Copy of RCS+VSC+CatoConsultants - Horizontal + Vertical Models - Chapter 1 &2.Xlsx-Solutions v2

Horizontal Financial Statements Model
Event
BALANCE SHEET
No.
Assets
Cash + A/R
2010
Beg. Bal
0.0
5.0
Prepaid.
Rent
+ Supplies
Land =
= A/P
Sal.
+
Payable Total
Liabil
Common
Assets
ity
Stock
Flows
Ret. Earn.
Net Inc.
Rev.
- Dividends =
Total R.E
Exp.
= Net Inc.
Service - Salary + Supplies + Rent + Other Operating
FA
IA
OA
= Total CF
Total
0.0 =
0.0 +
0.0 -
0.0
0.0 =
0.0
5.0 =
0.0 +
5.0 +
0.0 -
0.0
0.0 =
0.0
5.0 +
84.0
84.0 =
0.0 +
84.0 -
84.0
84.0 -
0.0 =
84.0
0.0
(60.0)
0.0 =
0.0 +
0.0 -
0.0
0.0 =
0.0
60.0 =
60.0
0.0 +
(10.0) -
(10.0)
10.0 =
(10.0)
(10.0) =
(10.0)
0.0 +
(2.0) -
(2.0)
2.0 =
(2.0)
(2.0) =
(2.0)
6.0 +
(6.0) -
(6.0)
6.0 =
(6.0)
0.0
0.0 +
0.0 -
0.0
0.0 =
0.0
0.0
5.0 +
66.0 -
0.0 =
66.0
84.0 -
18.0 =
66.0
5.0 +
0.0 +
48.0 =
53.0
0.0
0.0
0.0 +
0.0
60.0
(10.0)
(10.0) =
(2.0)
(2.0) =
0.0 =
0.0 =
53.0
+ Rev.
Stockholders's Equity
Total
Total
Unearned
Statement of Cash
Income Statement
Liability
24.0
0.0
0.0 +
0.0
77.0 =
0.0
6.0
0.0
0.0
6.0
6.0
Check
10.0
2.0
6.0
16.0
0.0
0.0
2.0
0.0
5.0
77.0
0.0
0.0
Event
BALANCE SHEET
No.
Assets
Cash + A/R
2011
Prepaid.
Rent
+ Supplies
Unearned
+
Land =
= A/P
+ Rev.
Payable Total
Assets
Beg. Bal
53.0
(6.0)
(12.0)
18.0
(0.8)
5
6
105.0
(32.0)
24.0
0.0
0.0 +
0.0
77.0 =
0.0
0.0
(6.0)
12.0
6.0
(6.0)
0.0
Liabil
Common
ity
Stock
Ret. Earn.
Service - Salary + Supplies + Rent + Other Operating
FA
IA
OA
= Total CF
- Dividends =
Total R.E
66.0
0.0 =
0.0
0.0
0.0
0.0
(6.0)
(6.0)
0.0
0.0 -
0.0
0.0
0.0
(12.0)
(12.0)
18.0
0.0 -
0.0 -
0.0
0.0
96.4 -
96.4
(105.0)
0.0
0.0
0.0 -
0.0
= Net Inc.
0.0 -
0.8
18.0
18.0
0.8
0.0 -
5.0 +
96.4
(0.8)
Exp.
(6.0)
6.0 +
Net Inc.
Rev.
96.4
18.0
Flows
Sal.
Total
Statement of Cash
Income Statement
Liability
0.0
Total
0.0
96.4
(32.0) =
0.0 +
(32.0) -
(32.0)
0.0 =
21.0
21.0 +
(21.0) -
(21.0)
(18.2) =
(18.2)
(18.2) +
0.0 -
0.0
0.0 =
0.0
0.0 +
0.0 -
0.0
32.0
0.0
0.0
18.0
0.0
0.0
(0.8)
(0.8)
0.0
96.4
0.0
0.0
105.0
105.0
0.0
32.0 =
(32.0)
(32.0) =
21.0 =
(21.0)
0.0
0.0 =
0.0
(18.2) =
(18.2)
0.0 =
0.0
79.5 +
79.5
21.0
(32.0)
(18.2)
10
(79.5)
11
(21.0)
(21.0) =
0.0 +
0.0 -
21.0
(21.0)
0.0 =
0.0
(21.0) +
(21.0)
0.0 =
0.0 +
0.0 -
21.0
(21.0)
0.0 =
0.0
(21.0) +
(21.0)
21.6 +
5.0 +
43.4 -
53.0 =
43.4
(42.0) +
79.5 +
54.0 =
12
Total
6.5
15.4
12.0
0.0 +
79.5
79.5
Check
113.4 =
3.6
18.0
0.0
42.0 =
67.4
94.0
19.4
96.4 -
32.0
0.0
0.0
21.0
91.5
85.0
Cato Consultants
Income Statements
For the Years Ended December 31
2010
2011
Service Revenue
$
84.0
Operating Expenses
(18.0)
Net Income
$
66.0 $
Cato Consultants
Statement of Changes in Stockholders' Equity
2010
2011
Beginning Common Stock
$
Plus: Common Stock Issued
5.0
Ending Common Stock
$
5.0 $
-
Beginning Retained Earnings

