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Total liabilities and stockholders' equity $329, eee $315, eee Required: a. Calculate the change that occurred in cash during the month. You may assume that

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Total liabilities and stockholders' equity $329, eee $315, eee Required: a. Calculate the change that occurred in cash during the month. You may assume that the change in each balance sheet amount is due to a single event (for example, the change in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earnings section of the balance sheet is, in and of itself, an analysis of the change in the retained earnings account for the month, the row for net income and dividends should be entered as the February amount and not the change. Use the space to the right of the January 31 data to enter the difference between the February 28 and January 31 amounts of each balance sheet item b. Prepare a statement of cash flows that explains above changes? Complete this question by entering your answers in the tabs below. Required A Required a Calculate the change that occurred in cash during the month. You may assume that the change in each balance sheet amount is due to a single event (for example, the change in the amount of production equipment is not the result of both a purchase and sale of equipment). Because the retained earnings section of the balance sheet is, in and of itself, an analysis of the change in the retained earnings account for the month, the row for net income and dividends should be entered as the February amount and not the change. Use the space to the right of the January 31 data to enter the difference between the February 28 and January 31 amounts of each balance sheet item. Show less MILLCO INC Balance Sheets January 31 and February 28, 2020 February 28 January 31 Change Data Sheets January 31 and February 28, 2020 February 28 January 31 Change Assets Cash Accounts receivable I $ 42,000 $ 64.000 81,000 $ 187,000 $ 37.000 53,000 94,000 184,000 Merchandise inventory Total current assets Plant and equipment: Production equipment Less: Accumulated depreciation 166,000 (24.000) 329.000 152,000 (21,000) 315.000 Total assets $ S Liabilities $ Accounts payable Short-term debt 37.000 $ 41.000 44,000 21.000 Other accrued liabilities Total current liabilities $ S 44,000 24,000 109.000 46,000 155,000 102.000 33.000 135,000 Long-term debt $ S Total liabilities Stockholders' Equity Common stock $ 104,000 $ 90.000 S 64,000 S 43.000 38.000 Retained earnings Beginning balance Net income for month Dividends Ending balance Total stockholders equity Total abilities and stockholders equity (10.000) 90.000 S 29.000 (3.000) 84.000 160 000 315.000 $ 194 000 5 S

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