Using the information provided on the Balance Sheet, complete Statement of Cash Flows Using the information provided

Using the information provided on the Balance Sheet, complete Statement of Cash Flows

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Using the information provided on the Balance Sheet, conplete Statement of Cash Flows. Subrm completed file in the area provided. Crabtree Corporation - Balance Sheet Assets Dec. 31, 2013 Dec. 31, 2012 Cash 22,000 13,000 Accounts Receivable 106,000 88,000 Equipment 37,000 22,000 Less: Accumulated Depreciation (17,000) (11.000) Total 148.000 112.000 Liabilities and Stockholders Equity Accounts Payable Common Stock Retained Earnings 20,000 15,000 100,000 80,000 28,000 17.000 Total 148.000 112.000 Net income of $34,000 was reported and dividends of $23,000 were paid in 2013. Crabtree Corporation - Statement of Cash Flows Cash flows from operating activities Net incorne Depreciation Increase in accounts payable increase in accounts receivable Net cash provided/used by operating activities Cash flows from investing activities Purchase of equipment Cash flows from financing activities Issuance of stock Payment of dividends Net cash provided/used by financing activities Net increase/decrease in cash Cash at beginning of year Cash at end of vear Using the information provided on the Balance Sheet, conplete Statement of Cash Flows. Subrm completed file in the area provided. Crabtree Corporation - Balance Sheet Assets Dec. 31, 2013 Dec. 31, 2012 Cash 22,000 13,000 Accounts Receivable 106,000 88,000 Equipment 37,000 22,000 Less: Accumulated Depreciation (17,000) (11.000) Total 148.000 112.000 Liabilities and Stockholders Equity Accounts Payable Common Stock Retained Earnings 20,000 15,000 100,000 80,000 28,000 17.000 Total 148.000 112.000 Net income of $34,000 was reported and dividends of $23,000 were paid in 2013. Crabtree Corporation - Statement of Cash Flows Cash flows from operating activities Net incorne Depreciation Increase in accounts payable increase in accounts receivable Net cash provided/used by operating activities Cash flows from investing activities Purchase of equipment Cash flows from financing activities Issuance of stock Payment of dividends Net cash provided/used by financing activities Net increase/decrease in cash Cash at beginning of year Cash at end of vear

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