Plus: Net Income
Less: Dividends
Ending Retained Earnings
Total Stockholders' Equity
$
$
66.0
0.0
66.0
71.0
$
$
2012
2012
$
$
Cato Consultants
Balance Sheets
As of December 31
2010
Assets
Cash
Accounts Receivable
Supplies
Prepaid Rent
Land
Total Assets
Liabilities
Accounts Payable/Note Payable
Unearned Revenue
Salaries Payable
Total Liabilities
Stockholders' Equity
Common Stock
Retained Earnings
Total Liabilities and Stockholders' Equity
$
$
$
2011
2012
53.0
24.0
0.0
0.0
0.0
77.0
0.0
6.0
6.0
5.0
66.0
71.0
77.0
$
$
$
$
Canto Consultants
Statement of Cash Flows
For the Years Ended December 31,
2010
Cash Flows from Operating Activities
Cash Receipts from Customers
60.0
2011
2012
Cash Payments for Operating Expenses

Net Cash Flow from Operating Activities
Cash Flows for Investing Activities
Cash Payment to Purchase Land
Cash Flows from Financing Activities
Cash Receipts from Issuing Common Stock
Cash Receipts from Borrowed Funds
Cash Payments to Reduce Debt
Cash Payments for Dividends
Net Cash Flow from Financing Activities
Net Change in Cash
Plus: Beginning Cash Balance
Ending Cash Balance
(12.0)
48.0
0.0
0.0
0.0
0.0
(9.0)
0.0
0.0
0.0
(9.0)
0.0
(9.0)
5.0
5.0
53.0
0.0
53.0

Net Change in Cash
(79,500)
5,000
5,000
#REF!
2,000
(21,000)
(19,000)
#REF!

Ending Cash Balance
#REF!
53,000
#REF!
Cammeron
Diller
42.4
9.9
46.6
12.8
4.2
2.9
9.9%
29.3%

