C Problem 4 (15 marks) You are given the following balance sheet information: HUSKY TRADING CO. Assets 2018 Cash 6,800.00 Accounts receivable 51,900.00 Inventories 75,200.00 Equipment 335,400.00 Accumulated depreciation (42,000.00) Total assets 427,300.00 Li abilities and Equity Accounts payable 41,200.00 Income tax payable 13,200.00 Bank loans 62,300.00 Long-term debt 85,800.00 Common stock 122,600.00 Retained earnings 102,200.00 Total liabilities and equity 427,300.00 2019 10,800.00 48,900.00 96,700.00 378,400.00 (48,000.00) 486,800.00 52,200.00 10,700.00 68,300.00 65,800.00 147,600.00 142,200.00 486,800.00 a. Assume the firm had net earnings of $100,000 in 2019. Prepare a cash flow statement (Statement of Changes in Financial Position) in good form for 2019. (5 marks) Prepare the sources and Uses Statement for 2019. (5 Marks) Prepare the Cash Flow Identity for 2019. (5 marks) b. C. C Problem 4 (15 marks) You are given the following balance sheet information: HUSKY TRADING CO. Assets 2018 Cash 6,800.00 Accounts receivable 51,900.00 Inventories 75,200.00 Equipment 335,400.00 Accumulated depreciation (42,000.00) Total assets 427,300.00 Li abilities and Equity Accounts payable 41,200.00 Income tax payable 13,200.00 Bank loans 62,300.00 Long-term debt 85,800.00 Common stock 122,600.00 Retained earnings 102,200.00 Total liabilities and equity 427,300.00 2019 10,800.00 48,900.00 96,700.00 378,400.00 (48,000.00) 486,800.00 52,200.00 10,700.00 68,300.00 65,800.00 147,600.00 142,200.00 486,800.00 a. Assume the firm had net earnings of $100,000 in 2019. Prepare a cash flow statement (Statement of Changes in Financial Position) in good form for 2019. (5 marks) Prepare the sources and Uses Statement for 2019. (5 Marks) Prepare the Cash Flow Identity for 2019. (5 marks) b. C