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A comparative balance sheet for Consumer

Ltd. is presented as follows: Liabilities & S/H Equity

Accounts payable Accrued expenses

Bonds payable (long-term) Common shares Retained earnings

Assets Cash Accounts receivable Inventory 14,300

Equipment 52,300 Accum. Depreciation (8,000)

Total Assets $73,900

Income Statement for the year 2019:

Revenues: Sales

Expenses and other: Cost of goods sold Other expenses Depreciation expense Loss on sale of old equipment

Net Income

Dec 31/19 $ 3,800 11,500

Dec 31/18 $ 4,900 8,100 13,800

31,900 (10,000)

$48,700

$96,200 19,500 1,800

3,500

Dec 31/19 $ 8,900 500

16,800 36,700 11,000

Dec 31/18 $ 5,700 800

7,700 25,900 8,600

$48,700

Total Liabilities & S/H Equity $73,900

$133,300

121,000

$12,300

During 2019, the company sold some of their old equipment. $30,000 of new equipment items were acquired by issuing common shares $8,000, and the balance paid with cash. Consumer Ltd. also issued bonds at par and paid dividends during the year.

A comparative balance sheet for Consumer

Ltd. is presented as follows: Liabilities & S/H Equity

Accounts payable Accrued expenses

Bonds payable (long-term) Common shares Retained earnings

Assets Cash Accounts receivable Inventory 14,300

Equipment 52,300 Accum. Depreciation (8,000)

Total Assets $73,900

Income Statement for the year 2019:

Revenues: Sales

Expenses and other: Cost of goods sold Other expenses Depreciation expense Loss on sale of old equipment

Net Income

Dec 31/19 $ 3,800 11,500

Dec 31/18 $ 4,900 8,100 13,800

31,900 (10,000)

$48,700

$96,200 19,500 1,800

3,500

Dec 31/19 $ 8,900 500

16,800 36,700 11,000

Dec 31/18 $ 5,700 800

7,700 25,900 8,600

$48,700

Total Liabilities & S/H Equity $73,900

$133,300

121,000

$12,300

Required: Prepare a Cash Flow Statement for the year 2019 in good format.

800 A comparative balance sheet for Consumer Ltd. is presented as follows: Assets Dec 31/19 Dec 31/18 Liabilities & SH Equity Dec 31/19 Dec 31/18 Cash $3,800 $ 4,900 Accounts payable $ 8,900 $5,700 Accounts receivable 11,500 8,100 Accrued expenses 500 Inventory 14,300 13,800 Bonds payable (long-term) 16,800 7,700 Equipment 52,300 31,900 Common shares 36,700 25,900 Accum. Depreciation (8.000) (10.000) Retained earnings 11.000 8.600 Total Assets $73.900 $48.700 Total Liabilities & SIH Equity $73.900 548.700 Income Statement for the year 2019: Revenues: Sales $133,300 Expenses and other Cost of goods sold $96,200 Other expenses 19,500 Depreciation expense 1,800 Loss on sale of old equipment 3.500 121.000 Net Income $12.300 During 2019, the company sold some of their old equipment. $30,000 of new equipment items were acquired by issuing common shares $8,000, and the balance paid with cash. Consumer Ltd. also issued bonds at par and paid dividends during the year. Required: Prepare a Cash Flow Statement for the year 2019 in good format