Rose Apothecary Ltd. Balance Sheets Dec31 20x2 Dec 31 20x1 Cash $ 122,400...
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Rose Apothecary Ltd.
Balance Sheets
Dec31 20x2 Dec 31 20x1 Cash $ 122,400 $ 64,800 Accounts receivable 165,600 70,200 Inventory 214,200 156,600 Long-term investment 0 32,400 Land 144,000 144,000 Buildings and equipment 833,400 855,000 $ 1,479,600 $ 1,323,000 Accounts payable $ 39,600 $ 72,000 Bonds payable 45,000 0 Preferred shares 153,000 153,000 Common shares Retained Earnings 761,400 480,600 761,400 336,600 $ 1,479,600 $ 1,323,000 Rose Apothecary Ltd. Income Statement for the year ended Dec. 31, 20x2 Sales $ 1,620,000 Cost of goods sold 1,080,000 Gross profit 540,000 Operating expenses 282,600 Depreciation expense 77,400 Loss on sale of equipment 7,200 Gain on sale of long-term investment (21,600) Net Income 194,400 Additional information: sold equipment that had originally cost $57,600 and had $37,800 of accumulated depreciation.
Prepare the following sections of the statement of cash flow for the year ended December 31, 20x2: a) Cash flow from operations. b) Cash flow from investing
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