SA Times New R- 10 Extra Credit Problem Stmt of Cash Flows Word blake cosby X File Home Insert Draw Design Layout References Mailings Review View Help Tell me what you want to do & Share Cut Times New Ro 10 - A Aa- -5.9 AL LE Copy Format Painter cDe . 1 Normal 1 No Spac... Heading 1 Heading 2 Find - abc Replace Select Paste BIU - abe x, x? A-aly - A == Title Subtitle Sensitivity Clipboard Font Editing Sensitivity Paragraph Styles 'I'I'.1''II.2.!!!!!!!!!!!!!!!!!!!!!!!!!! 1... > CHARLIE COMPANY Comparative Balance Sheet Dec. 31, 2018 Dec. 31, 2017 Assets Cash Accounts receivable Prepaid expenses Inventory Long-term investments Equipment Accumulated depreciation-equipment Total assets $ 28,000 18,000 7,000 25,000 -0- 60,000 (18,000) $120.000 $13,000 14,000 9,000 15,000 18,000 30,000 (14.000) $85.000 6.,11...5...1...4...1...3...1...2...1...1. Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 25,000 37,000 40,000 18.000 $120.000 $ 7,000 45,000 23,000 10.000 $85.000 Additional information: 1. Net income for the year ending December 31, 2018, was $20,000. 2. Cash dividends of $12,000 were declared and paid during the year. 3. Long-term investments that had a book value of $18,000 were sold for $13,000 resulting in a $5,000 loss on disposal Page 1 of 1 180 words LE 100% Type here to search 7:02 PM 9/12/2020 Extra Credit Problem Stmt of Cash Flows - Word References Mailings Review View Help Tell me what you want to do T Normal I No Spac... Heading 1 Heading 2 is Paragraph Styles 5 Using the following Balance Sheet and additional information, prepare a Statement of Cash Flows for Charlie Company for 2018 on the following page: (30 points) CHARLIE COMPANY Comparatite Balance Sheet Dec 31, 2018 Dec 31, 2012 AGE $ 28,000 18.000 7,000 25,000 Cash Accounts receivable Prepaid expenses Inventory Long-term investments Equipment Accumulated depreciation equipment Total assets $13,000 14,000 9,000 15,000 18,000 30,000 60.000 S120.000 SSS.OR Liabilities and Stockholder Equi $ 25.000 $ 7.000 Accounts payable