(Solved): Natalie has prepared the balance sheet and income statement of Cookie Natalie has prepared the balan ...

Natalie has prepared the balance sheet and income statement of Cookie Natalie has prepared the balance sheet and income statement of Cookie Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. for the first year of operations, but does not understand how to prepare the cash flow statement. The income statement and balance sheet appear below. Recall that the company started operations on November 1, 2028, and had beginning balances in Accounts Receivable, Inventory and Equipment (other) related to the noncash assets contributed in exchange for common stock when the company was formed. Additional information: The company bought kitchen equipment (a commercial oven) for

on November 1,2028 , and signed a

note payable to help pay for it. The terms provide for semiannual foxed principal payments of

on May 1 and November 1 of each year, plus interest of

. All other furniture, foture, and equipment were purchased during the year for cash. The company originally issued 25,930 common shares for

, of which 750 shares were repurchased from the lawyer for

. COOKIE & COFFEE CREATIONS INC. Income Statement Year Ended October 31, 2029 Sales revenue

\table[[Cost of goods sold,,231,250],[Gross profit,,231,250],[Operating expenses],[Salaries and wages expense,$92,500,],[Depreciation expense,3,900,],[Other operating expenses,35,987,132,387],[Income from operations,,98,863],[Other expenses],[Interest expense,,413],[Income before income tax,,98,450],[Income tax expense,,19,690],[Net income,,$78,760]] \table[[Cash,,$86,219,],[Accounts receivable,,3,250,],[Inventory,,17,897,],[Prepaid expenses,,6.300,$113,686],[Property. plant, and equipment,,,],[Funniture and fotures,$12,500,,],[Accumulated depreciation-Furniture and fixtures,(12.250),11.250,],[Computer equipment,4,200,,],[Accumulated depreciation-Computer equipment,(500),3.600,],[Kitchen equipment,29,000,,],[Accumulated depreciation Kitchen equipment,0.050,20.950,41,800],[Total assets,,,$155.466]] Accounts pryste 35.848 Income taxpayable 19.690 Dividends payable 700 Satarles and wages payable 2,250 Interest payable 188 Note puyble current portion 4.000

Long-term liabilities Notepuyble Gors tem portion 6.000 Total fixabilies 94.076 Todtollers equily Paid-incapital Preferied stote, 2,800 sharesiound and outstandine

24645 39.925 \table[[Retained earnings,77,360,],[Total paid-in capital and retained earnings,117,290,],[Less: Treasury stock ( 750 common shares),500,],[Total stockholders' equity,,116.790],[Total liabilities and stockholders' equity,,$155,466]] The company declared a semiannual dividend to the preferred stockholders on April 30, and the dividend was paid on June 1 . The second semiannual dividend was declared to the preferred stockholders on October 31, and the dividend is to be paid on December 1,2029. Prepaid expenses relate only to operating expenses. Prepare a statement of cash flows for Cookie & Coffee Creations Inc. for the year ended October 31, 2029, using the DIRECT METHOD. (Show amounts that decrease cash flow with either a minus sign e.g. -15,000 or in parenthesis e.g (15,000). Do not leave any answer field blank. Enter 0 for amounts. Thank you gor your help. Im stuck on cash payments to suppliers, cash payments for salary and wages. Cash payments for operating expenses, cash payments for interest. Please help!