Halifax Super Computers Inc.					Halifax Super Computers Inc.
	Balance Sheet ($ millions)					Income Statement ($ millions)
ASSETS			2020	2019			2020	2019
Current Assets						Sales Revenues	6,000.0	5,700.0
Cash			20	30		Cost of Goods Sold	3,600.0	3,534.0
Short-term Investments				120		Contribution Margin	2,400.0	2,166.0
Cert. of Deposit				10		Operating Expenses
Accounts Receivable			750	630		Salaries	500.0	475.0
Inventory			1,230	830		Wages	625.0	593.8
	Total Current Assets		2,000	1,620		General/Admin	507.4	391.2
Net Plant & Equipment			2,000	1,740		Amortization
TOTAL ASSETS			4,000	3,360		Depreciation	200.0	180.0
LIABILITIES and SHAREHOLDERS' EQUITY						Interest	176.0	120.0
Current Liabilities						Earnings B4 Taxes	391.6	406.0
Accounts Payable			120	60		Taxes	156.6	162.4
Notes Payable			220	120		Earnings After tax	235.0	243.6
Taxes Payable			20	25		Preferred Dividends	1.0	1.0
Accrued Expenses			260	235		Net Earnings
Total Current Liabilities			620	440		Appliable to Common	234.0	242.6
Long Term Debt
First Mortgage Bonds			1,000	872		Shares o/s	100 million
Debenture Bonds			508	288
Total Liabilities			1,508	1,160
Equity
Preferred Shares			10	10
Common Shares			340	340
Retained Earnings			1,522	1,410
Total Equity			1,872	1,760
TOTAL LIABILITIES
AND EQUITY			4,000	3,360

Problem 1 (15 marks)

a. Complete the 2020 Cash Flow Statement for Halifax Super Computers. (5 marks)

b. Complete the 2020 Sources and Uses Statement for Halifax Super Computers.

c. Complete the 2020 Cash Flow Identity Statement for Halifax Super Computers. (5 marks)