In: Accounting
A comparative balance sheet for Harrison Co. appear below:
Assets | 12/31/2019 | 12/31/2018 |
Cash | $34,000 | $11,000 |
Accounts receivable | 18,000 | 13,000 |
Inventory | 25,000 | 17,000 |
Prepaid expenses | 6,000 | 9,000 |
Long-term investments | -0- | 17,000 |
Equipment | 60,000 | 33,000 |
Accumulated depreciation-equipment | (20,000) | (15,000) |
Total assets | $123,000 | $85,000 |
Liabilities and Stockholders' Equity | ||
Accounts payable | $17,000 | $7,000 |
Bonds payable | 36,000 | 45,000 |
Common stock | 40,000 | 23,000 |
Retained earnings | 30,000 | 10,000 |
Total liabilities and equity | $123,000 | $85,000 |
Additional information:
Please prepare (in good form) the cash flow statement.