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Presented Below Is a Statement of Cash Flows for Plum

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Presented below is a statement of cash flows for Plum, Inc., for the year ended December 31, 2014. Also shown is a partially completed comparative balance sheet as of December 31, 2014 and 2013. Presented below is a statement of cash flows for Plum, Inc., for the year ended December 31, 2014. Also shown is a partially completed comparative balance sheet as of December 31, 2014 and 2013.     Required: (a.) Complete the December 31, 2014 and 2013 balance sheets. (b.) Prepare a Statement of Changes in Retained Earnings for the year ended December 31, 2014. Presented below is a statement of cash flows for Plum, Inc., for the year ended December 31, 2014. Also shown is a partially completed comparative balance sheet as of December 31, 2014 and 2013.     Required: (a.) Complete the December 31, 2014 and 2013 balance sheets. (b.) Prepare a Statement of Changes in Retained Earnings for the year ended December 31, 2014. Required:
(a.) Complete the December 31, 2014 and 2013 balance sheets.
(b.) Prepare a Statement of Changes in Retained Earnings for the year ended December 31, 2014.


Definitions:

Financial Assets

Assets that derive value from contractual claims, such as stocks, bonds, bank deposits, and other investments.

Interest Rate

The percentage at which interest is paid by a borrower for the use of money they borrow from a lender.

Money Supply

The total amount of money available in an economy at a specific time, including cash, coins, and balances held in bank accounts.

Interest-Bearing Assets

Investments or savings that earn interest over time, such as bonds, savings accounts, or loans.

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