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10. Neighbor Software Corp. has assembled the following data for the years ending December 31, 2021 and 2020. '(Click the icon to view the current
10. Neighbor Software Corp. has assembled the following data for the years ending December 31, 2021 and 2020. '(Click the icon to view the current accounts.) Requirement (Click the icon to view the transaction data.) 1. Prepare Neighbor's statement of cash flows using the indirect method to report operating activities. Include a schedule of noncash investing and financing activities. Start by completing the cash flows from operating activities. Then complete the remaining sections of the statement of cash flows including the schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Neighbor Software Corp. Statement of Cash Flows (Indirect Method) Year Ended December 31, 2021 Cash flows from operating activities: (1) Adjustments to reconcile net income to net cash provided by (used for) operating activities: (2) (3) (4) (5) (6) (7) (8) (9) (10) Net cash provided by (used for) operating activities Cash flows from investing activities: (11) (12) (13) (14) Net cash provided by (used for)investing activities Cash flows from financing activities: (15) (16) (17) (18) Net cash provided by (used for) financing activities Date Oct 26 (17) (18) (19) (20) Journal Entry Debit Credit Accounts Nov 20: Sold 100 shares of the treasury stock for $15 per share. Date Nov 20 (21) (22) (23) Journal Entry Accounts Debit Credit (24) Dec 31: Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2023. (Round your answer to the nearest whole dollar.) Date Dec 31 (25) (26) (27) Journal Entry Accounts Debit Credit (28) Requirement 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $22,000. (Enter the accounts in the proper order for the stockholders' equity section of the balance sheet.) Hamburg Jewelry Company Balance Sheet (partial) December 31, 2022 Stockholders' Equity: $ (29) (31) par shares (30) par shares (32) shares (33) (34) (35) Total paid-in capital (36) (37) shares (38) Total stockholders' equity 1: Data Table 2: More Info Assets Current assets $ 33,300 54,700 Property and equipment, net $ 88,000 Total assets Liabilities and Equity Liabilities Stockholders' equity $0.25 cumulative preferred stock, $10 par, 100 shares issued Common stock, $1 par, 6,400 shares issued Paid-in capital in excess of par-common Retained earnings Total liabilities and equity Feb 13 Issued 5,600 shares of common stock for $8 per share. Jun 7 Declared the regular cash dividend on the preferred stock. Jun 24 Paid the cash dividend. Aug 9 Declared and distributed a 20% stock dividend on the common stock. $ 37,400 1,000 6,400 18,200 25,000 $ 88,000 Oct 26 Market price of the common stock was $10 per share. 20 Reacquired 700 shares of common stock as treasury stock, paying $12 per share. Sold 100 shares of the treasury stock for $15 per share. Dec 31 Declared a cash dividend of $0.30 per share on the outstanding common stock; dividends will be paid in January, 2023. 3: Requirements 1. Journalize Hamburg Jewelry's transactions. Explanations are not required. 2. Report the company's stockholders' equity at December 31, 2022. Net income for 2022 was $22,000
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