Problem 5: Cash Statement Income Statement Cash Sales 400,000 Operating Cost of Goods Sold (250,000) Gross Profit 150,000 Operating Expenses (50,000) Depreciation Exp (10,000) Net Income 90,000 Balance Sheet + A Accts Payable + A Accrued Liabilities + May 4, 2022 Statement 000s Activities Net Income Depreciation Exp A Acct Receivable A Inventory A Prepaid Insur + + - Assets 2020 2019 Diff Cash 145,000 50,000 95,000 Accounts Receivable 70,000 60,000 10,000 Investing Inventory Prepaid Insurance 5,000 90,000 70.000 20,000 18,000 13,000 Operating Activities + Activities A Equipment Investing Activities Equipment 70,000 40,000 30,000 Accum Depreciation (20,000) Total Assets 360,000 (10,000) 228,000 10,000 Financing Activities A Notess payable Liabilities Acounts Payable 2020 35,000 2019 20,000 15,000 Diff Accrued Liabilities 40,000 30,000 10,000 Notes Payable 60,000 40,000 20,000 Total Liabilities Stockholders' Equity 135,000 90,000 A Common Stock Dividends Paid + + Financing Activities + Beg Cash Balance Increase in Cash Ending Cash Bal Common Stock 47,000 30,000 17,000 Retained Earnings 178,000 108,000 70,000 Total Equity 225,000 138,000 Liabilities & Equity 360,000 228,000 Dividends $20,000