a. You only need to complete the 2012 column, leave the 2011 column as is.
b. Base you net income and certain other information needed from the income statement you completed in template 21.
c. Remember that cash outflows are entered as negative numbers.
d. During the year, the company did not dispose of any assets and bought a new delivery truck for $32,500.
e. The company paid $2,000 per month in mortgage principle payments.
f. Selected balance sheet account balances are shown below:
|
Balance sheet:
|
|
|
|
|
|
|
6/30/2012
|
6/30/2011
|
|
Taxes Payable
|
|
22688
|
11221
|
|
Accounts Receiv.
|
|
148777
|
156234
|
|
Wages Payable
|
|
10343
|
9211
|
|
Accounts Payable
|
125900
|
122010
|
|
Prepaid Expenses
|
2500
|
2500
|
|
Inventory
|
|
112400
|
108090
|
|
Cash
|
|
|
???????
|
14233
|