A spreadsheet containing Whistler Corporation’s financial statements is available for download from McGraw-Hill’s Connect or your course instructor

WHISTLER CORP.
BALANCE SHEET
	2016	2017
Cash	$47,500	$76,700
Accounts receivable	0	43,100
Inventories	49,000	36,500
Total current assets	96,500	156,300
Land	15,800	15,800
Buildings	103,600	164,600
Equipment	63,200	65,500
Patents	5,200	5,200
Less: Accumulated depreciation	10,800	12,200
Total assets	273,500	395,200
Accounts payable to suppliers	48,000	25,900
Income taxes payable	0	10,700
Total current liabilities	48,000	36,600
Long term debt	100,100	134,000
Total liabilities	148,100	170,600
Shareholders’ equity
Common stock	125,400	177,400
Retained earnings	0	47,200
Total shareholders’ equity	125,400	224,600
Total liabilities and shareholders' equity	273,500	395,200
INCOME STATEMENT
		2017
Sales		165,300
Cost of goods sold		46,200
Depreciation expense		1,400
Net interest expense		2,000
Other expense		5,600
Income before taxes		110,100
Provision for income taxes		40,900
Net income		69,200
Dividends paid		22,000
Addition to retained earnings		47,200

a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2017.

b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2017.