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Prepare the income statement for faber inc for year ended

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Reference no: EM131815124

Question - Faber Inc. reported the following items.

2011

Net cash flows from operating activities

511,614

Net sales

6,145,559

Stockholders' equity

1,846,717

Net cash flows from financing activities

(412,633)

Total assets

4,806,892

Cash, ending year

2,637,480

Expenses

5,557,612

Noncash assets

2,169,412

Net cash flows from investing activities

(177,919)

Net income

587,947

Cash, beginning year

2,716,418

a. Prepare the balance sheet for Faber Inc. for December 31, 2011.

b. Prepare the income statement for Faber Inc. for the year ended December 31, 2011.

c. Prepare the statement of cash flows for Faber Inc. for the year ended December 31, 2011.

Reference no: EM131815124

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