Authorized Shares Issued Shares Unissued Shares Issued Shares Outstanding Shares Treasury Stock Cash Common Preferred Stock Treasury Stock Market Value Market Value Par Value Market Value Contributed Capital Common Preferred Stock APIC Treasury Stock Retained Earnings Total Stockholder s Equity APIC APIC TS Cash Stock Value TS Sold Purchased TS Sold Purchased Stock Dividends 1 Rate Shares New Shares Issued 2 New Shares Market Value Cash Value of Dividend Preferred Stock Par Value Shares Rate Sales A R Cash Received From Customers Prepaid Exp Prepaid Exp Cash Paid for Prepaid Exp Operating Direct Method Interest Exp Interest Payable Cash Paid for Interest Income Tax Exp In Tax Payable Cash Paid for Income Taxes Insurance Exp Prepaid Ins Cash Paid for Prepaid Insurance COGS Inventory A P Cash Paid to Vendors Accrued Liability Exp Accrued Liability Cash paid for Accrued Liability Salary Exp Sal Pay Cash Paid to Employees Net Income RE Dividends Pay Cash Paid for Dividends Dividend Income Div Receiv Cash from Dividends Received No Depreciation in Direct method Operating Indirect Method Net Income Deprec Amort Exp Losses from sale of LT Asset Gains from sale of LT Asset Current Assets Current Liabilities Net Cash Flows from Op Acts Variable Cost Fixed Cost Merchandising Company Inventoriable Product Costs Beginning Inventory Purchases Freight In Import Duties Cost of Goods Avail for Sale Ending Inventory Cost of Goods Sold Raw Direct Materials WIP Manufacturing Cost Flow B A Purchases E S DM B A DM A DL A M OH E S COGM Finished Goods B A COGM E S COGS Sales COGS GM Op Exp SAG Net Income 1 Sales Budget Unit Sales Sales Price Sales Revenue 2 Production Budget units to produce needed desired End Inv units total units needed units in Beg Inv units to produce 3 Merchandising Budget Inv COGS Purchases COGS Desired End Inv Total Inventory Needed Beginning Inventory Purchases of Inventory Budgeted Income Statement Sales Revenue COGS Gross Profit Operating Exp Operating Income Interest Exp Net Income Cash Budget Beg Cash Balance Cash Collections Cash Available Cash Payments End Cash Balance