A cash flow statement and partial balance sheet for Woods Company and supplemental information follow. The omitted items are numbered from (1) through (16) and can be calculated from the other information given.

Woods Company neglected to amortize $2,000 of intangibles in 2007. The correction of this material error was appropriately made in 2008. The book value and selling price of the equipment sold was two-thirds of the cost of the equipment.

Required:
Number your answer sheet from (1) through (16). Place the correct balance for each balance sheet item next to the corresponding number on your answer sheet. Question mark (?)
amounts may be needed to calculate the numbered balances. Do not restate the January 1 balance sheet for the error. Working capital was $16,500 at January 1, 2008.

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2008 Statement of Cash Flows Operations Net loss for 2008 Adjustments: Bond premium amortization Deferred income taxes Depreciation expense Amortization of intangibles Increase in (noncash) working capital Total from operations $ (2,885) (500) (200) 3,000 2,000 (700) 715 Proceeds from equipment sold 10,000 Proceeds from reissue of treasury stock 11,400 Par value of common stock issued to reacquire preferred stock 7,500 Purchase of land (14,715) Payment on long-term bond debt (7,200) Par value of preferred stock reacquired by issuing common stock Increase in cash (7,500) $ 200 Supplemental Information-Selected 2008 Income Statement Items Bond interest expense (net of amortization) Loss before tax adjustment Less: Income tax adjustment for refund due Deferred income taxes Net loss after tax adjustment $ 3,500 (3,900) 815 200 $ (2,885)