Investing activities cash flows from financing activities

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Reference no: EM13864971

The following information was drawn from the records of Paso & Associates at December 31, 2012. Supplies $3,500 Unearned revenue $8,500 Consulting revenue 105,000 Notes payable 32,500 Land 68,000 Salaries payable 7,500 Dividends 10,500 Salary expense 47,500 Cash flow from fin. activities 20,500 Common stock issued 15,500 Interest revenue 4,500 Beginning common stock 25,500 Ending retained earnings 64,000 Accounts receivable 26,500 Cash 52,500 Cash flow from inv. activities (30,500) Interest payable 2,500 Cash flow from oper. activities 32,500 Interest expense 5,500 Prepaid rent 5,500 Required: Use the preceding information to construct an income statement, statement of changes in stockholders’ equity, balance sheet, and statement of cash flows (show only totals for each activity on the statement of cash flows). (For balance sheet, be sure to list assets and liabilities in order of liquidity. Individual expense, amounts to be deducted and negative values should be indicated with minus sign. Omit the "$" sign in your response.) Paso & Associates Income Statement For the Year Ended December 31, 2012 Revenue $ Total Revenue $ Expenses Total Expenses $ Paso & Associates Statement of Changes in Stockholders’ Equity For the Year Ended December 31, 2012 $ $ Total Stockholders’ Equity $ Paso & Associates Balance Sheet As of December 31, 2012 Assets $ Total Assets $ Liabilities $ Total Liabilities $ Stockholders’ Equity Total Stockholders’ Equity Total Liab. and Stockholders’ Equity $ Paso & Associates Statement of Cash Flows For the Year Ended December 31, 2012 Cash Flows From Operating Activities $ Cash Flows From Investing Activities Cash Flows From Financing Activities Net Change in Cash Ending Cash Balance $

Reference no: EM13864971

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