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5 REQUIRED: Using the information on the attached worksheets, complete the statement of cash fiows for Marconi Company for the year ended 6 December 31,

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5 REQUIRED: Using the information on the attached worksheets, complete the statement of cash fiows for Marconi Company for the year ended 6 December 31, 2019 7 8 9 10 11 Balance Sheet December 31 2019 2018 Change 44,000 30,000 43,000 39,000 113,000 85,000 10,000 20,000 96,000 81,000 (25,000) (16,000) 281,000 239,000 Assets Cash Accounts receivable Inventory Land Equipment 2 Accumulated Depreciation 3 Total Assets 4 5 Liabilities & Shareholders' Equity 6 Accounts Payable 7 Common Shares 8 Retained Earnings 19 Total Liabilities & Equity 20 21 Marconi Company 22 Income Statement 23 Year Ended December 31, 2014 24 25 Revenue & Gains 26 Sales 27 Gain on Sale of Land 28 29 Expenses 30 Cost of Goods Sold 31 Operating Expenses 32 Depreciation Expense 33 34 Net income 35 36 37 20,000 41,000 135,000 100,000 126,000 98,000 281,000 239,000 + 342,000 6,000 348,000 185,000 108,000 9,000 302,000 46,000 29 Other Information for 2011: Equipment was purchased for $15,000 in cash Cash dividends of $18,000 were declared and paid 5 7 8 9 Land was sold for $16,000 in cash The land cost $10,000 Gain of $6,000 on the sale of the land 10 11 Common shares were issued for $35,000 in cash 12 13 14 15 16 17 10 E F 3 4 5 Accounts Payable Net Cash Flows from Operating Activities G -6 INVESTING ACTIVITIES 17 Proceeds from Sale of Land 18 Purchase of Equipment 19 20 FINANCING ACTIVITIES 21 Payment of Dividends 22 Cash from Issuance of Common Shares 23 24 Net Increase in Cash 25 26 Cash at Beginning of Year 27 28 Cash at End of Year 29 30 31 32 33 A

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