Question: Please prepare cash flow for every year based on the information provided: Alison the Architect Income statement for the years ended December 31 20X1 20X2
Please prepare cash flow for every year based on the information provided:
| Alison the Architect | ||||||||||
| Income statement | ||||||||||
| for the years ended December 31 | 20X1 | 20X2 | 20x3 | |||||||
| Sales | $127,970 | $152,280 | $201,000 | |||||||
| Salary expenses | 37,440 | 40,440 | 44,520 | |||||||
| Rent expenses | 14,400 | 15,600 | 17,160 | |||||||
| Phone expenses | 4,560 | 4,920 | 5,400 | |||||||
| Office supplies expenses | 4,670 | 5,400 | 8,040 | |||||||
| Utilities expenses | 186,000 | 20,040 | 22,080 | |||||||
| Insurance expenses | 9,300 | 10,151 | 11,590 | |||||||
| Kitchen supplies expenses | 8,490 | 7,480 | 7,670 | |||||||
| Professional service expenses | 1,300 | 1,840 | 1,730 | |||||||
| Depreciation expenses | 7,812 | 9,565 | 10,879 | |||||||
| Pretax income | 21,398 | 36,844 | 71,931 | |||||||
| Tax expenses | 8,559 | 14,738 | 28,772 | |||||||
| Net income | $12,839 | $22,106 | $43,159 | |||||||
| Earning per share | $0.19 | $0.32 | $0.64 | |||||||
| Alison the Architect | ||||||||||
| Statement of Owner's Equity | Common | Additional | Retained Earnings | Total | ||||||
| for the years ended December 31 | Stock | paid in capital | ||||||||
| January 1 20X0 | $ | $ | $ | $ | ||||||
| Issuance of stock during 20X1 | 67,000 | 234,500 | 301,500 | |||||||
| Net income for 20x1 | 12,839 | 12,839 | ||||||||
| Dividends declared in 20X1 | -5,360 | -5,360 | ||||||||
| December 31, 20X1 | 67,000 | 234,500 | 7,479 | 308,979 | ||||||
| Issuance of stock during 20x2 | ||||||||||
| Net income for 20x2 | 22,106 | 22,106 | ||||||||
| Dividends declared 20x2 | -4,020 | -4,020 | ||||||||
| December 31,20x2 | 67,000 | 234,500 | 25,565 | 327,065 | ||||||
| Issuance of stock during 20x3 | ||||||||||
| Net income for 20x3 | 43,159 | 43,159 | ||||||||
| Dividend declared 20x3 | -12,060 | -12,060 | ||||||||
| December 31,20x3 | $67,000 | $234,500 | $56,664 | $358,164 | ||||||
| Alison the Artitect Balance sheet | |||||||
| As of December 31 | |||||||
| Current Assets | 20X1 | ||||||
| Cash | $266,370 | ||||||
| Accounts receivable | 16720 | ||||||
| Office supplies | 1,170 | ||||||
| Kitchen supplies | 260 | ||||||
| Prepaid insurance | 2280 | ||||||
| Total current assests | 286800 | ||||||
| Fixed assests | |||||||
| Automobile | 34500 | ||||||
| Accumulated depn | -6900 | ||||||
| Net book value | 27600 | ||||||
| Computers | 1320 | ||||||
| Accumulated depn | -330 | ||||||
| Net book value | 990 | ||||||
| Copiers | 2910 | ||||||
| Accumulated depn | -582 | ||||||
| Net book value | 2328 | ||||||
| Total fixed assests | 30918 | ||||||
| Total assests | $317,718 | ||||||
| Current liabilities | |||||||
| Accounts payable | 780 | ||||||
| Taxes payable | 5319 | ||||||
| Professional service payable | 1300 | ||||||
| Dividend payable | 1340 | ||||||
| Total current liabilities | 8739 | ||||||
| Owner's equity | |||||||
| Common stock | $67,000 | ||||||
| Additional paid in capital | $234,500 | ||||||
| Retained earnings | $7,479 | ||||||
| Total owner's equity | $308,979 | ||||||
| Total liabilities and equity | $317,718 | ||||||
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