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Calculate the Statement of Cash Flows
Balance Sheet
2014 2015 2014 2
Cash $950,254 $453,200 A/P $1,858,489 $
A/R $2,134,590 $2,976,578
Inventory $1,897,650 $2,245,678 N/P $880,256 $
Total CA $4,982,494 $5,675,456 Total CL $2,738,745 $
Net FA $1,458,950 $1,895,264 LT Debt $1,527,449 $
Common Stock $1,500,000 $
Retained Earnings $675,250 $
Total Assets $6,441,444 $7,570,720 Total Liab. & Equity $6,441,444 $
$0 (
Income Statement 2015
Revenues $13,854,120 Operations I
Cost of Goods Sold $10,850,322 Net Income C
Gross Profit $3,003,798 + Depreciation -
Expenses $1,562,333 +/- A/R
Depreciation $796,540 +/- Inv
EBIT $644,925 +/- A/P
Interest Expense $123,567
Taxable Income $521,358
Taxes (45%) $234,611
Net Income $286,747

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