Balance sheet and statement of cash flows

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eWare Corp started operations Jan 1, 2009. Using the information from December 31, 2009 prepare income statement, retained earnings statement, balance sheet and statement of cash flows:

Accounts Payable $31,500

Accounts receivable 50,400

Capital stock 262,500

Cash ?

Cash payments for operating activities 735,000

Cash receipts from operating activities 878,850

Cost of sales 420,000

Dividends 26,250

Income tax expense 147,000

Income taxes payable 21,000

Interest expense 15,750

Inventories 94,500Note payable (due 2015) 105,000

Property, plant and equipment 396,900

Retained earnings ?

Sales 929,250

Selling and administrative expense 110,250

Reference no: EM13155154

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