Question: Using the following information prepare a cash flow statement. Hamilton Beach Company Comparative Balance Sheets December 31, 2018 and 2019 Assets 2018 2019 Difference Cash

Using the following information prepare a cash flow statement.

Hamilton Beach Company
Comparative Balance Sheets
December 31, 2018 and 2019
Assets 2018 2019 Difference
Cash 15,000 47,000 32,000
Accounts Receivable 55,000 47,000 (8,000)
Inventory 110,000 144,000 34,000
Prepaid Expenses 5,000 1,000 (4,000)
Long Term Investments 127,000 115,000 (12,000)
Land 55,000 55,000 -
Building & Equipment 450,000 660,000 210,000
Accumulated Depr-Building & Equipt (68,000) (103,000) (35,000)
Total Assets 749,000 966,000 217,000
Liabilities & Stockholder's Equity
Accounts Payable 43,000 50,000 7,000
Income Tax Payable 5,000 3,000 (2,000)
Accrued Liabilities 9,000 12,000 3,000
Bonds Payable 245,000 295,000 50,000
Common Stock $5 par value 200,000 276,000 76,000
Additional paid in capital 115,000 214,000 99,000
Retained Earnings 132,000 141,000 9,000
Treasury Stock - (25,000) (25,000)
Total Liabilities & Stockholders Equity 749,000 966,000 217,000
Additional Information:
1. Net Income $16,000
2. Building & Equipment Depreciation $37,000
3. Sold Investments for $102,000 on which there was a gain of $12,000
4. Sold for $5,000 equipment that cost $10,000 and had accumulated depreciation of $2,000
5. Issued 15,200 shares of $5 par value common stock for $175,000
6. Issued $100,000 of long term bonds in a noncash transaction for buildings
7. Repaid a bond in the amount of $50,000
8. Equipment and building purchased for $120,000
9. Paid dividends of $7,000
10. Purchased investments $78,000
11. Purchased treasury stock in the amount of $25,000

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