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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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