【正文】 d e d A p r il 3 0 , 2 0 0 1Ca sh f lo w s fr o m o p e r a ti n g a ct i vitie s:Co ll e ct i o n s f r o m c u st o m e r s $ 6 ,5 0 0P a y m e n ts t o s u p p li e r s a n d e m p l o ye e s ( 3 ,1 0 0 ) Ne t ca sh i n f l o w f r o m o p e r a t i n g a ct i v i t i e s 3 ,4 0 0Ca sh f lo w s fr o m i n ve st i n g a ct i v i t i e s:A cq u i s i t i o n o f l a n d $ ( 4 0 ,0 0 0 )S a l e o f la n d 2 2 ,0 0 0 Ne t ca sh o u tf l o w f r o m i n ve st i n g a ct i v i t i e s ( 1 8 ,0 0 0 )Ca sh f lo w s fr o m f i n a n ci n g a ct i v i t i e s:Is su a n ce ( s a le ) o f s to ck $ 5 0 ,0 0 0P a y m e n t o f d i v i d e n d s ( 2 ,1 0 0 ) Ne t ca sh i n f l o w f r o m f i n a n c i n g a ct i v i t i e s 4 7 ,9 0 0Ne t i n c r e a se in c a sh $ 3 3 ,3 0 0Ca sh b a l a n ce , Ap r i l 1 , 2 0 0 1 0Ca s h b a la n c e , A p r il 3 0 , 2 0 0 1 $ 3 3 ,3 0 0A I R amp。 S EA T R AVEL , I NC.Inc om e S tat em en tM on th En de d A pril 30 , 2 00 1Rev en ue :Se rvic e re ve nu e $8 ,50 0Ex pe ns es :Sa lary ex pe ns e $1 ,20 0Ren t e xp en se 1 ,10 0Util itie s 40 0 To tal ex pe ns es 2 ,70 0 Net In co me $5 ,80 0 INCOME STATEMENT ? Revenues are – Increases in retained earnings from delivering goods or services to customers or clients ? Expenses are – Decreases in retained earnings that result from operations INCOME STATEMENT ? Expenses include – Cost of goods sold (cost of sales) ? The cost of the goods that a pany sold to its customers – Operating expenses ? The costs of operating the business INCOME STATEMENT ? Operating expenses – Advertising ? The cost to promote the pany’s products – Depreciation ? The expense of using panyowned buildings, equipment, and furniture – Other operating expenses ? The costs of salaries, utilities, rent, and supplies – Interest expense ? The cost of borrowed money INCOME STATEMENT STATEMENT OF RETAINED EARNINGS ? The statement of retained earnings reports that portion of ine the pany has retained, or kept for use in the business – Net ine increases retained earnings – Dividends paid to stockholders decrease retained earnings STATEMENT OF RETAINED EARNINGS A I R amp。 S E A T RA V E L , I N C.Ba la n c e Sh e e tA p r il 3 0 , 2 0 0 1A sse ts L i a b il i t i e sCa s h $ 3 3 ,3 0 0 A cco u n ts p a ya b l e $ 1 0 0A cco u n ts r e ce i va b le 2 ,0 0 0O ff i ce s u p p li e s 50 0 S to ckh o ld e rs’ Eq u ityLand 1 8 ,0 0 0 Co m m o n s to ck 5 0 ,0 0 0Re t a in e d e a r n in g s 3 ,7 0 0 T o ta l s to ckh o ld e rs’ e q u i ty 5 3 ,7 0 0_______ T o ta l li a b il i t i e s a n d _______T o ta l a sse ts $ 5 3 ,8 0 0 st o ckh o ld e rs’ e q u ity $ 5 3 ,8 0 0END OF CHAPTER 1