Arrange the following financial information into the following: Comparative Balance Sheet for 2010 vs. 2011...

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Accounting

Arrange the following financial information into the following:

Comparative Balance Sheet for 2010 vs. 2011

Comparative Income Statements for 2010 vs. 2011

Construct the 2011 Statement of Cash Flows using items 1 and 2

2010 BALANCE

2011 BALANCE

Selling and Adminstrative Expenses

650,000

600,000

Interest Expense

54,000

52,000

Accounts Receivable (net)

350,000

425,000

Taxes

91,000

58,000

Notes Payable

200,000

175,000

Capital paid in excess of par

500,000

500,000

Cost of Goods Sold

2,300,000

2,250,000

Cash

120,000

95,000

Common Stock, $1 par value

250,000

250,000

Sales

3,600,000

3,300,000

Plant and Equipment

2,500,000

2,800,000

Accumulated Depreciation

850,000

950,000

Depreciation Expense

90,000

100,000

Retained Earnings

665,000

905,000

Bonds Payable, 2016

700,000

700,000

Accounts Payable

375,000

475,000

Operating Income

560,000

350,000

Accrued Expenses

80,000

60,000

Investments

150,000

100,000

Inventory

450,000

550,000

Prepaid Expenses

50,000

45,000

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