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10.- OXOS Problem 19 220 Chapter 4 The operations of Rosa's Cafe, a small food service operation, are becoming more complex. Current Liabilities: noifsmoli lan
10.- OXOS Problem 19 220 Chapter 4 The operations of Rosa's Cafe, a small food service operation, are becoming more complex. Current Liabilities: noifsmoli lan $ 18,000 Rosa Soliz, the owner, has asked for your help in preparing her statement of cash flows. Accounts Payable $ 19,000 She is able to present you with condensed balance sheets and some additional information. Dividends Payable 20,000 20,000 Note Payable (current) 20,000 ub bing ebr 20,000 Rosa's Cafe Noncurrent Liabilities: blog esw idw nov 29 Condensed Balance Sheets Note Payable 160,000 160,000 Common Stock 100,000 December 31, 20X1 and 20X2 100,000 Retained Earnings 16,000 Total Liabilities & Owners' Equity $334,000 SX 15,000 20X1 20X2 $334,000 Cash $ 15,000 $ 15,000 Additional information about activities in 20X2: Juntooni Jort) engitszogo to least aft Marketable Securities 5,000 5,000 Accounts Receivable 14,000 15,000 1. Investments costing $15,000 were sold for $10,000.dai nomo enLA Inventory 20,000 19,000 2. Dividends declared during 20X2 totaled $30,000. o Inuoran Inswing of Investments (noncurrent) 10,000 10,000 3. The cafe's van, which cost $25,000, was sold at a gain of $5,000. Its net book value on the date of sale was $10,000. Equipment 320,000 320,000 4. Marketable securities that cost $5,000 were sold for $10,000. Accumulated Depreciation (50,000) (50,000) Total Assets 334,000 334,000 5. Common stock of $20,000 was exchanged for equipment in a noncash transaction. 6. Assume current liabilities are paid on a timely basis. Required: tai egruso ard bib bagmi fad?! Prepare the statement of cash flows for 20X2. 15X0S zol smoout fan ondi esw jaw
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