In: Accounting
Using the following information prepare a cash flow statement.
Hamilton Beach Company | |||
Comparative Balance Sheets | |||
December 31, 2018 and 2019 | |||
Assets | 2018 | 2019 | Difference |
Cash | 15,000 | 47,000 | 32,000 |
Accounts Receivable | 55,000 | 47,000 | (8,000) |
Inventory | 110,000 | 144,000 | 34,000 |
Prepaid Expenses | 5,000 | 1,000 | (4,000) |
Long Term Investments | 127,000 | 115,000 | (12,000) |
Land | 55,000 | 55,000 | - |
Building & Equipment | 450,000 | 660,000 | 210,000 |
Accumulated Depr-Building & Equipt | (68,000) | (103,000) | (35,000) |
Total Assets | 749,000 | 966,000 | 217,000 |
Liabilities & Stockholder's Equity | |||
Accounts Payable | 43,000 | 50,000 | 7,000 |
Income Tax Payable | 5,000 | 3,000 | (2,000) |
Accrued Liabilities | 9,000 | 12,000 | 3,000 |
Bonds Payable | 245,000 | 295,000 | 50,000 |
Common Stock $5 par value | 200,000 | 276,000 | 76,000 |
Additional paid in capital | 115,000 | 214,000 | 99,000 |
Retained Earnings | 132,000 | 141,000 | 9,000 |
Treasury Stock | - | (25,000) | (25,000) |
Total Liabilities & Stockholders Equity | 749,000 | 966,000 | 217,000 |
Additional Information: | |||
1. Net Income $16,000 | |||
2. Building & Equipment Depreciation $37,000 | |||
3. Sold Investments for $102,000 on which there was a gain of $12,000 | |||
4. Sold for $5,000 equipment that cost $10,000 and
had accumulated depreciation of $2,000 |
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5. Issued 15,200 shares of $5 par value common stock for $175,000 | |||
6. Issued $100,000 of long term bonds in a noncash transaction for buildings | |||
7. Repaid a bond in the amount of $50,000 | |||
8. Equipment and building purchased for $120,000 | |||
9. Paid dividends of $7,000 | |||
10. Purchased investments $78,000 | |||
11. Purchased treasury stock in the amount of $25,000 |