Provide the Balance Sheet. Income Statement, and Statement of Cash Flows
| Curr Assets | | | |
| Cash | | | | 120,000 |
| Accounts Receivable | | 80,000 |
| Allowance for Uncollectible Accts | (4,000) |
| Prepaid Insurance | | | 10,000 |
| Supplies | | | | 20,000 |
| Inventory | | | 300,000 |
| Total Current Assets | | 526,000 |
| | | | | |
| Property Plant & Equipment | | |
| Land | | | | 68,000 |
| Equipment | | | 100,000 |
| Accumulated Depreciation | | (30,000) |
| Total PPE | | | 138,000 |
| Total Assets | | | 664,000 |
| | | | | |
| Liabilities & Stockholders Equity | |
| Current Liabilities | | | |
| Accounts Payable | | | 50,000 |
| Salaries Payable | | | 15,000 |
| Total Current Liabilities | | 65,000 |
| | | | | |
| Long Term Debt | | | 100,000 |
| Stockholders Equity | | |
| Retained Earnings | | | 44,000 |
| Common Stock | | | 455,000 |
| Total Stockholders Equity | | 499,000 |
| Total Liabilities & Stockholders Equity | 664,000 |
1 Cash Accounts Receivable Sales 400,000 100,000 500,000 250,000 COGS Inventory 250,000 180,000 2 Inventory Accounts Payable 180,000 3 Salary Expense Salary Payable Cash 35,000 15,000 50,000 7,000 4 Supplies Accounts Payable 7,000 80,000 5 Cash Accounts Receivable 80,000 5,000 6 Utilities Expense Cash 5,000 4,500 7 Accounts Payable Cash 4,500 12,000 8 Rent Expense Cash 12,000 2,000 9 Depreciation Expense Accumulated Depreciation 2,000 10 Supplies Expense Supplies 17,000 17,000 11 Insurance Expense Prepaid Insurance 1,100 1,100 300 12 Interest Expense Cash 300 17,000 13 Salary Expense Salary Payable 17,000 14 Retained Earnings Cash 4,000 4,000 50,000 Equipment Notes Payable 50,000 5,000 Depreciation Expense Acc Depreciation 5,000 3,000 15 Cash Unearned Revenue 3,000 7,000 16 Cash Customer Deposit 7,000 17 Customer Deposit Accounts Receivable Sales Revenue 7,000 49,250 56,250 18 Accounts Receivable Sales Revenue 1,563 1,563 1,500 19 Cost of Goods sold Inventory 1,500 20 accounts receivable Sales 100,000 100,000 5,000 21 Bad Debt Allowance for BD 5,000 22 Allows for BD A/R 5,000 5,000 80,000 23 cash accounts receivable 80,000 24 bad debt allowance for db 9,500 9,500 25 purchase of stock cash 100,000 100,000 52,500 26 investment to shaRE 52,500 50,000 27 Cash Dividend 50,000 28 Machinery Accumulate DP Loss on sale Cash Equipment 34,000 20,000 2,000 6,000 50,000 29 Cash Discount Bond Bond Payable 82,841 17,159 100,000 52,303 30 Fixed Assets Lease Liability 52,303 15,000 Lease Laib cash 15,000 Lease Liab interest Cash 13,636 1,364 15,000 13,076 31 Depreication laccum 13,076 1 Cash Accounts Receivable Sales 400,000 100,000 500,000 250,000 COGS Inventory 250,000 180,000 2 Inventory Accounts Payable 180,000 3 Salary Expense Salary Payable Cash 35,000 15,000 50,000 7,000 4 Supplies Accounts Payable 7,000 80,000 5 Cash Accounts Receivable 80,000 5,000 6 Utilities Expense Cash 5,000 4,500 7 Accounts Payable Cash 4,500 12,000 8 Rent Expense Cash 12,000 2,000 9 Depreciation Expense Accumulated Depreciation 2,000 10 Supplies Expense Supplies 17,000 17,000 11 Insurance Expense Prepaid Insurance 1,100 1,100 300 12 Interest Expense Cash 300 17,000 13 Salary Expense Salary Payable 17,000 14 Retained Earnings Cash 4,000 4,000 50,000 Equipment Notes Payable 50,000 5,000 Depreciation Expense Acc Depreciation 5,000 3,000 15 Cash Unearned Revenue 3,000 7,000 16 Cash Customer Deposit 7,000 17 Customer Deposit Accounts Receivable Sales Revenue 7,000 49,250 56,250 18 Accounts Receivable Sales Revenue 1,563 1,563 1,500 19 Cost of Goods sold Inventory 1,500 20 accounts receivable Sales 100,000 100,000 5,000 21 Bad Debt Allowance for BD 5,000 22 Allows for BD A/R 5,000 5,000 80,000 23 cash accounts receivable 80,000 24 bad debt allowance for db 9,500 9,500 25 purchase of stock cash 100,000 100,000 52,500 26 investment to shaRE 52,500 50,000 27 Cash Dividend 50,000 28 Machinery Accumulate DP Loss on sale Cash Equipment 34,000 20,000 2,000 6,000 50,000 29 Cash Discount Bond Bond Payable 82,841 17,159 100,000 52,303 30 Fixed Assets Lease Liability 52,303 15,000 Lease Laib cash 15,000 Lease Liab interest Cash 13,636 1,364 15,000 13,076 31 Depreication laccum 13,076
