Prepare a Statement of Cash Flows (L013-1, LO13-2) A comparative balance sheet and an income statement for Burgess Company are given below: Burgess Company Comparative Balance Sheet (dollars in millions) Ending Balance Beginning Balance $ 41 660 660 1,361 1,525 782 743 $2,104 $ 85 606 618 1,309 1,502 657 845 $2,154 Assets Current assetst Cash and cash equivalents Accounts receivable Inventory Total current assets Property, plant, and equipment Less accumulated depreciation Net property, plant, and equipment Total assets Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued liabilities Income taxes payable Total current liabilities Bonds payable Total liabilities Stockholders' equity: Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity $ 264 182 81 527 425 952 $ 162 168 74 404 620 1,024 155 997 1,152 $2,104 155 975 1.230 $2,154
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