Find the 2019 cash flow statement based on the balance sheet. x 2019 Balance She

Question

Find the 2019 cash flow statement based on the balance sheet. x 2019 Balance Sheet ASSETS 2018 Cash Marketable Securities Accounts Receivable 3,518,061 $ 142,000 2,003,560 S (213,927) 525,710 658,079 15,000 75,000 $ 455,000 Allowance for Bad Debt (25,000) $ 23,676 $ (105,000) 21,574 Interest Receivable Prepaid Advertising Prepaid Insurance 80,875 $ 3,625 $ 314,919 51,000 14,120 S 139,836 $ 29,050 $ 3,520 148,945 34,982 0 Prepaid Rent 1 Office Supplies 12 Inventory Total Current 2201,792 2,078,980 4 Office Furniture s Equipment 95,000 S 4,700,000 5,000,000 5,000,000 Accumulated Depriciation(2,523,600)(2.000,000) (1.500,000) LT Notes Recelvable 285,000 S 285,000 $ ,250,000 1.450,000 1,450,000 : Patent Total Non Current 4.735,000 S4,950,000 7,028,980 6,936,792 LIABILITIES 450,000 $ 35,000 $ 1,026,325s 570,000 33,000 Accounts Payable 25-Wages Payable 2Interest Payable 27 ST Notes Payable 28 Deferred Revenue 2 Dividends Payable 30 Bonds Interest Payable 41,000 1918 573,350$ 155,000 $ 976,800 $ 17,000 3096,393 $ 1,345,000 $ 738,000 640,000 $ 1.250,000$ Total Current LT Notes Payable Bonds Payable 32 33 1,000,000 ourt on Bonds Payable 20,454 1,250,000 $ 1 1,890,000 s 2.324,546 S Total Non Current Total Liabilities 939 30 STOCKHOLDERS EQUITY 1,060,000 2,676,406$ (552,500) $ 1,000,000 1,824,406 1,824 1,000,000 1,824,406 38 Common Stock Additional Paid In Capital Treasury Stock 500,000 500,000$ 1 Contributed Capital 42 Retained Earnings Total SE Total Liabilities & SE 5,106,5025,046,792 $ 5,040,980 10,527,441 Is 6936,792 IS7,028,980 Balance Statement of Cash FlowsRatio AnalysisB + Income Statement-T-ACCT WKSHT 00

Explanation / Answer

Cash From Operating Activities Increase/(Decrease) in retained earning             (2,99,790)                           5,812 Add: Dividend for the year               9,76,800                     1,55,000 Add: Depreciation for the year               8,23,600                     5,00,000 Add: Allowances for Bad Debts               1,88,927                      (80,000) ( Increase)/Decrease in current assets Marketable Scurities                (67,000)                      (60,000) Accounts Receviable          (15,48,560)                        70,000 Interest Receviable                (57,199)                        (2,102) Prepaid Advertising                   (3,625)                                  -   Prepaid Insurance             (1,75,083)                           9,109 Prepaid rent                (21,950)                           5,932 Office Supplies                (10,600)                           1,880 Inventory               2,41,025                  (2,00,000) (Decrease)/Increase in current Liabilities Accounts Payable               5,76,325                  (1,20,000) Wages Payable                     6,000                           2,000 Interest Payable                     1,918                                  -   ST Notes Payable               4,60,000                                  -   Deffered Revenue               5,73,350                                  -   Bonds iNterest Payable                   17,000                                  -   Net Cash Provided by Operating Activities             16,81,138                     2,87,631 Cash Flow From Investing Activities Office Furniture                (95,000)                                  -   Equipment                            -                                    -   LT Note Receviable                            -                    (2,85,000) Land               2,00,000                                  -   Patent                (72,833)                                  -                     32,167                  (2,85,000) Cash Flow From Financing Actvities LT Notes Payable                   95,000                                  -   Bonds Payable               9,79,546                                  -   Dividend Paid             (1,55,000)                  (1,35,000) Common Stock                   60,000                                  -   Additional Paid in Capital               8,52,000                                  -          Treasurey Stock             (5,52,500)                                  -   Contributed Capital                            -                                    -               12,79,046                  (1,35,000) Begning Cash Balance               5,25,710                     6,58,079 Closing Cash Balance             35,18,061                     5,25,710 Equipment Value reduce by 300,000 Assumed write off no capital Gain/Loss Accordingly 300000 write off from Accumulated Depreciation

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