1-Determine the missing amounts for each independent case below. Assume the amounts given are at the end of the company’s first year of operation. Company total total total total Netincome Stockholder’s Name Revenue Assets Expensses Liabilites ( Loss ) Equity Randolph $600 000 $450 000 $350 000 $130.000 Newman $105 000 $80 000 $10 000 $75 000 Wiseman $190 000 $70 000 $30 000 $100 000 Martin $180 000 $ 215 000 $115 000 $75 000 van tassel $55 000 $75 000 $19 000 $79 000 Solution : 2- Gail’s Greenhouse Inc. a small retail store which sells house plants started business on January 1 2010. At the end of January 2010 the following information was available: Requirements: A. Using the above information prepare the income statement for Gail’s Greenhouse for the month ended January 31 2010. B. What is the amount of cash flows provided by operating activities to be presented on the statement of cash flows? .0/msohtmlclip1/01/clip_image002.jpg”> Solution:
