| | | Mountain State Sporting Goods, Inc |
| | | Cash Flow Statement Worksheet |
| | | Year Ending 2008 |
| | | Beginning | | | End |
| | Assets | of Year | Increase | Decrease | of Year |
| | Current Assets: |
| | Cash | $ 82,803 | | | $ 63,904 |
| | Inventory | $ 281,147 | | | $ 296,776 |
| | Total CA | $ 363,950 | | | $ 360,680 |
| | Equipment | $ 83,498 | | | $ 123,498 |
| | Accum Dep | $ (66,824) | | | $ (73,358) |
| | Net FA | $ 16,674 | | | $ 50,140 |
| | Other Assets | $ 1,253 | | | $ 1,253 |
| | Total Assets | $ 381,877 | | | $ 412,073 |
| | Liabilities and Equity |
| | Current Liabilities |
| | Payroll taxes payable | $ 49,169 | | | $ 51,789 |
| | Sales tax payable | $ 16,593 | | | $ 18,410 |
| | Total CL | $ 65,762 | | | $ 70,199 |
| | LT debt | $ 44,441 | | | $ 42,579 |
| | Total Liabilities | $ 110,203 | | | $ 112,778 |
| | Equity |
| | Common Stock | $ 1,000 | | | $ 1,000 |
| | Retained earnings | $ 270,674 | | | $ 298,295 |
| | Total Equity | $ 271,674 | | | $ 299,295 |
| | Total Liab and Equity | $ 381,877 | | | $ 412,073 |
| | Statement of Cash Flows |
| | | Year ended 2008 |
| | Cash Flows from Operations: |
| | Net income |
| | Non cash expense- dep |
| | Change in working capital accounts: |
| | Inventory |
| | Payroll taxes payable |
| | Sales tax payable |
| | Cash Flows from operations |
| | Cash Flows from Investing Activities |
| | PPE additions |
| | Cash Flows from Investing Activities |
| | Cash Flows from Financing Activities: |
| | Long term debt |
| | Dividends |
| | Cash Flows from Financing Activities |
| | Change in cash |
| | Cash at beginning of year |
| | Cash at end of year |
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MountainStateCashFlows.xlsx
