example 494618 | Homework Solutions

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2011 2010 53875 76625 -22750 496250 65000 49625 15375 -250000 273750 252500 21250 246250 5375 6250 -875 159500 110000 49500 18750 -34625 -44000 9375 136500 522875 451000 71875 -155250 91000 88125 116625 -28500 -5125 10000 6250 3750 85875 93750 53750 40000 -12125 168750 156250 12500 73750 32500 0 32500 129750 118125 11625 522875 451000 71875 480875 496250 -299750 -15375 -135625 480875 -12125 -447500 33375 250000 21250 11625 28500 -35000 299750 -23375 136500 3000 -875 -40500 0 47000 135625 -51900 -42400 -32400 76625 44225 0 -9650 12125 73750 0 18750 0 875 12125 5125 -15375 -21250 -28500 -40375 33375 Statement of Cash Flows 480875 496250 -299750 -15375 -135625 480875 -12125 -447500 33375 250000 21250 13625 28500 -25000 299750 -11375 136500 3750 -875 -31375 0 45000 135625 -62125 -44750 -22750 76625 53875 12125 73750 18750 875 12125 5125 -15375 -21250 -28500 -40375 33375 Statement of Cash Flows Cash received from customers Cash provided by/used for operating activities Investing Activities Cash paid for merchandise Net Cash provided by/used for Investing Activities Financing Activities Cash paid for operating expenses Net Cash provided by/used for Financing Activities Net Cash Decrease Beginning Cash Balance Ending Cash Balance Cash paid for interest Net Income Cash paid for income taxes Net Cash provided by Operating Activities Cash Received from Customers Sales Subtract Increase in AR Cash Paid for Merchandise Cost of Goods Sold Add increase in Merchandise Inventory Add decrease in Accounts Payable Cash Paid for Operating Expenses Operating Expenses Subtract decrease in Prepaid Expenses Income Tax Expense Cash Paid for Income Taxes Add Depreciation Add Decrease in Prepaid Expenses Add Losses Subtract Increase in Accounts Receivable Subtract Increase in Inventory Subtract Decrease in Accounts Payable Sold…

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