Preparing statement of cash flows

Preparing Statement of Cash Flows 

Boscia Corporation’s balance sheet appears below: Comparative Balance Sheet 

Ending Balance 

Beginning Balance 

Assets: 

Cash and cash equivalents ……………………. 

$ 44 

$ 38 

Accounts receivable ……………………………. 

82 

69 

Inventory …………………………………………… 

71 

69 

Plant and equipment ……………………………. 

537 

500 

Accumulated depreciation ……………………. 

( 240) 

( 201) 

Total assets ………………………………………… 

$494 

$475 

Liabilities and stockholders’ equity: 

Accounts payable ……………………………….. 

$ 70 

$ 60 

Wages payable ……………………………………. 

24 

21 

Taxes payable …………………………………….. 

19 

22 

Bonds payable ……………………………………. 

226 

300 

Deferred taxes …………………………………….. 

19 

18 

Common stock ……………………………………. 

22 

20 

Retained earnings ……………………………….. 

114 

34 

Total liabilities and stockholders’ equity .. 

$494 

$475