Problem IV: Cash Statement Statement 475,000 (250,000) 225,000 (75,000) (15,000) 135,000 Income Sales Cost of Goods Sold Gross Profit Operating Expenses Depreication Expense Net Income Cash Statement Operating Activities Net Income Depreciation Exp A Acct Receivable A Inventory A Prepaid Insur X Accts Payable + + + + A Accrued Liabilities Operating Activities + + Investing Balance Assets Cash Accounts Receivable Inventory Prepaid Insurance Equipment Accum Depreciation Total Assets Sheet 2020 145,000 30,000 105,000 15,000 185.000 (45,000) 435,000 2019 100,000 52,000 75,000 8,000 105,000 (30,000) 310,000 Diff 45,000 22,000 30,000 7,000 80,000 15,000 Activities A Equipment Investing Activities Financing - + Activities A Notes payable A Common Stock Dividends Paid Financing Activities - Liabilities Acounts Payable Accrued Liabilities Notes Payable Total Liabilities 2020 35,000 30,000 45,000 110,000 2019 25,000 25,000 50,000 100,000 Diff 10,000 5,000 5,000 Beg Cash Balance Increase in Cash Ending Cash Bal Stockholders' Equity Common Stock Retained Earnings Total Equity 1 100,000 225.000 325,000 30,000 180,000 210,000 70,000 45,000 435,000 310,000 Liabilities & Equity Dividends pd $90,000