Question #1: Interpreting Financial Statements a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2017. b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2017. Ouatic Teletin : WHISTLER CORP. BALANCE SHEET Cash Accounts receivable Inventories Total current assets Land Buildings Equipment Patents Less: Accumulated depreciation Total assets 2016 $47,500 0 49,000 96,500 15,800 103,600 63,200 5,200 10,800 273,500 2017 $76,700 43,100 36,500 156,300 15,800 164,600 65,500 5,200 12,200 395,200 48,000 0 48,000 100,100 148,100 25,900 10,700 36,600 134,000 170,600 Accounts payable to suppliers Income taxes payable Total current liabilities Long term debt Total liabilities Shareholders' equity Common stock Retained earnings Total shareholders' equity Total liabilities and shareholders' equity 125,400 0 125,400 273,500 177,400 47,200 224,600 395,200 INCOME STATEMENT Sales Cost of goods sold Depreciation expense Net interest expense Other expense Income before taxes Provision for income taxes Net income 2017 165,300 46,200 1,400 2,000 5,600 110,100 40,900 69,200 Dividends paid Addition to retained earnings 22,000 47,200