(Solution) - Cheese Factory Incorporated reported the following information for the fiscal -(2025 Original AI-Free Solution)

Paper Details

Cheese Factory Incorporated reported the following information for the fiscal year ended
December 31, 2012.

Other cash flow information:
Additional investments by stockholders..................................... $ 34,000
Cash paid to purchase equipment............................................... 40,000
Cash paid to suppliers and employees...................................... 1,490,000
Repayments of borrowings..................................................... 155,000
Cash received from customers................................................1,661,000
Cash received from borrowings................................................... 5,000
Dividends paid in cash............................................................ 10,000
Required:
Prepare the four basic financial statements for the fiscal year ended December 31, 2012.