Question: Required: Create a cash flow statement for Contest Company, for the year ended December 31, 2015, on the spreadsheet provided. Comment on the company's financial

Required:

  • Create a cash flow statement for Contest Company, for the year ended December 31, 2015, on the spreadsheet provided.
  • Comment on the company's financial performance with respect to major items affecting cash.

Additional Information:

- The company had a net income of $60 000 in 2015.

- Equipment costing $21 000 was purchased.

- 1 500 Common Shares were issued at $12 per share for a total of $18 000.

- $21 000 in cash dividends were paid out.

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