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20 min please COUNG Camerpistot August 102 legend diyyaconie servers/Que Serwetood-11112 Use the Dytex Corporation financut sements and suppementary informabon g van Delow to proprio
20 min please
COUNG Camerpistot August 102 legend diyyaconie servers/Que Serwetood-11112 Use the Dytex Corporation financut sements and suppementary informabon g van Delow to proprio a soment of cashions for the year onded December 31, 2014 using the indirect method Additional Information Purchased machinery for $25,000 cash b. Sold the long-term investment on January 1, 2014 for $17,000 c Sola machinery for $13,500 cash that had enginary cost $61,000 ang had $38,000 ci accumulo copraison d. issued $37000 of bonds payable anaco vado The short-term investment is a reasury Dat was purchased with maturity in 10 days Detector Sissement Can Flow setector Cash down from agerar a Netico Musa a recono e rencome to cash proved by operaci 64500 161.000 Dye Carpenaan Comparavelance Sheet into ton December 31 Assets 2014 2013 Cash 314309 120.000 Short-term investments 188.003 Accounts receivable 57,500 65,000 Merchandise inventory 15 500 11 000 Langterm investment 0 27 000 254 000 300,000 Accurred depreciation 184.000) (105,000) Total 746.300 029.000 X Cash Bows TORINESTO Machinery x+ Casnowstom financing acne X + L and Equity Accounts payable Didends swable Bonds payable She capital Relaxed earnings Totallades and equity 36 DCO 17 000 37 DOO 347.000 257 600 745 300 50.000 33000 0 347 000 192.000 629.000 Netincrease (decrease) can Casnal Deginning of year Cann send of year 23 AM 12 w Retained earings Total liabilities and equity 257,500 745,300 193,000 629.000 730,000 Dylex Corporation Income Statement For Year Ended December 31, 2014 Sales Cost Of Goods Soid 590,000 Depreciation expense 27 000 Other expenses. 29.000 Loss on sale of long-term investment Loss on sale of machinery. Net income (646.000) (10.000) (9 500) 64,500Step by Step Solution
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