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Posted on Oct 05, 2024

Quarterly Balance sheets for Phlbum, Inc. For the Quarters Ending March 31, June 30, September 31 and December 31, 2021 Cash Accounts receivable Inventory Current

Quarterly Balance sheets for Phlbum, Inc. For the Quarters Ending March 31, June 30, September 31 and December 31, 2021 Cash Accounts receivable Inventory Current assets Gross bed assets (Accumulated depreciation) Net bued assets Land Investment in Comat, Inc Total assets os 100 2,200 5.000 7,300 22,000 0.200 13,800 5,600 10,200 36,900 02 500 2.900 6.000 9,400 36,000 (9300) 26,700 5,600 10,500 52,200 02 300 2,700 6.400 9,400 39,000 (10,000) 29,000 6,400 11 300 36,100 04 900 4,300 7300 12,500 45,000 10.800 35,200 6,500 12.000 66,200 Notes payable 500 1,500 Accounts payable 3,300 4,100 Accruals 800 1,400 Current portion LT debt 2,200 3.600 Current Rabies 6,800 10,800 LT debt 14,200 21,600 Common stock 1,800 1,800 Additional paid in capital 3,600 3,600 Retained eaming 10,500 14,400 Total liabilities and equity 36,900 52,200 Additional Infomation from Quarterly Income Statements for 2021 Qi 92 Sales 74,000 86,000 Net Income 5,900 8,600 Equity income 1,200 1,500 Gain(Loss) on sale of asset 1,100 NA 2,900 4,000 1,000 3.100 11,000 24,900 2,000 4,400 13,800 56,100 3,700 5,800 2,200 4.900 16,600 22 800 2.400 5,200 19,200 66,200 03 81,000 1900) 1,600 (500) 94 94,000 7,500 300 700 NOTES Philbum, Inc. purchased 30% of the stock of Comat, Inc, in 2016. Philbur purchased an additional 5% of the stock of Comat, Inc. for $500 on November 1, 2021 Philbum, Inc. sold an asset with an original cost of $3,600 on February 1, 2021. That asset was sold for 3.900 Phiburn, Inc. sold an asset with an original cost of $4100 on August 1.2021. That asset was sold for $2.000 Philibum, Inc. sold an asset with an original cost of $2,100 on November 1, 2021. Thataset was sold for $2.400 Construct a statement of cash flows for Philbum, Inc. for the period covering March 31, 2021 to December 31.2021 (that is, from the end of Q1 to the end of Q4). From that statement, answer the questions below: 48, NCF Operating Activities for the period March 31, 2021 to December 31, 2021 = $ 49, NCF Investing Activities for the period March 31, 2021 to December 31, 2021 = $_ 50. NCF Financing Activities for the period March 31, 2021 to December 31, 2021-5 Quarterly Balance sheets for Phlbum, Inc. For the Quarters Ending March 31, June 30, September 31 and December 31, 2021 Cash Accounts receivable Inventory Current assets Gross bed assets (Accumulated depreciation) Net bued assets Land Investment in Comat, Inc Total assets os 100 2,200 5.000 7,300 22,000 0.200 13,800 5,600 10,200 36,900 02 500 2.900 6.000 9,400 36,000 (9300) 26,700 5,600 10,500 52,200 02 300 2,700 6.400 9,400 39,000 (10,000) 29,000 6,400 11 300 36,100 04 900 4,300 7300 12,500 45,000 10.800 35,200 6,500 12.000 66,200 Notes payable 500 1,500 Accounts payable 3,300 4,100 Accruals 800 1,400 Current portion LT debt 2,200 3.600 Current Rabies 6,800 10,800 LT debt 14,200 21,600 Common stock 1,800 1,800 Additional paid in capital 3,600 3,600 Retained eaming 10,500 14,400 Total liabilities and equity 36,900 52,200 Additional Infomation from Quarterly Income Statements for 2021 Qi 92 Sales 74,000 86,000 Net Income 5,900 8,600 Equity income 1,200 1,500 Gain(Loss) on sale of asset 1,100 NA 2,900 4,000 1,000 3.100 11,000 24,900 2,000 4,400 13,800 56,100 3,700 5,800 2,200 4.900 16,600 22 800 2.400 5,200 19,200 66,200 03 81,000 1900) 1,600 (500) 94 94,000 7,500 300 700 NOTES Philbum, Inc. purchased 30% of the stock of Comat, Inc, in 2016. Philbur purchased an additional 5% of the stock of Comat, Inc. for $500 on November 1, 2021 Philbum, Inc. sold an asset with an original cost of $3,600 on February 1, 2021. That asset was sold for 3.900 Phiburn, Inc. sold an asset with an original cost of $4100 on August 1.2021. That asset was sold for $2.000 Philibum, Inc. sold an asset with an original cost of $2,100 on November 1, 2021. Thataset was sold for $2.400 Construct a statement of cash flows for Philbum, Inc. for the period covering March 31, 2021 to December 31.2021 (that is, from the end of Q1 to the end of Q4). From that statement, answer the questions below: 48, NCF Operating Activities for the period March 31, 2021 to December 31, 2021 = $ 49, NCF Investing Activities for the period March 31, 2021 to December 31, 2021 = $_ 50. NCF Financing Activities for the period March 31, 2021 to December 31, 2021-5