Prepare an income statement for rasputin corporation

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Cash Flow for Rasputin Corporation.

Based on the following information for Rasputin Corporation, prepare an income statement for 2008 and balance sheets for 2007 and 2008. Next calculate cash flow from assets for Rasputin cash flow to creditors, and cash flow to stockholders for 2008. Use a 34 percent tax rate throughout.

 

2007

2008

Sales

($) 3,790

($) 3,990

Cost of goods sold

2,043

2,137

Depreciation

975

1,018

Interest

225

267

Dividends

200

225

Current assets

2,140

2,346

Net fixed assets

6,770

7,087

Current liabilities

9,94

1,126

Long term debts

2,869

2,956

Reference no: EM13852599

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