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Prepare a statement of cash flows of Stanislaus Co
Prepare a statement of cash flows of Stanislaus Co. for the year ending December 31, 2012
December 31
2011 2012
Cash.............................................................. 42,000 63,000
Land $ 58,800 $ 21,000
|
Equipment..................................................... |
504,000 |
789,600 |
|
Inventory....................................................... |
168,000 |
201,600 |
|
Accounts receivable (net).............................. |
84,000 |
151,200 |
TOTAL................................................ $856,800 $1,226,400
|
Share capital–ordinary.................................. |
$420,000 |
$ 487,200 |
|
Retained earnings.......................................... |
67,200 |
205,800 |
|
Notes payable - Long-term............................ |
168,000 |
302,400 |
|
Notes payable - Short-term........................... |
67,200 |
29,400 |
|
Accounts payable.......................................... |
50,400 |
86,000 |
Accumulated depreciation............................ 84,000 115,600
TOTAL........................................... $856,800 $1,226,400
Additional data for 2012:
- Net income was $235,200.
- Depreciation was $31,600.
- Land was sold at its original cost.
- Dividends of $96,600 were paid.
- Equipment was purchased for $84,000 cash.
- A long-term note for $201,600 was used to pay for an equipment purchase.
- Share capital–ordinary was issued to pay a $67,200 long-term note payable.
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