Problem 7-26

Balance sheet as of december 31 2013 assets cash

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Unformatted text preview: tflow for Expenses (72,000) Outflow for Sales Tax (6,000) Net Cash Flow from Operating Activities Cash Flows From Investing Activities Cash Flows From Financing Activities: Inflow from Loan 40,000 Net Cash Flow from Financing Activities Net Change in Cash Plus: Beginning Cash Balance Ending Cash Balance 49,200 0 40,000 89,200 0 89,200 Artesia Co. Income Statement For the Year Ended December 31, 2013 Service Revenue Expenses Operating Expenses Total Operating Expenses Operating Income Interest Expense Net Income 145,000 85,000 (85,000) 60,000 (500) 59,500 Artesia Co. Statement of Changes of Stockholders' Equ...
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