The income statement for the year ended December 31, 2000, the balance sheets for December 31, 2000 and 1999 and the statement of retained earnings for the year ended December 31, 2000 for Technia Inc. are given here.

Prepare Statement of Cash Flows for the company.

Income Statement Technica, Inc. For the year ended December 31,2000
Sales revenues		$600,000
Less: Cost of Goods Sold		460,000
Gross Profits		$140,000
Less: Operating Expenses
General and administrative expenses	$30,000
Depreciation expense	30,000
Total Operating Expenses		60,000
Operating profits		$80,000
Less: Interest Expense		10,000
Net Profits before taxes		$70,000
Less: taxes		27,100
Earnings available for common stock holder		$42,900
Earnings per share		$2.15

Balance Sheet Technica,Inc.
	December 31
Assets	2000	1999
Cash	$15,000	16,000
Marketable Securities	7,200	8,000
Accounts Receivable	34,100	42,200
Inventories	82,000	50,000
Total Current Assets	138,300	116,200
Land and Buildings	150,000	150,000
Machinery and equipment1	200,000	190,000
Furniture and fixtures	54,000	50,000
Other	11,000	10,000
Total gross fixed assets	415,000	400,000
Less: Accumulated depreciation	145,000	115,000
Net fixed Assets	270,000	285,000
Total Assets	$408,300	$401,200
Liabilities and Stock Holders Equity
Accounts Payable	57,000	49,000
Notes Payable	13,000	16,000
Accruals	5,000	6,000
Total Current Liabilities	75,000	71,000
Long term debt	150,000	160,000
Stock holders equity
Common stock equity (shares outstanding:19,500 in 2000, and 20,000 in 1999)	110,200	120,000
Retained Earnings	73,100	50,200
Total Stock holders equity	183,300	170,200
Total Liabilities and Owner Equity	408,300	401,200

Statement of Retained Earnings Technica, Inc. For the year ended December 31,2000
Retained Earnings balance (Jan 1, 2000)	50,200
Plus: Net profits after taxes (for 2000)	42,900
Less: Cash dividend (paid during 2000)	(20,000)
Retained Earnings balance (Dec 31, 2000)	$73,100

1.Philagem, Inc., ended 2009 with a net profit before taxes of $218,000. The company is subject to a 40% tax rate and must pay $32,000 in preferred stock dividends before distributing any earnings on the 85,000 shares of common stock currently outstanding.

Calculate the companys 2009 EPS.

If the firm paid common stock dividend of $0.8 per share how many dollars will go to retained earnings.

Hayes enterprises began 2009 with retained earnings balance of $928,000. During 2009, the firm earned $377,000 after taxes, From this amount, preferred stock holders were paid $47,000 in dividends. At year end 2009, the retained earnings of the firm totaled $1,048,000. The firm had 140,000 shares of common stock outstanding during 2009.

Prepare a statement of retained earnings for the year ended December 31, 2009.

Calculate the firms EPS

Calculate Dividends per share.