Cash Flow Pr 16-5B template

Cash Flow Pr 16-5B template - Common Stock ($1 par) 60,000...

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Rucker Photography Products, Inc. Rucker Photography Products, Inc. Cash Flow Worksheet, 2010 Income Statement, FYE 2010 2009 Dr. Cr. 2010 Sales 1,134,900 Assets: Cost of goods sold 698,400 Cash 28,200 41,600 Gross profit 436,500 Accounts receivable (net) 110,700 11,200 121,900 Operating Expenses: Inventories 170,500 5,100 175,600 Depreciation expense 8,700 Investments 60,000 60,000 - Other operating expense 289,800 Land - 174,000 174,000 Total operating expenses 298,500 Equipment 210,600 47,400 258,000 Income from operations 138,000 Accumulated Depreciation (49,600) 8,700 (58,300) Other income and expense: Total Assets 530,400 712,800 Loss on Sale of Investments (6,000) Income before income taxes 132,000 Liabilities: Income tax expense 52,800 Accounts payable 114,200 6,800 121,000 Net Income 79,200 Accrued expenses payable 15,800 2,200 18,000 Dividends payable 12,000 57,000 60,000 15,000 Total Liabilities 142,000 154,000 Stockholder's Equity:
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Unformatted text preview: Common Stock ($1 par) 60,000 7,200 67,200 Paid in capital in excess of par 120,000 144,000 264,000 Retained earnings 208,400 60,000 79,200 227,600 Total Stockholder's Equity 388,400 558,800 Total Liabilities & Stkhldr. Eq. 530,400 354,700 368,100 712,800 Cash Flows: From Operating Activities: Net income 79,200 Add depreciation exp 8,700 less inrease in A/R 11,200 less increase in inventory 5,100 Add increase of A/P 6,800 Add increase of accrued exp. 2,200 add loss on sale of investm 6,000 Net cash flow from op activ 86,600 From Investing Activities: land purchased for cash 174,000 sold investments for cash 54,000 equipm purchased for cash 47,400 Net cash flow from investing activ (167,400) From Financing Activities: issued c/s for cash 151,200 paid cash dividends 57,000 Net cash flow from financing activ 94,200 Change in cash for the period 13,400 Add beginning cash 28,200 ending cash 41,600...
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This note was uploaded on 02/11/2012 for the course BUSINESS 130 taught by Professor Mccormack during the Spring '10 term at Berea.

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