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Prepare the Investing and Financing sections from the Cash flow statement.
Pitts Corporation Balance Sheet Income Statement 2003 2004 2004 ASSETS Cash and equivalents Accounts Receivable Inventory Total Current Assets 190 560 410 1,160 40% 200 600 440 1,240 Total Revenues Cost of Goods Sold Gross Profit 3,000 1,200 1,800 33% 1,000 27% 800 Gross Fixed Assets Accumulated Depreciation Net Fixed Assets 2,200 2,600 (900) (1,200) 1,300 1,400 300 10% 17% 500 TOTAL ASSETS 2,460 2.640 Operating Expenses EBITDA Depreciation EBIT (Operating Income) Interest Expense EBT (Pre-tax Income) Taxes Net Income Dividends Change in Retained Earnings 3% 13% 100 400 40% LIABILITIES AND EQUITY Accounts Payable Notes Payable Accrued Taxes and Expenses Total Current Liabilities 285 200 140 625 300 250 150 700 160 240 160 80 Long-term Debt 865 890 500 0.48 Shares Outstanding EPS Dividends per Share 200 200 570 970 Common Stock Additional Paid-in-Capital Retained Earnings Total Shareholder's Equity TOTAL LIABILITIES AND EQUITY 0.32 200 200 650 1,050 2.460 2,640
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