A spreadsheet containing Whistler Corporation’s financial statements is available for download from McGraw-Hill’s Connect or your course instructor (see the Preface for more information).
a. Prepare a sources and uses statement for Whistler Corp. for fiscal year 2014.
b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2014. 

	Whistler Corporation Financial Statements
Balance Sheet:	2013	2014
Current Assets
Cash	$47,500	$76,700
Accounts Receivable	$0	$43,100
Inventories	$49,000	$36,500
Total current assets	$96,500	$156,300
Noncurrent Assets
Land	$15,800	$15,800
Buildings	$103,600	$164,600
Equipment	$63,200	$65,500
Patent	$5,200	$5,200
Accumulated depreciation	-$10,800	-$12,200
Total noncurrent assets	$177,000	$238,900
Total Assets	$273,500	$395,200
Current Liabilities
Accounts payable to suppliers	$48,000	$25,900
Income taxes payable	$0	$10,700
Total current liabilities	$48,000	$36,600
Noncurrent Liabilities
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:	2014
Sales	$165,300
Cost of goods sold	-46,200
Depreciation expenses	-1,400
Net interest expenses	-2,000
Other expenses	-5,600
Income before taxes	110,100
Provision for income taxes	-40,900
Net income	$69,200
Dividends paid	22,000
Additions to retained earnings	$47,200