Copy of Cash Flow Pr 16-4A

Copy of Cash Flow Pr 16-4A - Common Stock ($1 par) 16,000...

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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 2,990,000 Assets: Cost of goods sold 1,226,000 Cash 339,700 321,700 Gross profit 1,764,000 Accounts receivable (net) 273,700 9,700 283,400 Operating Expenses: Inventories 491,400 14,100 505,500 Depreciation expense 22,000 Investments 120,000 120,000 - Other operating expense 1,550,000 Land - 260,000 260,000 Total operating expenses 1,572,000 Equipment 340,000 100,000 440,000 Income from operations 192,000 Accumulated Depreciation (100,200) 22,000 (122,200) Other income and expense: Total Assets 1,464,600 1,688,400 Loss on Sale of Investments (32,000) Income before income taxes 160,000 Liabilities: Income tax expense 51,400 Accounts payable 374,200 11,700 385,900 Net Income 108,600 Accrued expenses payable 35,400 3,700 31,700 Dividends payable 3,200 1,200 4,400 Total Liabilities 412,800 422,000 Stockholder's Equity:
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Unformatted text preview: Common Stock ($1 par) 16,000 4,000 20,000 Paid in capital in excess of par 96,000 112,000 208,000 Retained earnings 939,800 10,000 108,600 1,038,400 Total Stockholder's Equtiy 1,051,800 1,266,400 Total Liabilities & Stkhldr. Eq. 1,464,600 1,688,400 Cash Flows: From Operating Activities: net income 108,600 add deprec 22,000 less increase in A/R 9,700 less increase in inventory 14,100 add increase in A/P 11,700 less decreasein exp pay 3,700 remove loss on sale of inv from op act 32,000 net cash provided from operations 146,800 From Investing Activities: land bought for cash 260,000 equip bought for cash 100,000 sold investments for cash 88,000 net cash used for investing activ (272,000) From Financing Activities: issued c/s for cash 116,000 paid cash dividends 8,800 net cash provided from financing activ 107,200 net change in cash (18,000) add beginning balance 339,700 ending cash balance 321,700...
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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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