Use the comparative balance sheet and the additional information provided to prepare a cash flow...
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Use the comparative balance sheet and the additional information provided to prepare a cash flow statement for Yannik Inc for the year ended 12/31/2020. 2020 2019 Assets Cash Accounts receivable (net) Inventory Equipment Accumulated depreciation TOTAL 600,000 400,000 700,000 1,000,000 (400,000) 2,300,000 500,000 500,000 500,000 600,000 (300,000) 1,800,000 Liabilities and Stockholders Equity Accounts payable Notes payable - Long-term Common stock Retained earnings TOTAL 400,000 600,000 800,000 500,000 2,300,000 300,000 400,000 700,000 400,000 1,800,000 Notes 1. 2. Net income was $150,000. Dividends of 50,000 have been declared and paid. Increases or decreases in Equipment, Common Stock or Notes Payable refers to relevant purchases, issuances sales or retirements. 3
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