Winter Park Web Design

Fill in the missing numbers for the Income Statement, Balance, Sheet and State of Cash Flows.

Winter Park Web Design Income Statements For the Years 2015 and 2016 Sales Cost of Goods Sold 2016 280,419$ 154,229 2015 225,000 123,750 Gross Profit Depreciation Expense Selling & Admin Expense 4,646 720 825 Net Operating Income Interest Expense 1,020 810 Earnings Before Tax laxes Net Income Notes: 37.0% 35.0% Tax Rate Shares Outstanding Earnings per Share Dividends per Share Addition to RE per Share $6.00 $5.00 Winter Park Web Design Balance Sheets For the Years 2015 and 2016 Cash Accounts receivable Inventories 2016 15,225$ 18,756 2015 11,250 11,325 Total Current Assets Gross fixed assets Accumulated depreciation 43,530 10,845 32,685 Net Fixed Assets Total assets Accounts payable Notes payable 12,302 4,500 4,500 4,500 750 Total Current Liabilities 10,673 10,673 7,500 Long-term debt Total Liabilities Common stock Additional paid in capital Retained earnings 15,351 Total Equity Total Liabilities& Equity Notes: Shares Outstanding 7,500 Winter Park Web Design Statement of Cash Flows For the Year 2016 Cash Flows from Operations Net Income Depreciation Expense Change in Accounts Receivable Change in Inventories Change in Accounts Payable Total Cash Flows from Operations Cash Flows from Investing Change in fixed assets Total Cash Flows from Investing Cash Flows from Financing Change in Notes Payable Change in Long-Term Debt Change in Common Stock Change in Paid-In Capital Cash Dividends Total Cash Flows from Financing Net Change in Cash Balance Check answer against Balance Sheet Beginning Cash From Balance Sheet Ending Cash From Balance Sheet Net Change in Cash Balance 5,295 (2,256) (1,586) 2,025 (30,255) $(30,255) (1,500) 2,250