3) Given the following information, prepare a statement of cash flows for Middle Georgia Airlines: Depreciation 60,000 Increase in accounts receivable 27,000 Decrease in accrued expenses 5,000 Net Income $117,500 Increase in bonds payable 45,000 Increase in inventory 25,000 Preferred stock dividends paid 10,500 Decrease in prepaid expenses 10,000 Common stock dividends paid 50,000 Increase in plant and equipment 110,000 Increase in accounts payable 40,000 Increase in investments 23,000

Huluduey Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $17,500 $12,500 Inventory 51,650 44,200 Accounts payable 8,480 5,100 Dividends payable 9,480 6,100 Adjust net income of $75,800 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.

Use the comparative balance sheet and the additional information provided to prepare a cash flow statement for Yannik Inc for the year ended 12/31/2021. Cash Accounts receivable (net) Inventory Equipment Accumulated depreciation TOTAL Accounts payable Notes payable - Long-term Common stock Retained earnings TOTAL Notes 2021 900,000 600,000 900,000 1,500,000 (600,000) 3,200,000 650,000 700,000 1,200,000 750,000 3,200,000 2020 700,000 500,000 750,000 1,200,000 (500,000) 2,650,000 400,000 800,000 1,000,000 450,000 2,650,000 1. Net income was $400,000. 2. Net income include a loss on sale of equipment equal to $20,000. The equipment had a book value of $80,000 at the time of sale. 3. Depreciation for the year was $100,000 4. Dividends of 100,000 have been declared and paid. 5. Increases or decreases in Equipment, Common Stock or Notes Payable refers to relevant purchases, issuances sales or retirements.

Sunland Co. reports the following information: Net cash provided by operating activities Average current liabilities Average long-term liabilities Dividends paid Capital expenditures Purchase of treasury stock Payments of debt Sunland's free cash flow is $192000. $292000. $62000. O $16000. $422000 314000 214000 130000 230000 23000 72000

Swifty Ltd. had the following 2023 income statement data: Revenues Expenses 1/1/23 Revenues $113,000 In 2023, Swifty had the following activity in selected accounts: 12/31/23 49,200 $63,800 Accounts Receivable 19,100 113,000 34,780 1,320 Write-offs 96,000 Collections Allowance for Expected Credit Losses Write-offs 1.320 Swifty Ltd. Statement of Cash Flows (Indirect Method) 1,300 1.540 1.520 1/1/23 Loss on impairment 12/31/23 Prepare Swifty's cash flows from operating activities section of the statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a negative sign e.g. -10,000 or in parenthesis eg. (10,000).

Victor Corporation's comparative balance sheet for current assets and liabilities was as follows: Line Item Description Dec. 31, 20Y2 Dec. 31, 20Y1 Accounts receivable $13,400 $12,800 Inventory 57,300 58,000 Accounts payable 13,600 11,800 Dividends payable 29,000 27,000 Adjust net income of $123,400 for changes in operating assets and liabilities to arrive at net cash flows from operating activities.fill in the blank 1 of 1$

Prepare a balance sheet for Cornell Corp. based on the following information: cash = $120,000; accounts payable & accruals = $200,000; accounts receivable = $105,000; net fixed assets = $1,750,000; inventory = $290,000; notes payable = $160,000; Retained Earninigs = $660,000; Common Stock (par value+paid in Cap) = $400,000.   Prepare the balance sheet. Calculate the long term debt of the firm. Calculate the NWC (Net Working Capital) and Debt to Equity (D/E) ratio.

III. The following changes in the statement of financial position accounts of BC were gathered for preparation of Statement on Cash Flow: Cash Short-term investment Accounts receivable Inventory Noncurrent investment Equipment Accumulated depreciation - increase Accounts payable Dividends payable Short-term notes, non-trade Long-term debts Ordinary share, P10 par Share premium (APIC) Accumulated profits Increase (Decrease) 270,000 200,000 (20,000) 100,000 (100,000) 700,000 50,000 (5,000) 160,000 300,000 130,000 150,000 75,000 290,000 The following additional information relates to the same year: a. Net income was P1,090,000. b. Cash dividend declared was P800,000. c. Equipment costing P600,000 and having carrying cost of P350,000 was sold for P350,000. Required: Determine the following: 1. Total net cash flow 2. Net cash flow from operating 3. Net cash flow from investing 4. Net cash flow from financing

Blum Co. has the following balance sheet: 2023 $18,000 17,500 16,000 13,000 19,000 (12,000) Cash A/R Inventory L/T Investments Equipment Accum Depr A/P Accrued expenses Bonds Payable Common Stock Retained Earnings $69,000 47,000 22,000 11,500 $10,500 $12,000 2,000 14,000 19,000 24,500 The condensed income statement for 2023 is as follows: Sales COGS Gross Profit Operating expenses Net Income Additional Data: Equipment was bought for cash. Investments were sold at book value. Dividends of 5,000 were paid in cash. Stock was issued for cash. Bonds were retired for cash. 2022 $11,500 13,000 19,000 14,000 17,000 (11,500) $ 9,000 3,000 15,000 17,000 19,000 Prepare a Statement of Cash Flows (Indirect Method).for 2023. The stmt of CF must be presented in proper format. SHOW ALL COMPUTATIONS.

Question 3. Use the following information for Tesconi. Draw up a balance sheet, income statement, cash flow statement for this company in 2023. Account 2023 2022 Sales 366996 32220 253122 14300 24255 15235 Depreciation Cost of good sold Interest Cash A/R N/P L-T Debt Other CL Common stock and paid-in surplus Accumulated retained earnings Net FA A/P Inventory Taxe rate Dividend 10800 95000 15553 40000 365734 27420 27155 20000 35% 24046 12448 12000 80000 11571 40000 219826 324695 23184 25392