WHAT WE KNOW:
	CROWN						PRINCE
		Net Income			$73,500			Net Income			$53,025
		Depreciation Expense			$20,000			Depreciation Expense			$40,000
		Accounts Receivable						Accounts Receivable
			Gross	$110,000					Gross	$110,000
			Allowance for Doubtful Accounts	-$15,000					Allowance for Doubtful Accounts	-$9,250
			Net Accounts Receivables		$95,000				Net Accounts Receivables		$100,750
		Inventory			$35,000			Inventory			$20,000
		Tax Liability			$31,500			Tax Liability			$22,725
		Purchase of Equipment			$200,000			Purchase of Equipment			$200,000
		Common Stock Issued			$100,000			Common Stock Issued			$100,000
		Long Term Debt Issued			$200,000			Long Term Debt Issued			$200,000
		Dividends Paid			$10,000			Dividends Paid			$10,000
		BOTH COMPANIES WERE FORMED JANUARY 1. THUS, NO OPENING BALANCE SHEET
		Name:
		CROWN					PRINCE
		Statement of Cash Flow					Statement of Cash Flow
		For the year ending December 31, 2018					For the year ending December 31, 2018
		Cash Flow from Operations					Cash Flow from Operations
			Net Income					Net Income
		Adjustments to reconcile net income to net					Adjustments to reconcile net income to net
		Cash provided by operating activities					Cash provided by operating activities
			Depreciation expense					Depreciation expense
			Change in Current Assets/Current Liabilities					Change in Current Assets/Current Liabilities
				Accounts Receivable					Accounts Receivable
				Inventory					Inventory
				Income Tax Payable					Income Tax Payable
			Net Cash provided by Operating Activities		$0			Net Cash provided by Operating Activities			$0
		Cash Flow from Investing Activities					Cash Flow from Investing Activities
			Purchase of Equipment					Purchase of Equipment
		Net Cash provided by Investing Activities					Net Cash provided by Investing Activities
		Cash Flow from Financing Activities					Cash Flow from Financing Activities
			Issuance of Stock					Issuance of Stock
			Issuance of Bonds					Issuance of Bonds
			Payment of Cash Dividend					Payment of Cash Dividend
		Net Cash provided by Finance Activities			$0		Net Cash provided by Finance Activities				$0
		Net Cash Flow			$0		Net Cash Flow				$0