Question
Prompt: Using the Blazer Corporation information and financial statements created in Unit 2 (see charts below), create a statement of Cash Flows for 2018. 2017
Prompt: Using the Blazer Corporation information and financial statements created in Unit 2 (see charts below), create a statement of Cash Flows for 2018.
2017 & 2018 Balance Sheet (The Blazer Corp.) | Amount | Amount |
2018 | 2017 | |
Assets | ||
Non-Current Assets | ||
Property, plant, and equipment | 2421 | 2293 |
Goodwill | 425 | 425 |
Other Assets | 374 | 622 |
Total Non-Current Assets | 3220 | 3340 |
Current Assets | ||
Inventory | 5209 | 4864 |
Accounts receivables | 1049 | 1347 |
Short Investments | 2032 | 1681 |
Cash | 1101 | 2240 |
Other Current Assets | 438 | 384 |
Total Current Assets | 9829 | 10516 |
Total Assets | 13049 | 13856 |
Equity and Liabilities | ||
Equity | ||
Common Stock | 31 | 31 |
Retained Earnings | 5678 | 4678 |
Total Equity | 5709 | 4709 |
Non-Current Liabilities | ||
Long term Debt | 1620 | 2025 |
Unredeemed gift liabilities | 385 | 427 |
Total Non-Current Liabilities | 2005 | 2452 |
Current Liabilities | ||
Accounts payable | 2776 | 4984 |
Accrued income tax payable | 137 | 26 |
Accrued liabilities | 1878 | 1641 |
The current part of long-term debt | 544 | 44 |
Total Current Liabilities | 5335 | 6695 |
Total Equity and Liabilities | 13049 | 13856 |
2017 and 2018 Income Statement (The Blazer Corp.) | Amount | Amount |
2018 | 2017 | |
Revenue | ||
Sales | 42151 | 39403 |
Investment and Other Income | 49 | 34 |
Total revenue | 42200 | 39437 |
Expenditure | ||
Cost of goods sold | 32275 | 29963 |
Depreciation | 683 | 654 |
Income tax expense | 818 | 609 |
Interest expense | 75 | 72 |
Selling, general and administrative expense | 7349 | 6911 |
Total expenditure | 41200 | 38209 |
Profit (post-tax) | 1000 | 1228 |
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