Problem #1 Based upon the information below complete a Cash Flow Statement for the end of the FP, 12/31/16. Also, determine the cash balance at the…

Problem #1 Based upon the information below complete a Cash Flow Statement for the end of the FP, 12/31/16.  Also, determine the cash balance at the end of the 2016 Fiscal Period.

                           Start of Fiscal Period, 1/1/16   End of F.P., 12/31/16

Cash                            $125,000                                           ?

AR                                   45,000                                     55,000

Merchandise                     75,000                                     35,000

Building                          125,000                                               0

A.P.                                 72,000                                     73,000

Bonds Payable                          0                                1,000,000

Common Stock            1,000,000                                  1,500,000

Cash Dividends                                                                         50,000

Depreciation Exp                                                                 9,000

Revenue amounted to $685,000 with total expenses of $291,000 without depreciation expense.

Problem #2

Based upon the information below complete a Cash Flow Statement for the end of the FP, 12/31/16.  Also, determine the cash balance at the end of the 2016 Fiscal Period.                   Start of Fiscal Period, 1/1/16  End of F.P., 12/31/16

Cash                              $175,000                                   ?

AR                                      35,000                             55,000

Merchandise                        95,000                                35,000

Building                               95,000                            222,000

A.P.                                    42,000                              73,000

Bonds Pay                       1,000,000                              1,000,000

Common Stock               1,000,000                           1,500,000

Cash Dividends                                                               50,000

Depreciation Exp                                                             9,000

Revenue amounted to $933,000 with total expenses of $141,000 without depreciation expense.Problem #3 Complete a Cash Flow Statement based upon the following transactions:

Beginning of the Period Cash amounted to $9,000.

Bought Treasury Stock, $20,000

Bought Land and Building, $200,000

Net Income, $600,000

Paid CS Dividends, $44,000

AR Decreased $12,000

Sold Equipment, $50,000

Merchandise Inventory Decreased, $22,000

Sold Common Stock, $1,000,000

Retired or Redeemed Bonds, $400,000

AP Decreased, $40,000

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