Question: Prepare a statement of cash flows for 2010 using the below data. Assume there were no changes in any other asset or liability accounts. The
Prepare a statement of cash flows for 2010 using the below data.
Assume there were no changes in any other asset or liability accounts.
The ending cash balance for 2009 was $100.
Make sure to identify Operating, Investing and Financing activities.
Marlett Company Financial Information
| Dec. 2009 | Dec 2010 | |
| Net Income | $2,000 | $4,000 |
| Accounts Receivable | $750 | $1,250 |
| Accumulated Depreciation | $1,000 | $1,400 |
| Common Stock | $4,500 | $5,500 |
| Paid in Capital | $7,500 | $8,500 |
| Retained Earnings | $1,500 | $3,500 |
| Accounts Payable | $750 | $950 |
| Marlett Company Statement of Cash Flows |
| Change In Cash | |
| Begining Cash Balance | |
| Ending Cash Balance |
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