12/31/2018 70,000 The Lotus Pier Construction Corporation Consolidated Balance Sheets For the fiscal years ended December 31, 2018 and 2019 12/31/2019 Cash 60,000 Accounts receivable 125,000 Less: Allowance for doubtful accounts (2,500) Inventory 140,000 Prepaid Expense 20,000 Buildings and Equipment 167,500 Less: Accumulated Depreciation (36,000) Land 180,000 Total Assets: 654,000 94,000 (3.000) 90,000 50,000 140,000 (16,000) 80,000 505,000 136,000 34.000 60,000 Accounts Payable Taxes Payable Accrued Expenses Dividend Payable Note Payable Bank Loan 110,000 36,000 80,000 1.000 30,000 60,000 20,000 Common Stock Retained Earnings Total Liabilities and Shareholder's Equity: 318,000 16,000 654,000 248,000 10,000 505,000 Lars Pier Construction Corporation Consolidated States of income for the fuck you anded December 31, 2018 . Salting Gealand Adv Espen Indonga. 25.000 5000 income taxe Complete store in the engine for the rest method 25.000 Lotus Per Construction Corporation Consolidated Statement of income For the fiscal year ended December 31, 2019 Sales 600.000 Cost of Sales 498.000 Gross Margin 102.000 Seling General and Administrative Expense 49.000 including bad debt expense of 5.500 Depreciation Expense Loss on disposal of equipment 5.000 Interest Expense Net Income before Tax 8.400 Income Tax Expense Net Income ateros Additional information 5.000 2.400 Al sales and purchases are made on credit in 2010, a pece of land was acquired for $100.000 paid by issuing to the selecommon stock worth $70,000 and a long termete payable $30,000. The company also sold a piece of used machinery and received cash this piece of machinery has original cost of $100,000 and the ansaction leads to a netows of $5,000. The rest of the long term sel purchases was conducted in cash Make reasonable assumptions Required Compute the following to repeating action of the statement of oth flows using direct method, more resonable topons where proprie Cash received from customers Cash paid to the suppliers 6. Taxpayed 2. Prepare the investing section of the statement of cash flows for sale 2010 is a fonte dostated to this section of the Most of cash flows.pesett