Question: Balance Sheet and Income Statement information is provided below for the Western Marine Supply Company. Using the information below, complete the cash flow sections below:
Balance Sheet and Income Statement information is provided below for the Western Marine Supply Company. Using the information below, complete the cash flow sections below: Balance Sheet 12/31/18 12/31/17 Cash $ 45,785 $ 39,060 Accounts Receivable 21,835 28,950 Inventory 71,320 83,070 Equipment 105,000 80,000 Accumulated Depreciation ( 65,700) (62,000) Patents 15.000 _3,000 Total Assets $193.240 $172,080 Accounts Payable Notes Payable Common Stock Retained Earnings Total Liabilities and Stockholders' Equity $ 36,900 35,000 90,000 31.340 $193.240 $ 78,575 20,000 45,000 28,505 $172.080 Income Statement Revenue Expenses Depreciation Net Income $408,365 (362,830) 3.700) $ 41.835 Operating Activities Investing Activities Financing Activities
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