Event
BALANCE SHEET
No.
Assets
Cash + Land
Liability
= Note.Payable
+ Com. Stk
2010
Ret. Earn.
Net Inc.
Income
Statement of Cash
Statement
Flows
Rev.
- Exp. = Net Inc.
FA
IA
OA
= Total CF
Dividends
Beg. Bal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
0.0 +
0.0 =
0.0
0.0 -
0.0 =
0.0
0.0 +
0.0 +
0.0 =
0.0
0.0
0.0
0.0
Check
Event
0.0 +
0.0
0.0
0.0
BALANCE SHEET
No.
Assets
Cash + Land
Liability
= Note.Payable
+ Com. Stk
2011
Ret. Earn.
Net Inc.
Income
Statement of Cash
Statement
Flows
Rev.
- Exp. = Net Inc.
FA
IA
OA
= Total CF
Dividends
Beg. Bal
0.0 =
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
0.0 +
0.0 =
0.0
0.0 -
0.0 =
0.0
0.0 +
0.0 +
0.0 =
0.0
0.0
0.0
0.0
Check
Event
0.0 +
0.0
0.0
0.0
BALANCE SHEET
No.
Assets
Cash + Land
Liability
= Note.Payable
+ Com. Stk
2012
Ret. Earn.
Net Inc.
Income
Statement of Cash
Statement
Flows
Rev.
- Exp. = Net Inc.
FA
IA
OA
= Total CF
Dividends
Beg. Bal
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Total
0.0 +
0.0 =
0.0
0.0 -
0.0 =
0.0
0.0 +
0.0 +
0.0 =
0.0
0.0
0.0
0.0
Check
0.0 +
0.0
0.0
0.0

Event
BALANCE SHEET
No.
Assets
Cash + Land
Liability
= Note.Payable
+ Com. Stk
2010
Ret. Earn.
Net Inc.
Income
Statement of Cash
Statement
Flows
Rev.
- Exp. = Net Inc.
FA
IA
OA
= Total CF
Dividends
Beg. Bal
0.0 -
0.0
0.0
9.0 +
9.0 +
0.0 -
0.0
9.0 +
9.0
5.0 +
5.0 +
0.0 -
0.0
5.0 +
5.0
4.0 +
4.0 -
4.0 -
4.0
4.0 =
4.0
(2.9) +
(2.9) -
2.9 =
(2.9)
(2.9) =
(2.9)
(0.5) +
0.0 -
0.0
(0.5) +
(0.5)
0.0 -
0.0
0.0
0.0 -
0.0
0.0
Total
14.6 +
4.0 -
2.9 =
1.1
13.5 +
0.0 +
1.1 =
14.6
Check
0.0 =
5.0
14.6
0.0
Event
9.0 +
1.1
0.5
0.5
5.0
9.6
BALANCE SHEET
No.
Assets
Cash + Land
Liability
= Note.Payable
+ Com. Stk
2011
Ret. Earn.
Net Inc.
Income
Statement of Cash
Statement
Flows
Rev.
- Exp. = Net Inc.
FA
IA
OA
= Total CF
Dividends
Beg. Bal
14.6 +
0.0 =
5.0 +
9.0 +
1.1 -
0.0
4.5 +
4.5 +
0.0 -
0.0
4.5 +
4.5
(2.0) +
(2.0) +
0.0 -
0.0
(2.0) +
(2.0)
6.7 +
6.7 -
6.7 -
6.7
6.7 =
6.7
(4.3) +
(4.3) -
4.3 =
(4.3)
(4.3) =
(4.3)
(0.7) +
0.0 -
0.0
(0.7) +
(0.7)
0.0 -
0.0
0.0
0.0 -
0.0
Total
18.8 +
0.0 =
6.7 -
4.3 =
2.4
1.8 +
0.0 +
2.4 =
Check
3.0
18.8
0.0
13.5 +
3.5
0.5
0.7
1.2
3.0
Event
Assets
Cash + Land
Liability
= Note.Payable
0.0
4.2 Net Change in 2011
15.8
BALANCE SHEET
No.
0.0
+ Com. Stk
2012
Ret. Earn.
Net Inc.
Income
Statement of Cash
Statement
Flows
Rev.
- Exp. = Net Inc.
FA
IA
OA
= Total CF
Dividends
Beg. Bal
18.8 +
0.0 =
3.0 +
13.5 +
3.5 -
0.0
0.0
2.5 +
2.5 +
0.0 -
0.0
2.5 +
2.5
1.0 +
1.0 +
0.0 -
0.0
1.0 +
1.0
7.4 +
7.4 -
7.4 -
7.4
7.4 =
7.4
(7.9) +
(7.9) -
7.9 =
(7.9)
(7.9) =
(7.9)
(0.3) +
0.0 -
0.0
(0.3) +
(0.3)
(9.0) +
9.0 =
0.0 -
0.0
(9.0) +
(9.0)
0.0 -
0.0
Total
12.5 +
9.0 =
7.4 -
7.9 =
(0.5)
3.2 +
(9.0) +
(0.5) =
Check
21.5
0.0
4.0
4.0
16.0 +
3.0
1.2
0.3
1.5
17.5
0.0
(6.3) Net Change in 2012
Video Service Company

