Use a spreadsheet to create Cash Flow Statement for Contest Company, for the year ended December 31, 2005. Follow the steps on the contentpage.

Contest Company Comparative Balance Sheet for the years ended December 31, 2004 and 2005 Assets 2005 2004 Cash $63,000 $24,000 Accounts Receivable 48,000 54,000 Merchandise Inventory 126,000 108,000 Equipment 108,000 90,000 Accumulated Depreciation (24,000) (18,000) . Total $321,000 $258,000 Liabilities and Equity Accounts Payable $42,000 $30,000 Taxes Payable 6,000 12,000 Dividends Payable 9.000 Common Stock 198,000 180,000 Retained Earnings 66,000 36,000 Total $321,000 $258,000