Question: When assisting me with this question, could you please keep it in the same format so I have an easier understanding of how this should

When assisting me with this question, could you please keep it in the same format so I have an easier understanding of how this should be handled and wrote out

When assisting me with this question, could you please keep it inthe same format so I have an easier understanding of how this

Brendan's Bottled Water Ltd Income Statement Year 3 Sales $500 125 Less: Cost of Goods Sold Gross Profit 375 Wage Expense Rent Expense Depreciation Expense Total Operating Expense 30 20 50 100 Profit or (Loss) 275 Brendan's Bottled Water Ltd Statement of Owners Equity Year 3 Common Stock (paid-in capital) $80 430 275 add: Less: Retained Earnings - beg of year Net Income Dividends Retained Earnings - end of year 705 Owner's Equity @ 12/31/15 $785 Brendan's Bottled Water Ltd Comparative Balance Sheet Year 3 Year 2 Difference Assets $460 Cash Accounts Receivable Inventory Total Current Assets $720 40 25 785 460 250 CA - Cooler AD - Cooler 250 (50) 200 do not use Total Long Term Assets 250 710 Total Assets 985 Liabilities Current Liabilities Long Term Liabilities (Loan from Dad) Total Liabilities 200 200 200 200 80 Equity Common Stock Retained Earnings Total Equity 80 705 785 do not use 80 Total Liabilities and Stockholder's Equity 985 280 Brendan's Bottled Water Ltd Statement of Cash Flows Year 3 Cash Flows from Operating Activities Net Income add: Depreciation less: Gain or Loss on Sale of Capital Assets Change in Accounts Receivable Change in Inventory Change in Accounts Payable Change in Wages Payable Net Cash Flows from Operating Activities Cash Flows from Investing Activities Cash used to purchase cooler Net Cash Flows from Investing Activities Cash Flows from Financing Activites Cash flows from Long Term Borrowing Cash flows from Sale of Stock Cash flows from Payment of Dividends Net Cash Flows from Financing Activites Change in Cash Position Cash at beginning of period Cash at end of period

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