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Sharp Screen Films, Incorporated, is developing its annual financial statements at December 3i, current year. The statements are complete except for the statement of cash

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Sharp Screen Films, Incorporated, is developing its annual financial statements at December 3i, current year. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized as follows Additional Data: a. Bought-equipment for cash, $59.150 b. Paid $17,950 on the long-term note payable. c. Issued new shares of stock for $33.900 cash. d. Dividends of $700 were declared and paid. e. Other expenses all relate to wages. 1. Accounts payable includes only inventory purchases made on credit

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