Assignment One I. Assignment Subject: How to make and analyze three statements (CH4&5) II. Assignment Requirement: Please read the following cases in detail and try to use what we have learnt to do the analyzing process. IV. Evaluation Policy 1. The difficulty level of all of your assignments is "Medium".

Assignment One I. Assignment Subject: How to make and analyze three statements (CH4&5) II. Assignment Requirement: Please read the following cases in detail and try to use what we have learnt to do the analyzing process. Please try to finish your assignment by yourself and submit your assignment online (e-class). III. Submission Due: Late submission will NOT be accepted. IV. Evaluation Policy The difficulty level of all of your assignments is Medium. Your assignment will be evaluated in detail. Please check your assignment again before you submit it. 1. Assignment One I. Selected financial statement information and additional data for A Company is presented below. Please Prepare a statement of cash flows for the year ending December 31, 2016 A Company Statement of Financial Position and Income Statement Data December 31, December 31, 2016 2015 Property, Plant, and Equipment $1,241,000 $1,122,000 Less: Accumulated Depreciation (476,000) (442,000) 765,000 680,000 Current Assets: Inventory 391,000 340,000 Accounts Receivable 238,000 306,000 Cash 153,000 119,000 Total Current Assets 782,000 765,000 Total Assets $1,547,000 $1,445,000 Equity: Share Capital-Ordinary Retained Earnings Total Equity $510,000 374,000 884,000 $467,500 340,000 807500 Non-Current Liabilities: Bonds Payable 340,000 391,000 Current Liabilities: Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities 187,000 51,000 85,000 323.000 102,000 68,000 76,500 246,500 Total Liabilities 663,000 637500 Total Liabilities & Equity $1,547,000 $1,445,000 I. Assignment One Selected financial statement information and additional data for A Company is presented below. Please Prepare a statement of cash flows for the year ending December 31, 2016 A Company Statement of Financial Position and Income Statement Data December 31, December 31, 2016 2015 Property, Plant, and Equipment $1,241,000 $1,122,000 Less: Accumulated Depreciation (476,000) (442,000) 765,000 680,000 Current Assets: Inventory 391,000 340,000 Accounts Receivable 238,000 306,000 Cash 153.000 119,000 Total Current Assets 782,000 765.000 Total Assets $1,547,000 $1,445,000 Equity: Share Capital-Ordinary Retained Earnings Total Equity $510,000 374,000 884,000 $467,500 340,000 807,500 Non-Current Liabilities: Bonds Payable 340,000 391,000 Current Liabilities: Accounts Payable Notes Payable Income Taxes Payable Total Current Liabilities 187,000 51,000 85.000 323,000 102,000 68,000 76,500 246,500 Total Liabilities 663.000 637.500 Total Liabilities & Equity $1,547,000 $1,445,000 $1,615,000 731,000 884,000 $1,513,000 731,000 782,000 Sales Revenue Less Cost of Goods Sold Gross Profit Expenses: Depreciation Expense Salaries and Wages Expense Interest Expense Loss on Sale of Equipment Income Before Taxes Less Income Tax Expense Net Income 153,000 391,000 34,000 17,000 289,000 119,000 $170,000 136,000 357,000 34,000 o 255,000 102,000 $153,000 Additional Information: During the year, A Company sold equipment with an original cost of $153,000 and accumulated depreciation of $119,000 and purchased new equipment for $272,000