Question

2017 2018 Cost of goods sold Cash Depreciation $322,742 55,725 81,559 17.980 Interest expense Selling and administrative Accounts payable Net fixed assets Sales Accounts receivable Notes payable Long-term debt Inventory New equity $255,605 36,884 72,158 15,687 50.268 26,186 318,345 501.441 26,136 29.712 160,689 50,318 o 65,610 44,318 387,855 611,224 33,901 32,441 175,340 67,674 19.500

Provide a Statement of Cash Flows using the given information in the table.

Answer 1

Answer: Income Statement Sales Less: Cost of Goods sold Depreciation Interest Expenses Selling and Administrative Expenses Net Income $ $ $ $ $ $ 6,11,224 3,22,742 81,559 17,980 65,610 1,23,333 $ 1,23,333 $ 81,559 $ $ -7,765 -17,356 Cash Flow Statement Cash Flow from operating Activities Net Income Adjustments to reconcile net income to Cash Flow from Operating Activities Depreciation (Increase)/ Decrease in Current Assets Increasein Account receivables Increase in Inventory Increase / (Decrease ) in Current Liailities Increase in account payable Increase in Note Payale Cash Flow from operating Activities Cash Flow From Investing Activities Purchase of Fixed Assets Cash Used in Investing Actvities Cash Flow From Financing Activites Issue of New Stock Increase in Long term debt Cash Flow From Financing Activites Net Cash Increase Add: beginning Cash alance Ending Cash alance $ $ 18,132 2,729 $ 2,00,632 $ -2,15,942 $ -2,15,942 $ $ 19,500 14,651 $ $ $ $ 34,151 18,841 36,884 55,725