Cash Flow Statement Practice 2.docx

Statement of Cash Flow – Practice # 2 From the Balance Sheet shown below, prepare the Statement of Cash Flow for the year ended December 31st 2014.  

The Net Income for the year ended December 31st 2014 was $94,000. Dividends paid during the year ended December 31st 2014 were $67,000.

Hoeman, Inc. Comparative Balance Sheets At December 31st.2014 and December 31st. 2013 2014

2013

Difference

Sign

Assets Current Assets Cash Accounts receivable Merchandise Inventory Total of current assets Fixed Assets Land Buildings Less: Accumulated depreciation Total of fixed assets Total of Assets Liabilities Current Liabilities Accounts payable Notes payable Total of current liabilities Long-term debt Total of Liabilities Owners´equity Common stock Retained Earnings Total of Owners´equity Total of Liabilities plus Owners´equity

Manager´s signature

$

$ $

$ $

$ $ $ $ $ $ $

52,000 124,000 156,000 332,000

$

140,000 415,000 120,000 435,000 767,000

$

167,000 155,000 322,000 192,000 514,000

$

50,000 203,000 253,000 767,000

$

$

$ $

$ $ $

$ $

46,000 134,000 176,000 356,000 140,000 290,000 105,000 325,000 681,000

197,000 124,000 321,000 139,000 460,000 45,000 176,000 221,000 681,000

Accountant´s signature