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Prepare a sources and uses statement for Whistler Corp. for fiscal year 2014. b. Prepare a

Prepare a sources and uses statement for Whistler Corp. for fiscal year 2014. b. Prepare a

Prepare a sources and uses statement for Whistler Corp. for fiscal year 2014.
b. Prepare a cash flow statement for Whistler Corp. for fiscal year 2014.
         
    Whistler Corporation Financial Statements    
         
  Balance Sheet: 2013 2014  
  Current Assets      
  Cash $47,500 $76,700  
  Accounts Receivable $0 $43,100  
  Inventories $49,000 $36,500  
  Total current assets $96,500 $156,300  
  Noncurrent Assets      
  Land $15,800 $15,800  
  Buildings $103,600 $164,600  
  Equipment $63,200 $65,500  
  Patent $5,200 $5,200  
  Accumulated depreciation -$10,800 -$12,200  
  Total noncurrent assets $177,000 $238,900  
  Total Assets $273,500 $395,200  
         
  Current Liabilities      
  Accounts payable to suppliers $48,000 $25,900  
  Income taxes payable $0 $10,700  
  Total current liabilities $48,000 $36,600  
  Noncurrent Liabilities      
  Long term debt $100,100 $134,000  
  Total liabilities $148,100 $170,600  
  ShareholdersAc€?c Equity      
  Common Stock $125,400 $177,400  
  Retained Earnings $0 $47,200  
  Total shareholdersAc€?c equity $125,400 $224,600  
  Total Liabilities and Shareholders Equity $273,500 $395,200  
         
         
  Income statement: 2014    
  Sales $165,300    
  Cost of goods sold -46,200    
  Depreciation expenses -1,400    
  Net interest expenses -2,000    
  Other expenses -5,600    
  Income before taxes 110,100    
  Provision for income taxes -40,900    
  Net income $69,200    
  Dividends paid 22,000    
  Additions to retained earnings $47,200
Abhinav 03-Dec-2019

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