Required information The following informations to the opted below) Cascade Commy was started on Januaryt Yeart when cred $60.000 cash from the owners. During Yourt the competened cash revenues of $35.000 and incurred cash experties of $18.00. The company is paid cash butions of $4.000 Required Prepare your income statement, capital sement(stement of changes in equily balance sheet and statement of canh tows under each of the following assumptions. Consider each assumption separately) a Cascade la sole proprietorship owned by Carl Cascade Complete this question by entering your answers in the tabs below. The Stat Strmt of Changes Bel Sheet Cash Pows Prepare a statement of cash flows for Year 1. (Cashoutiews should be indicated with a mission) CASCADE COMPANY Statement of Cash Flow For the Year Ended December 3, Year Cashows from operating advies 5 16.800 Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Changes Bal Sheet Cash Flows Prepare an income statement for Year 1. CASCADE COMPANY Income Statement For the Year Ended December 31, Year 1 $ 0 Cinc Sim Stmt of Changes > Required information Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Changes Bal Sheet Cash Pows Prepare a capital statement (statement of changes in equity) for Year 1. (Deductions should be indicated by a minus sign.) CASCADE COMPANY Capital Statement For the Year Ended December 31 Yeart Beginning capital balance Plus Capital acquired from owner 60,000 Plus: Net Income 16,900 Losse Withdrawal by owner 4,000 80,900 Ine Stmt Bal Sheet > Beginning capital balance Capital acquired from owner Common stock Ending capital balance Required information Ine Stmt Stmt of Changes Bal Sheet Cash Flows Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31 Yeart Assets Cash 72,900 $ 72,900 Total Assets Liabilities Equity Carl Cascade, capital 72.900 Total liabilities and equity 72,900 Required information Inc Stmt Stmt of Changes Bal Sheet Cash Flows Prepare a statement of cash flows for Year 1. (Cash outflows should be indicated with a minus sign.) CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: 16,900 $ 16,900 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: 0 Net cash flow from financing activities Net change in cash 16,900 $ Ending cash balance $ 16,900 Required information Complete this question by entering your answers in the tabs below. Inc Stmt Stmt of Changes Bal Sheet Cash Pows Prepare a capital statement (statement of changes in equity) for Year 1. (Deductions should be indicated by a minus sign.) CASCADE COMPANY Capital Statement For the Year Ended December 31 Yeart Beginning capital balance Plus Capital acquired from owner 60,000 Plus: Net Income 16,900 Losse Withdrawal by owner 4,000 80,900 Ine Stmt Bal Sheet > Beginning capital balance Capital acquired from owner Common stock Ending capital balance Required information Ine Stmt Stmt of Changes Bal Sheet Cash Flows Prepare a balance sheet for Year 1. CASCADE COMPANY Balance Sheet As of December 31 Yeart Assets Cash 72,900 $ 72,900 Total Assets Liabilities Equity Carl Cascade, capital 72.900 Total liabilities and equity 72,900 Required information Inc Stmt Stmt of Changes Bal Sheet Cash Flows Prepare a statement of cash flows for Year 1. (Cash outflows should be indicated with a minus sign.) CASCADE COMPANY Statement of Cash Flows For the Year Ended December 31, Year 1 Cash flows from operating activities: 16,900 $ 16,900 Net cash flow from operating activities Cash flows from investing activities Cash flows from financing activities: 0 Net cash flow from financing activities Net change in cash 16,900 $ Ending cash balance $ 16,900
