Based on the Information Provided Below, Complete the Following Worksheet

question 74

Essay

Based on the information provided below, complete the following worksheet to be used to prepare the statement of cash flows for the Gulp-it-Down Coffee Co.
$\begin{array}{c}\text {Gulp-it-Down Coffee Co.}\\\text {Worksheet for a Statement of Cash Flows}\\\text {For the Year Ended December 31,20}\\\begin{array}{|l|c|c|c|c|}\hline \text { Balance sheet effects: } & \text { Beginning } & \text { Debit } & \text { Credit } & \text { Ending } \\\hline \text { Assets } & \text { Balance } & \text { Changes } & \text { Changes } & \text { Balance } \\\hline \text { Cash and cash equivalents } & 160,000 & & \text { (x) } & 140,000 \\\hline \text { Accounts receivable } & 380,000 & \text { (4) } & & 400,000 \\\hline \text { Inventory } & 420,000 & \text { (5) } & & 480,000 \\\hline \begin{array}{l}\text { Plant \& equipment (net of accumulated } \\\text { depreciation }\end{array} & 820,000 & \text { (8) } & \text { (3) } & 860,000 \\\hline \text { Totals } & 1,780,000 & & & 1,880,000 \\\hline\\\hline \text { Liabilities \& Owner's Equity } & & & & \\\hline \text { Accounts payable } & 260,000 & (6) & & 240,000 \\\hline \text { Accrued expenses payable } & 100,000 & & (7) & 120,000 \\\hline \text { Notes payable } & 720,000 & & (9) & 780,000 \\\hline \text { Capital stock } & 420,000 & & & 420,000 \\\hline \text { Retained earnings } & \underline{280,000} & (2) & (1) & \underline{320,000} \\\hline \text { Totals } & \underline{\underline{1.780,000}} & \underline{260,000} & \underline{260,000} & \underline{\underline{1.880,000}} \\\hline\end{array}\end{array}$
Additional Information:
(1.) Net income for the year amounted to $60,000, and cash dividends were declared and paid in the amount of $20,000.
(2.) Gulp-it-Down Coffee Co.'s only noncash expense was depreciation which totaled $100,000.
(3.) The company purchased plant assets for $140,000.
(4.) Notes payable in the amount of $60,000 were issued during the year.
$\begin{array}{|l|l|l|}\hline \text { Cash effects: } & & \\\hline \text { Operating activities: } & \\\hline \text { Net income } & (1)& \\ \hline \text { Depreciation expense } & (3) & \\\hline \text { Increase in accounts receivable } & &(4) \\\hline \text { Increase in inventory } & & (5) \\\hline \text { Decrease in accounts payable } & & (6)\\\hline \text { Increase in accrued expenses payable } & (7) & \\\hline\\\hline \text { Investing activities: } & \\\hline \text { Cash paid to acquire plant assets } && \text { (8) } \\\hline\\\hline \text { Financing activities: } & & \\\hline \text { Dividends paid } & &(2) \\\hline \begin{array}{l}\text { Proceeds from issuance of notes } \\\text { payable }\end{array} & (9) & \\\hline \text { Subtotals } &240,000 &260,000 \\\hline\\\hline \text { Net decrease in cash and cash equivalents } & (\mathrm{x}) & \\\hline \text { Totals } & 260,000 & 260,000 \\\hline\end{array}$

Recognize the significance of body dissatisfaction, perfectionism, and the internalization of the thin ideal in the development of disordered eating.

Describe the relationship between certain neurotransmitter deficiencies and feeding and eating disorders.

Understand the diverse subtypes of binge-eating disorders and their unique characteristics.

Grasp the psychological profile of individuals likely to develop anorexia nervosa including family dynamics.

---

Definitions:

Value

The worth of an asset or service, determined by factors such as market demand, utility, and costs of production.

Black-Scholes

A mathematical model used to price European style options, estimating the variation over time of financial instruments.

European Options

Derivative securities that can only be exercised at the expiration date, not before, contrasting with American options which can be exercised at any point before expiration.

Pricing Model

A theoretical construct that uses mathematical formulas to estimate the appropriate price of a security or asset.