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Shaggy's Surfboards Shaggy's Surfboards Shaggy's Surfboards Shaggy's Surfboards Balance Sheet ( 0 0 0 ' s ) Year 1 Year 2 Income Statement ( 0
Shaggy's Surfboards Shaggy's Surfboards Shaggy's Surfboards Shaggy's Surfboards
Balance Sheet s Year Year Income Statement s Statement of Cash Flows Direct Statement of Cash Flows Indirect
For Year Ending Year For Year Ending Year For Year Ending Year
Assets
Cash flow from operating activities: Cash flow from operating activities:
Cash Sales Cash Receipts: Net Income
Accounts Receivable Net Cost of Sales Received From Customers Adjustments:
Inventory Wage Expense Cash Payments: Change in AR
Property, Plant, and Equipment Depreciation Expense Vendors Change in Inventory
Accumulated Depreciation Interest Expense Employees Noncash Event Adjustment
Total Assets Tax Expense Interest Change in AP
Net Income Taxes Change in Wages Payable
Accounts Payable Net Cash Provided by Operating Activities Change in Interest Payable
Wages Payable Change in Taxes Payable
Interest Payable Cash Flow From Financing Activities Net Cash From Operating Activities
Taxes Payable Notes Payable
Notes Payable Cash Flow From Financing Activities
Common Stock Total Cash Flow Notes Payable
Retained Earnings
Total Liabilities and Equity Total Cash Flow
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