TGIF Corp.
Required: a Cash Flow Statement
TGIF Corp.
Statement of Financial Position
December 31,
	($ in millions)
	2016	2015
Cash	45	40
Accounts Receivable	92	96
Allowance for doubtful accounts	(12)	(4)
Prepaid expensees	8	5
Inventory	145	130
Long-term investment	80	40
Land	100	100
Buildings	411	300
Accumulated depreciation	(142)	(120)
Patent	16	17
TOTAL ASSETS	743	604
Accounts payable	15	32
Accrued liabilities	0	10
Notes payable	95	125
Obligations under capital lease	111	0
Bonds payable	65	50
Common stock	245	205
Retained earnings	212	182
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	743	604
Additional Information:
1. Net income and a cash dividend are the reasons for the change in retained earnings.
2. Common stock was issued for cash during 2016
3. Net income for 2016 was $50,000,000
4. The increase in buildings is the result of entering into a capital lease valued at $111,000,000.