1-

Sage Beverage Company reported the following items in the most recent year.

Net income		$47,800
Dividends paid		5,570
Increase in accounts receivable		11,170
Increase in accounts payable		7,230
Purchase of equipment (capital expenditure)		8,890
Depreciation expense		4,230
Issue of notes payable		23,790

Compute net cash provided by operating activities, the net change in cash during the year. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

2-

Marin Corporations adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,490, Land $40,900, Patents $22,500, Accounts Receivable $95,030, Prepaid Insurance $6,060, Inventory $36,200, Allowance for Doubtful Accounts $4,680, and Equity Investments (to be sold in the next quarter) $14,560. Prepare the current assets section of the balance sheet. (List Current Assets in order of liquidity.)

3-

Assume that Denis Savard Inc. has the following accounts at the end of the current year.

1.		Common Stock.		14.		Accumulated Depreciation-Buildings.
2.		Discount on Bonds Payable.		15.		Restricted Cash for Plant Expansion.
3.		Treasury Stock (at cost).		16.		Land Held for Future Plant Site.
4.		Notes Payable (short-term).		17.		Allowance for Doubtful Accounts.
5.		Raw Materials.		18.		Retained Earnings.
6.		Preferred Stock Investments (long-term).		19.		Paid-in Capital in Excess of Par-Common Stock.
7.		Unearned Rent Revenue.		20.		Unearned Subscriptions Revenue.
8.		Work in Process.		21.		Receivables-Officers (due in one year).
9.		Copyrights.		22.		Inventory (finished goods).
10.		Buildings.		23.		Accounts Receivable.
11.		Notes Receivable (short-term).		24.		Bonds Payable (due in 4 years).
12.		Cash.		25.		Noncontrolling Interest.
13.		Salaries and Wages Payable.

Prepare a classified balance sheet in good form. (List Current Assets in order of liquidity. For Land, Treasury Stock, Notes Payable, Preferred Stock Investments, Notes Receivable, Receivables-Officers, Inventory, Bonds Payable, and Restricted Cash, enter the account name only and do not provide the descriptive information provided in the question.)