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oo Search Front Ran × Call To Action Speech- 7 d21 free . Yahoo Search × 1() Call to Actions D https//newconnect.mheducation.com/flow/connect.htm nRAR a chi erapDMarioD Empire)Big Far Funny pictures D t el de mate Hot Game D Facebook D lig . - . serial Problems 15-17 Saved 2 Income Statement For Three Honths Ended March 31, 2818 Computer services revenue Net sales Total revenue Cost of goods sold Depreciation expense-Office equápment Depreclatlon expense-Computer equipment Wages expense Insurance expense Rent expense Computer supplies expense Advertising expense 24,707 43, 200 13 14,152 320 1,200 2,450 495 1,675 1,235 Prnt fleage expense Repairs expense-Compuser Total expenses 240 iet income s 19,963 BUSSNESS SOLUTZONS Conparative Balance Sheets December 31 2017nd Harch 31, 2018 ar31 Dec. 31, 201 2017 Assets 5 83.207 555,97 5.263

Explanation / Answer

BUSINESS SOLUTIONS Statement of Cash Flows (Indirect Method) For Quarter ended Mar 31, 2018 Cash Flow from opearating activities: Net Income            19,963.00 Add/(Less) non cash effects on operating activities Depreciation expense - Office Equipment                  320.00 Depreciation expense - Computer Equipment              1,200.00 Inrease in Accounts Receivables         (18,899.00) Inrease in Inventory               (654.00) Inrease in Computer Supplies            (1,545.00) Decrease in Prepaid Insurance                  615.00 Decrease in Accounts Payable            (1,190.00) Increase in Wages Payable                  425.00 Decrease in Unearned Computer Service Revenue            (2,300.00)         (22,028.00) Net Cash used by operating activities            (2,065.00) Cash flow from Investing Activities Net Cash used by Investing activities                           -   Cash Flow from Financing Activities Issue of Common Stock            29,000.00 Cash Dividend Paid            (4,700.00) Net Cash provided by Financing activities            24,300.00 Net Increase / (Decrease) in Cash            22,235.00 Cash balance at the Dec 31, 2017            58,972.00 Cash balance at the end - Mar 31, 2018            81,207.00 Retained Earnings Particulars Amt Particulars Amt To Cash Divdend (Bal. Fig.)        4,700.00 By Balance b/f        8,160.00 To Balance C/f      23,423.00 By Net Income      19,963.00      28,123.00      28,123.00

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