Question: How do I create a Statement of Cash Flows for RedBear Landscaping from 2020 to 2021? RedBear Landscaping Company is preparing its annual financial statements

How do I create a Statement of Cash Flows for RedBear Landscaping from 2020 to 2021?How do I create a Statement of Cash Flows for RedBear Landscaping

RedBear Landscaping Company is preparing its annual financial statements at December 31, 2021. The financial statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized (meaning not in proper classified format) as follows: WORKSHEE T Balance Sheet at December 31 2021 2020 Increase/Decrease Cash $ 57,870 $ 35,120 22,750 Recon Accounts Receivable 2,050 350 0 Supplies 8,000 7,000 1,000 Prepaid Expenses 8,400 8,400 Equipment 32,000 22,000 10,000 Vehicles 50,000 50,000 Office Furniture 5,000 5,000 Accumulated Depreciation (33,000) (22,000) (11,000) DO NOT USE GET DEPR'N EXP FROM IS S 130,320 $ 107,220 23,100 1,700 0 $ Accounts Payable Accrued Expenses Payable Loan Payable (due in five years) Common Stock, $1 par Additional Paid in Capital Retained Earnings 4,700 $ 2,800 48,000 4,100 28,900 41,820 130,320 $ 5,000 2,400 44,500 4,000 28,000 23,320 107,220 (300) O 400 0 3,500 F 100F 900 F 18,500 NEED MORE DETAIL RE rollforward TRUE TRUE beg. Balance 23,320 $ $ 46,820 $ .+ NI .-dividends .= end bal $ 23,5000 (5,000) F 41,820 Income Statement for 2021 Services Revenue Wage Expense Insurance Expense Rent Expense Advertising Expense Depreciation Expense Interest Expense Income tax expense Net Income 91,200 37,000 8,400 6,000 1,000 11,000 2,800 1,500 23,500 Non_Cash Item, add back in statement of CF $ Additional Data: which are reflected in the FS above. Note: S21 this SLA not really linked to prior ones, only to certain extent a. The company purchased some new equipment totalling $10,000. b. The company restructured the Loan Payable with the bank, with a net increase of $3,500 c. The company issued an additional 100 shares of common stock for $10 per share. d. Complete a RE rollforward to determine if any dividends were paid

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