A B B F G H J L M 1 Step 1 Change DB (er) Step 2 Financing Oper Inv Cash Non Cash Buz Trans Dewey, Cheetum, & Howe, LLP Adjusted Trial Balance at December 31, 2020 , Debit Credit 4,200 25,000 40,000 20,000 5,000 20,000 100,000 33,000 100,000 D E Dewey, Cheetum, & Howe, LLP Adjusted Trial Balance at December 31, 2021 Debit Credit 6,000 35,000 52,000 30,000 4,000 20,000 100,000 45,000 134,850 34,000 45,000 25,000 46,000 9,000 13,000 20,000 15,000 62,000 100,000 50,000 38,700 10,000 20,000 338,150 2 3 4 Account Name 5 Cash 6 Marketable securities 7 Accounts Receivable 8 Inventory 9 Prepaids 10 Land 11 Building 12 Accum Depr - Bldg 13 Equipment 14 Accum Depr - Equip 15 Patents 16 Long-term investments 17 Accounts Payable 18 Income Taxes Payable 19 Salaries Payable 20 Working Capital Line of Credit 21 Current Portion of LTD 22 Long-term Debt, net 23 Common Stock, $15 Par 24 Paid in Capital 25 Retained earnings 26 Dividends 27 Treasury Stock 28 Sales Revenue 29 Cost Goods sold 25,000 50,000 30,000 34,000 6,000 4,000 45,500 12,000 76,000 80,000 40,000 38,700 75,000 60,000 20,000 10,000 7,500 30 Raw Material 31 Direct Labor 32 Manufacturing Overhead 33 Various Overhead Expenses 34 Depreciation - Bldg 35 Depreciation - Equip 36 Operating Expenses 37 Various Operating Expense 38 Depreciation - Bldg 39 Depreciation - Equip 40 Interest and Dividend Income 41 Interest Expense 42 Gain on Sale of Long Term Investments 43 Loss of Sale of Equipment 44 Unrealized Gain on Mkt Securities 45 Income tax Expense 46 Net Income 47 CR from Sale 48 Total 80,000 2,000 2,500 2,000 10,000 2,000 3,000 4,000 23,000 776,850 776,850 394,200 394,200 Please complete the worksheet for Wednesday and the formal cash flow statement for DC&H Additional information to complete the worksheet is as follows: 1) The company purchased an additional $50,000 of equipment. Calculate the proceeds from the sale of equipment 2) The Company didnt sell or buy any additional Patents. Therefore the Decrease is due to amortization. 3) The Company Sold a long-term investment that had a cost of $5000 4) Change in LTD is payment of Principle 5) Change in Common stock is the issuance of common stock 6) Change in Treasury stock is the purchase of it from shareholders Please lt me know if you have any questions on the above A B B F G H J L M 1 Step 1 Change DB (er) Step 2 Financing Oper Inv Cash Non Cash Buz Trans Dewey, Cheetum, & Howe, LLP Adjusted Trial Balance at December 31, 2020 , Debit Credit 4,200 25,000 40,000 20,000 5,000 20,000 100,000 33,000 100,000 D E Dewey, Cheetum, & Howe, LLP Adjusted Trial Balance at December 31, 2021 Debit Credit 6,000 35,000 52,000 30,000 4,000 20,000 100,000 45,000 134,850 34,000 45,000 25,000 46,000 9,000 13,000 20,000 15,000 62,000 100,000 50,000 38,700 10,000 20,000 338,150 2 3 4 Account Name 5 Cash 6 Marketable securities 7 Accounts Receivable 8 Inventory 9 Prepaids 10 Land 11 Building 12 Accum Depr - Bldg 13 Equipment 14 Accum Depr - Equip 15 Patents 16 Long-term investments 17 Accounts Payable 18 Income Taxes Payable 19 Salaries Payable 20 Working Capital Line of Credit 21 Current Portion of LTD 22 Long-term Debt, net 23 Common Stock, $15 Par 24 Paid in Capital 25 Retained earnings 26 Dividends 27 Treasury Stock 28 Sales Revenue 29 Cost Goods sold 25,000 50,000 30,000 34,000 6,000 4,000 45,500 12,000 76,000 80,000 40,000 38,700 75,000 60,000 20,000 10,000 7,500 30 Raw Material 31 Direct Labor 32 Manufacturing Overhead 33 Various Overhead Expenses 34 Depreciation - Bldg 35 Depreciation - Equip 36 Operating Expenses 37 Various Operating Expense 38 Depreciation - Bldg 39 Depreciation - Equip 40 Interest and Dividend Income 41 Interest Expense 42 Gain on Sale of Long Term Investments 43 Loss of Sale of Equipment 44 Unrealized Gain on Mkt Securities 45 Income tax Expense 46 Net Income 47 CR from Sale 48 Total 80,000 2,000 2,500 2,000 10,000 2,000 3,000 4,000 23,000 776,850 776,850 394,200 394,200 Please complete the worksheet for Wednesday and the formal cash flow statement for DC&H Additional information to complete the worksheet is as follows: 1) The company purchased an additional $50,000 of equipment. Calculate the proceeds from the sale of equipment 2) The Company didnt sell or buy any additional Patents. Therefore the Decrease is due to amortization. 3) The Company Sold a long-term investment that had a cost of $5000 4) Change in LTD is payment of Principle 5) Change in Common stock is the issuance of common stock 6) Change in Treasury stock is the purchase of it from shareholders Please lt me know if you have any questions on the above