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YOU WILL NEED THIS INFORMATION TO COMPLETE THE BALANCE SHEET WHICH WILL BE THE START OF CALCULATING THE NUMBERS FOR CASH FLOW 2021 Cash 15,000
YOU WILL NEED THIS INFORMATION TO COMPLETE THE BALANCE SHEET WHICH WILL BE THE START OF CALCULATING THE NUMBERS FOR CASH FLOW 2021 Cash 15,000 Accounts receivable 19,600 Inventory 34,400 Prepaid expenses 6,000 Plant and equipment 250,000 Less: Accum. amortization 50,000 Accounts payable 12,000 Notes payable 8,000 Mortgage Payable 48,000 Loan From shareholder 27,000 Common stock 75,000 Retained earnings 105,000 Total Shareholders' Equity 180,000 ASSIGNMENT Use the data above, plus the other data provided on various parts of the financial statements to put together the cash flow statement for the 2021 year, and calculate the ratios for the two years (as applicable). USE EXCEL FORMULAE TO INPUT DATA
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