Solution-Prepare a statement of cash flows for cavamanlis

Prepare a statement of cash flows for cavamanlis inc

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Reference no: EM131820921

Problem

The comparative balance sheets of Constantine Cavamanlis Inc. at the beginning and the end of the year 2014 are as follows.

CONSTANTINE CAVAMANLIS INC. BALANCE SHEETS
Dec. 31, 2014	Jan. 1, 2014	Inc./Dec.
Assets
Cash	$ 47,670	$ 14,030	$33,640	Inc.
Accounts receivable	94,700	89,030	5,670	Inc.
Equipment	42,700	23,030	19,670	Inc.
Less: Accumulated Depreciation-Equipment	18,030	12,030	6,000	Inc.
Total	$167,040	$114,060
Liabilities and Stockholders' Equity
Accounts payable	$ 23,700	$ 16,030	7,670	Inc.
Common stock	102,670	81,030	21,640	Inc.
Retained earnings	40,670	17,000	23,670	Inc.
Total	$167,040	$114,060

Net income of $47,700 was reported, and dividends of $24,030 were paid in 2014. New equipment was purchased and none was sold.

Prepare a statement of cash flows for the year 2014.

Reference no: EM131820921

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Prepare a statement of cash flows for cavamanlis inc

Reference no: EM131820921

Reference no: EM131820921

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