Balance Sheet, Net Income, and Cash Flows Financial information related to Abby's Interiors for October and November of 20Y6 is as follows:
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Balance Sheet, Net Income, and Cash Flows

Financial information related to Abby's Interiors for October and

November of 20Y6 is as follows:

  October 31, 20Y6 November 30, 20Y6

Notes payable $204,000   $234,000

Land 490,000   561,000  

Common stock 77,000   91,000 

 Retained earnings ?   ?

  Cash 58,000   173,000  


a. Prepare balance sheets for Abby's Interiors as of October 31, 20Y6.


Abby's InteriorsBalance SheetOctober 31, 20Y6

Assets

Total assets$

Liabilities

$Stockholders' Equity


Total stockholders' equity

Total liabilities and stockholders' equity$


b. Determine the amount of net income for November, assuming that dividends of $12,000 were paid.

$

c. Determine the net cash flows from operating activities for November.

$

d. Determine the net cash flows from investing activities for November.

$

e. Determine the net cash flows from financing activities for November.

$

f. Determine the net increase or decrease in cash for November.

$

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