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a. You only need to complete the 2012 column, leave the 2011 column as is.
b. Base you net income and certain other information needed from the income statement you completed in template 21.
c. Remember that cash outflows are entered as negative numbers.
d. During the year, the company did not dispose of any assets and bought a new delivery truck for $32,500.
e. The company paid $2,000 per month in mortgage principle payments.
f. Selected balance sheet account balances are shown below:
Balance sheet:
6/30/2012
6/30/2011
Taxes Payable
22688
11221
Accounts Receiv.
148777
156234
Wages Payable
10343
9211
Accounts Payable
125900
122010
Prepaid Expenses
2500
Inventory
112400
108090
Cash
???????
14233
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