Prepare the statement of cash flows of ebert coffee

Question

Prepare the statement of cash flows of Ebert Coffee Roasters? Corp., for the month ended justAugust 31,2015

Payments of cash:

Acquisition of equipment. . . . . . . . . . .203,500

Cash balance, August 1, 2015. . . . . . . .$0

Dividends. . . . . . . . . . . . . . . . . . . . . .2,900

Cash balance, August 31, 2015. . . . . . .5,800

Retained earnings

Cash receipts:

August 1, 2015. . . . . . . . . . . . . . . . . .0

Issuance (sale) of stock to owners. . . .17,200

Retained earnings

Rent expense. . . . . . . . . . . . . . . . . . . .1,800

August 31, 2015 190,700

Common stock. . . . . . . . . . . . . . . . . . .17,200

Utilities expense. . . . . . . . . . . . . . . . . .5,600

Equipment. . . . . . . . . . . . . . . . . . . . . .203,500

Adjustments to reconcile net income

Office supplies. . . . . . . . . . . . . . . . . . .7,300

to net cash provided by operations. . . .1,400

Accounts payable. . . . . . . . . . . . . . . . .8,700

Salary expense. . . . . . . . . . . . . . . . . . .79,000

Service revenue. . . . . . . . . . . . . . . . . .280,000

Ebert Coffee Roasters Corp. Statement of Retained Earnings For the Month Ended August 31, 2015

Retained earnings, August 1, 2015	0
Add: Net income	193600
Less: Dividends	193600
Retained earnings, August 31, 2015	2900
	190700

Ebert Coffee Roasters Corp. Income Statement For the Month Ended August 31, 2015

Revenue:
Service revenue		$280,000
Expenses:
Salary expense	79000
Utilities expense	5600
Rent expense	1800
Total expenses		86400
Net income		193600

Ebert Coffee Roasters Corp. Balance Sheet August 31, 2015

Assets		Liabilities
Cash	5800	Accounts payable	8700
Office supplies	7300	Stockholders' Equity
Equipment	203500	Common stock	17200
		Retained earnings	190700
		Total stockholders' equity	207900
Total assets	216600	Total liabilities and stockholders'equity	216600