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ABC Company reported the following Balance Sheet comparative data and other pertinent information. Dec 31, 20x2 Dec 31, 20x1 Cash $77,375 $22,955 A/R 80,000 68,250

ABC Company reported the following Balance Sheet comparative data and other pertinent information.

Dec 31, 20x2

Dec 31, 20x1

Cash

$77,375

$22,955

A/R

80,000

68,250

Inventory

165,000

145,000

Prepaid Insurance

1,500

2,000

Investments: Debt, not cash equivalent

15,500

85,000

Plant Property and Equipment

1,250,000

1,125,000

Accumulated Depreciation

(610,000)

(572,000)

Total Assets

$979,375

$876,205

A/P

$76,340

$148,670

Salaries Payable

20,000

24,500

Notes Payable (non-trade)

25,000

75,000

Bonds payable

200,000

0

Common Stock

300,000

300,000

Retained Earnings

358,035

328,035

Total Liabilities and SE

$979,375

$876,205

Additional information for 20x2:

1. Sold investment in available-for-sale debt securities costing $69,500 for $74,000.

2. Equipment costing $20,000 with a book value of $5,000 was sold for $6,000.

3. Issued 6% bonds payable at face value, $200,000.

4. Purchased new equipment for $145,000 cash.

5. Paid cash dividends of $20,000.

6. Net income was $50,000.

INSTRUCTIONS

If you find it easier, you may print out the template by right clicking and choosing "screenshot".Choose "copy", Then open a new word document, and "ctrl" "v" to paste. Then,neatly provide the answers in the following format for all 20 lines.

1a_____________ 1b___________

2a_____________ 2b___________

and so on

.

ABC Corporation

Statement of Cash Flows

For the Year Ended December 31, 20x2

Cash flows from operating activities:

Net income

50,000

Adjustments to reconcile net Income to Net Cash:

Adjustments for noncash effects:

1a

1b

2a

2b

3a

3a

Changes in operating assets and liabilities:

4a

4b

5a

5b

6a

6b

7a

7b

8a

8b

Net cash flows from operating activities

9

Cash flows from investing activities:

10a

10b

11a

11b

12a

12b

Net cash flows from investing activities

13

Cash flows from financing activities:

14a

14b

15a

15b

16a

16b

Net cash flows from financing activities

17

Net increase in cash

18

Cash balance, January 1

19

Cash balance, December 31

20

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