13.Fran's Fancy Flowers had the following business events during the month of April. She began the month with $12,000 in cash that was her only asset. She had no liabilities at that time.
1.Purchased inventory costing $6,000. Paid cash.
2.Sold inventory that had cost $800 for a retail price of $1,000 cash.
3.Paid April's rent on the store of $800.
4.Sold goods costing $1,400 to customers at a price of $1,900 on credit.
5.Bought $100 of supplies (on credit) which were used up during the month.
6.Sold goods to customers for $3,600 cash that had originally cost $2,600.
Prepare a schedule to determine the net cash flow for the period.
14.On which financial statement would you expect to find each of the following reported? Indicate your answer with a check mark in the appropriate column. Some items may require a check mark in more than one column. (For the statement of cash flows, assume the INDIRECT method is used.)
Cash FlowsStatement of
c.Total stockholders' equity
k.Earnings per share