A Thomas Company Balance Sheet December 31 Assets 2019 78,700 $ 2018 7 Cash 8 Accounts Receivable 9 Inventory 33,400 72,970 37,000 121,900 102,650 10 Long-term investments 11 Building 12 Accumulated Depreciation-Building 89,500 107,000 150,000 150,000 (20,000) (10,000) 13 Equipment 170,000 55,000 14 Accumulated Depreciation-Equipment (29,500) $ 633,570 s 445,050 (30,000) 15 Total Assets 16 Liabilities and Stockholder's Equity 17 18 Accounts Payable 57,700 S 48,280 18,830 70,000 19 Unearned Revenue 15,100 20 Bonds Payable 140,000 21 Common Stock 22 Retained Earnings 250,000 200,000 170,770 $ 633,570 S 445,050 107,940 23 Total Liabilities and Stockholder's Equity 24 25 26 |Additional data: 27 1. Net income for 2019 was $107,830. 28 2. Investments were sold at cost. 29 3. During the year equipment was sold for $13,000 cash. This equipment cost 30 $36,000 originally and had accumulated depreciation of $26,000 at the 31 time of the sale. %24 Cash fows trom activites Adjustments to reconcile to net cash from activities Net cash by activities Cash fows from activities Net cash by activities Cash fows from activities Net cash by activities in cash Net of pertod Cash at of pertod Cash at