Chapter 1 Problem 14
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