Chapter 1, Problem 1.9E

Tiger Trade has the following cash transactions for the period.

Accounts	Amounts
Cash received from sale of products to customers	$ 40,000
Cash received from the bank for long-term loan	45,000
Cash paid to purchase factory equipment	(50,000)
Cash paid to merchandise suppliers	(12,000)
Cash received from the sale of an unused warehouse	13,000
Cash paid to workers	(24,000)
Cash paid for advertisement	(4,000)
Cash received for sale of services to customers	30,000
Cash paid for dividends to stockholders	(6,000)

Required:

  1.    Calculate the ending balance of cash, assuming the balance of cash at the beginning of the period is $5,000.

  2.    Prepare a statement of cash flows.