Question: Create a statement of Cash Flows. Cash Flow Statement FY Ended 12/31/2017 ASSETS 2017 2016 Cash Flow From Operations Cash $ 33,411.00 $ 16,566.00 Net
Create a statement of Cash Flows.
| Cash Flow Statement FY Ended 12/31/2017 | |||||
| ASSETS | 2017 | 2016 | Cash Flow From Operations | ||
| Cash | $ 33,411.00 | $ 16,566.00 | Net Income | $ 3,155,848.00 | |
| Accounts Receivable | $ 260,205.00 | $ 318,768.00 | Depreciation | $ 212,366.00 | |
| Inventory | $ 423,819.00 | $ 352,740.00 | Dividends Paid | $ 2,966,412.00 | |
| Other current assets | $ 41,251.00 | $ 29,912.00 | Tax | $ 225,700.00 | |
| Total Current Assets | $ 758,686.00 | $ 717,986.00 | |||
| Plant Property & Equip | $ 1,512,675.00 | $ 1,403,220.00 | |||
| Goodwill & Other Assets | $ 382,145.00 | $ 412,565.00 | |||
| Total Assets | $ 2,653,506.00 | $ 2,533,771.00 | |||
| LIABILITIES | |||||
| Accounts Payable | $ 378,236.00 | $ 332,004.00 | |||
| Wages Payable | $ 14,487.00 | $ 7,862.00 | |||
| Accrued Income taxes | $ 21,125.00 | $ 16,815.00 | |||
| Total Current Liabilities | $ 413,848.00 | $ 356,681.00 | |||
| Long Term Debt: Bank Notes | $ 679,981.00 | $ 793,515.00 | |||
| Total Liabilities | $ 1,093,829.00 | $ 1,150,196.00 | |||
| Total Common Equity | $ 1,559,677.00 | $ 1,383,575.00 | |||
| Total Liabilities & Equity | $ 2,653,506.00 | $ 2,533,771.00 |
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