Question

Assignment Gradebook ORION Downloadable eTextbook nt NOSKER COMPANY Comparative Balance Sheets December 31 Assets Cash Accounts receivable Inventory Equipment Accumulated depreciation-equipment 2017 2016 $35,250 $20,150 19,700 20,700 77,900 (29,200) (23,750) $123,350 $114,700 32,050 26,200 59,050 Total Liabilities and Stockholders' Equity Accounts payable Income taxes payable Bonds payable Common stock Retained earnings $28,650 16,700 8,100 26,600 32,050 14,250 43,600 $123,350 $114,700 7,450 18,550 42,100 Total NOSKER COMPANY Income Statement For the Year Ended December 31, 2017 $241,750 175,450 Sales revenue Cost of goods sold arch FR

Answer 1

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Cash Flow
Net Income		$ 30,200
Adjustment to Net income:
Depreciation Expenses		$ 15,950
Increase in Inventory		$ -5,500
Increase in Receivable		$-12,350
Increase in Accounts Payable		$ 11,950
Decrease in Income Tax payable		$     -650
Net Cash flow from Operating Activities		$ 39,600
Cash flow from Investing activities:
Sale of Equipment		$    8,350
Net Cash from Investing Activities		$    8,350
Cash flow from financing activities:
Issuance of Common Stock		$    4,300
Redemption of Bonds		$ -5,450
Payment of Dividend		$-31,700
Net Cash from Financing Activities		$-32,850
Net Increase in Cash		$ 15,100
Add: Beginning Balance		$ 20,150
Ending Balance		$ 35,250