Question

can you help me to fill these blanks. i coudnt get it

MN US Corporation (Data from Textbook) Source of Caily Use of Cash Cash Flow 2019 2018 2019 Balance Sheet Assets Current Assets Cash Accounts Receivable (AR) Inventory Total Fixed Ant NetFeed As US Corporation (Data from Textbook + small enhancement) Source of Cash 2018 Use of Cash Liabilities Current is 104 160 Beginn Accounts Payable AM 455 Accrued ploe Benefits 553 Short Term Nees Payable Cath from Operations Net Income Auments to Net Income 112 100 1 7 123 10 1644 1700 454 Stock based compensation Deferred mesected in Other NON CASH ITEMS AR Long Term Notes Payable Owner's Common Stock Retained aming Total Owner 12 60 1130 169 14 Total Arts Total 16 19 550 200 89 Revo Exp? Net Sales Cost of Goods Sold Employee Compensation Depreciation Earnings before interest Taxable income Tases (214 Net Income Dividende Addition to Retained Earnings Calculations required to beneficial for cash flow statement For Operating Activities Adjustments to recoms, non cath expenses depreciation Banortation stock band.com For investing Activities Depreciation and Feed Assets te calvate Net PPE For Financing Activities Principal payments & Borrowing or just show at change Net Common letehased AP Other Art Toral Change in Opening An Cash Flow from Orating Activities Net Change in Net Acquisition/Divestres Net Change Shortcong tam inestars Cash from Investing Activiti Debet antivement Equity issued purchased Other Financial Activities Cash from financing Net Cash Flow Beginning Cash Ending Cash Chechield 70 104 165 36

Answer 1

US CORPORATION
		2018	2019				2018	2019
Current Assets					Current Liabilities
	Cash	104	160	Source of cash		Account Payable	132	150	A	Source of cash
	Account Receivable	455	688	use of cash		Accrued employee Benefits	100	116	B	Source of cash
	Inventory	553	555	use of cash		Short term notes payable	196	123	C	use of cash
	Total Current asset	1112	1403			Total Current liabilties	428	389	D = A+B+C
Fixed Asset	Net Fixed Asset	1644	1709	use of cash	Long term notes payable	408	454	E	Source of cash
					Owners Equity
						Common stock	600	640	F	Source of cash
						Retained Earning	1320	1629	G	Source of cash
						Total	1920	2269	H = F+G
Total Asset		2756	3112		Total Liabilties and owner Equity	2756	3112	I = D+E+ H

Revenue Expense Expense Expense 1509 -550 -200 -89 INCOME STATEMENT -2019 Net Sales Less : Cost of Good Sold Less : employee compensatio Less : depreciation Earning before Interest and taxes Less: interest Taxable income Less: tax (600* 21%) Net income Less : dividend Addtion to retained earning Expense Expense 670 -70 600 -126 474 -165 309

calculation required for Cash flow statements
For operating activities :
Adjustment to net income
Depreciation & amortization as non cash expenses	89
For Investing Activities
Depreciation and fixed assets to calculate net PPE to find purchase of new asset or sales of new asset (Closing net PPE + depreciation - opening PPE) (1709 + 89-1644)	154
For financing activities
Principal (payments) & borrowing i.e. 454-408=46 borrowing	46
Net common equity issued i.e. 640-600	40

Cash flow from operation
Net income/ Loss	474
Adjustments to net income
Depreciation (non cash expense)	89
Stock Based compensastion	0
Deferred Taxes	0
Other non cash items	0
Changes in :
AR increase (455-688)	-233
Inventory increase (553-555)	-2
AP increase (150-132)	18
Other asset (acc. Employee benefit 116-100 = 16 + short term note (123-196 =- 73) =16-73 =57 net decrease in liabilty	-57
Total change in operating assets/ liabilities	-274
Cash flow from operation		289
Net change in PPE	-154
net acquisiations/ dives.	0
Net changes in short investment	0
Cash flow from Investing Activities		-154
Debe issuance/ payment (454-408	46
Equity Issuance/ repurchase (640-600)	40
Other fin. Acti i.e. Dividend payment	-165
Cash flow from financing activities		-79
net cash flow		56
Opening cash flow		104
Ending cash flow		160

WN: NET PPE
$ 1,644	opening balance , as on 2019
$ -89	depreciation
$ 1,555	balance should be on end of 2019
$ 1,709	actual balance
$ 154	Diff. Is purchase of PPE (1709-1555)