Can you explain how to get the beginning cash balance and the ending cash balance. Also how to (b) Compute these cash-basis ratios: . Here is a comparative balance sheet for Padgett Company: PADGETT COMPANY Comparative Balance Sheet December 31 Assets 2012 2011 Cash $81,030 $24,420 Accounts receivable 94,350 84,360 Inventories 188,700 209,790 Land 83,250 111,000 Equipment 288,600 222,000 Accumulated Depreciation (73,260) (35,520) Total $662,670 $616,050 Liabilities and Stockholders' equity Accounts payable $43,290 $52,170 Bonds payable 166,500 222,000 Common stock ($1 par) 239,760 193,140 Retained earnings 213,120 148,740 Total $662,670 $616,050 Additional information: 1. Net income for 2012 was $114,330. 2. Cash dividends of $49,950 were declared and paid. 3. Bonds payable amounting to $55,500 were redeemed for cash $55,500. 4. Common stock was issued for $46,620 cash. 5. No equipment was sold during 2012.
(a) Complete the statement of cash flows for 2012 using the indirect method. (If the amount reduces cash flow put either a negative sign preceding the number, e.g. -45 or parenthesis, e.g. (45). List amounts from largest positive to smallest positive followed by most negative to least negative, e.g. 15, 14, 10, -17, -5, -1.) Operating Activities 103,000 Net Income + 34,000 Depreciation (66,000 - 32,000) - 9,000 increase in A/R + 19,000 decrease in inventory - 8,000 decrease in A/P = $139,000 cash flow from operating activities Investing Activities +27,750 sale of land -66,600 equipment purchase = - $38,850 cash flow from investing activities Financing Activities - 38,850 dividends - 55,500 redemption of bonds + 46,620 stock issue = - 29,970 cash flow from financing activities ? beginning cash balance = ? ending cash balance