Balance Sheets
As of December 31
2010
Assets
Cash
Accounts Receivable
14.6
0.0
Supplies
Prepaid Rent
Land
Total Assets
0.0
0.0
0.0
14.6
Liabilities
Accounts Payable/Note Payable
Unearned Revenue
Salaries Payable
Total Liabilities
Stockholders' Equity
Common Stock
Retained Earnings
Total Liabilities and Stockholders' Equity
2011
2012
18.8
12.5
0.0
18.8
9.0
21.5
5.0
0.0
0.0
5.0
3.0
4.0
3.0
4.0
9.0
0.6
9.6
14.6
13.5
2.3
15.8
18.8
16.0
1.5
17.5
21.5

Income Statements
2010
2011
2012
Service Revenue
$
4.0 $
6.7 $
7.4
Operating Expenses
(2.9)
(4.3)
(7.9)
Net Income
$
1.1 $
2.4 $
(0.5)
Beginning Common Stock
Plus: Common Stock Issued
Ending Common Stock
Beginning Retained Earnings

Plus: Net Income
Less: Dividends
Ending Retained Earnings
$
$
9.0
9.0
$
$
$
1.1
(0.5)
0.6 $
9.6 $
9.0
4.5
13.5
$
$
0.6 $
2.4
(0.7)
2.3 $
15.8 $
13.5
2.5
16.0
2.3
(0.5)
(0.3)
1.5
17.5

Statement of Cash Flows
For the Years Ended December 31,
2010
Cash Flows from Operating Activities
Cash Receipts from Customers
4.0
Cash Payments for Operating Expenses
(2.9)
Net Cash Flow from Operating Activities
Cash Receipts from Borrowed Funds
Cash Payments to Reduce Debt
Net Change in Cash
Ending Cash Balance
2011
2012
6.7
(4.3)
7.4
(7.9)
1.1
2.4
(0.5)
0.0
0.0
(9.0)
9.0
5.0
4.5
0.0
(2.0)
(0.7)
1.8
4.2
14.6
18.8
2.5
1.0
0.0
(0.3)
3.2
(6.3)
18.8
12.5
(0.5)
13.5
14.6
0.0
14.6

Net Change in Cash
Ending Cash Balance
(79,500)
5,000
5,000
#REF!
2,000
(21,000)
(19,000)
#REF!
#REF!
53,000
#REF!
Cammeron
Diller
42.4
9.9
46.6
12.8
4.2
2.9
9.9%
29.3%

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Horizontal Financial Statements Model

Service - Salary + Supplies + Rent + Other Operating

Service - Salary + Supplies + Rent + Other Operating

Beginning Retained Earnings

Cash Payments for Operating Expenses

Cash Flows for Investing Activities

Plus: Beginning Cash Balance

Horizontal Financial Statements Model

- Exp. = Net Inc.

- Exp. = Net Inc.

- Exp. = Net Inc.

Horizontal Financial Statements Model

- Exp. = Net Inc.

- Exp. = Net Inc.

4.2 Net Change in 2011

- Exp. = Net Inc.

(6.3) Net Change in 2012

Video Service Company

Video Service Company

Beginning Retained Earnings

Video Service Company

Cash Flows for Investing Activities

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