Als Soliz, the owner, has asked for your help in preparing her statement of cash flows. the operations of Rosa's Caf, a small food service operation, are becoming more complex. She is able to present you with condensed balance sheets and some additional information. Rosa's Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 20X2 $ 15,000 $ 15,000 5,000 5,000 14,000 15,000 20,000 19,000 10,000 10,000 320,000 320,000 (50,000) (50,000) 334,000 334,000 Marketable Securities Arvunts Receivable Inventory Investments (noncurrent) Acumulated Depreciation Total Assets Equipment 220 Chapter 4 Current Liabilities: Accounts Payable Dividends Payable Note Payable (current) Noncurrent Liabilities: $ 18,000 20,000 balsot 20,000 $ 19,000 20,000 20,000 160,000000 Note Payable Common Stock Retained Earnings Total Liabilities & Owners' Equity 100,000 16,000 $334,000 160,000 100,000 15,000 $334,000 Additional information about activities in 20X2: 1. Investments costing $15,000 were sold for $10,000. 2. Dividends declared during 20X2 totaled $30,000. 3. The cafe's van, which cost $25,000, was sold at a gain of $5,000. Its net book value on the date of sale was $10,000. 4. Marketable securities that cost $5,000 were sold for $10,000. 5. Common stock of $20,000 was exchanged for equipment in a noncash transaction. 6. Assume current liabilities are paid on a timely basis. Required: Prepare the statement of cash flows for 20X2. ogni ti bio sch Als Soliz, the owner, has asked for your help in preparing her statement of cash flows. the operations of Rosa's Caf, a small food service operation, are becoming more complex. She is able to present you with condensed balance sheets and some additional information. Rosa's Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 20X2 $ 15,000 $ 15,000 5,000 5,000 14,000 15,000 20,000 19,000 10,000 10,000 320,000 320,000 (50,000) (50,000) 334,000 334,000 Marketable Securities Arvunts Receivable Inventory Investments (noncurrent) Acumulated Depreciation Total Assets Equipment 220 Chapter 4 Current Liabilities: Accounts Payable Dividends Payable Note Payable (current) Noncurrent Liabilities: $ 18,000 20,000 balsot 20,000 $ 19,000 20,000 20,000 160,000000 Note Payable Common Stock Retained Earnings Total Liabilities & Owners' Equity 100,000 16,000 $334,000 160,000 100,000 15,000 $334,000 Additional information about activities in 20X2: 1. Investments costing $15,000 were sold for $10,000. 2. Dividends declared during 20X2 totaled $30,000. 3. The cafe's van, which cost $25,000, was sold at a gain of $5,000. Its net book value on the date of sale was $10,000. 4. Marketable securities that cost $5,000 were sold for $10,000. 5. Common stock of $20,000 was exchanged for equipment in a noncash transaction. 6. Assume current liabilities are paid on a timely basis. Required: Prepare the statement of cash flows for 20X2. ogni ti bio sch
