BALANCE SHEET

$ Change from % Change from

12/31/2014 12/31/2015 2014 to 2015 2014 to 2015
ASSETS:
Current Assets:
Cash and cash equivalents $ 400,000 $ 601,000 $ 201,000 50%
Short-term investments $ 900,000 $ 899,000 $ (1,000) 0%
Accounts receivable $ 180,000 $ 230,000 $ 50,000 28%

Assets
Inventory
Total Current Assets
$
$
20,000
1,500,000
$
$
45,000
1,775,000
$
$
25,000
275,000
125%
18%

=
Long Term Assets:
depreciation
Land
$
$
100,000
15,000
$
$
95,000
25,000
$
$
(5,000)
10,000
-5%
67%
Machine $ - $ 50,000 $ 50,000 N/A
Total Long Term Assets $ 115,000 $ 170,000 $ 55,000 48%
Total Assets $ 1,615,000 $ 1,945,000 $ 330,000 20%

LIABILITIES & EQUITY:

Current Liabilities:
Accounts payable $ 30,000 $ 35,000 $ 5,000 17%

Liabilities
Short-term debt
Total Current Liabilities
$
$
100,000
130,000
$
$
90,000
125,000
$
$
(10,000)
(5,000)
-10%
-4%

+Long Term Liabilities:

Long-term debt $ 1,000,000 $ 900,000 $ (100,000) -10%

Equity
Total Liabilities

Equity:
$ 1,130,000 $ 1,025,000 $ (105,000) -9%

Retained Earnings $ 470,000 $ 845,000 $ 375,000 80%

Common Shares $ 15,000 $ 75,000 $ 60,000 400%
Total Equity $ 485,000 $ 920,000 $ 435,000 90%
Total Liabilities and Equity $ 1,615,000 $ 1,945,000 $ 330,000 20%

Does Assets = Liabilities + Equity? Yes the Yes the balance

balance sheet sheet balances.
balances.
Cash Flow Statement Exercise

In the white boxes below are cash flow statement items for 2015

Step 1: Copy and paste all items in the white boxes below into the correct white boxes on the next tab in
columns B and D (the 'Questions' tab).

Step 2: Make sure that the Total Change in Cash Flow must = the 2015 Balance Sheet cash balance (which is $201,000 from

Step 3: In column F, please state what the source of the line item is. Please chose one of the following:

Balance Sheet (Current Assets)

Balance Sheet (Current Liabilities)
Balance Sheet (Equity)
Balance Sheet (Long Term Assets)
Balance Sheet (Long Term Liabilities)
Income Statement

Step 4: Check to see if your answers are correct on the "Answers" tab.

Cash Flow Statement Items (sorted alphabetically 12/31/2016

Depreciation & Amortization $ 5,000
Increase in Accounts Payable $ 15,000
Increase in Accounts Receivable $ (170,000)
Increase in Common Shares $ 10,000
Increase in Inventory $ (647,125)
Increase in Long Term Debt $ 300,000
Increase in Short Term Debt $ 30,750
Land $ -
Machine $ -
Net Income $ 157,875
CASH FLOW STATEMENT

12/31/2016
CASH FLOW FROM OPERATIONS

Total Cash Flow from Operations $ -

CASH FLOW FROM INVESTING

Total Cash Flow from Investing $ -

CASH FLOW FROM FINANCING

Total Cash Flow from Financing $ -

Total Change in Cash Flow $ -

Please Note: the Total Change

in Cash Flow must = the 2016
Balance Sheet cash balance -
the 2015 Balance Sheet cash
balance (which equals -
CASH FLOW STATEMENT
CASH FLOW FROM OPERATIONS
Net Income
Depreciation & Amortization
Increase in Accounts Receivable
Increase in Inventory
Increase in Accounts Payable
Total Cash Flow from Operations
CASH FLOW FROM INVESTING
Land
Machine
Total Cash Flow from Investing
CASH FLOW FROM FINANCING
Increase in Short Term Debt
Increase in Long Term Debt
Increase in Common Shares
Total Cash Flow from Financing
Total Change in Cash Flow
12/31/2016
$ 157,875
$ 5,000
$ (170,000)
$ (647,125)
$ 15,000 Balance Sheet (Current Liabilities)
$ (639,250)
$ - Balance Sheet (Long Term Assets)
$ - Balance Sheet (Long Term Assets)
$ -
$ 30,750 Balance Sheet (Current Liabilities)
$ 300,000 Balance Sheet (Long Term Liabilities)
$ 10,000
$ 340,750
$ (298,500)
Please Note: the Total
Change in Cash Flow must =
the 2016 Balance Sheet cash
balance - the 2015 Balance
Sheet cash balance (which