FOR AccountingGenius - Accounting Problem (Part II)

PART II Construct the following Financial Statements for ABC:

(1) Q1 2014 Income Statement

(2) Q1 2014 Statement of Cash Flows (Direct and Indirect Methods), and

(3) 3/31/2014 Balance Sheet.

You will use all of the information provided in the previous parts of this exam.

You must submit your financial statements and any supporting work as a PDF file. I will not work my

way through spread sheet calculations in order to try and follow what you have done. Statements must

be in standard format. You may provide supporting information for partial credit in the form of t-accts,

journal entries and explanations.