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B Exercise 12 The following information is available for Umbrella Corporation for the year ended December 31, 2021: Collection of principal on long-term loan
B Exercise 12 The following information is available for Umbrella Corporation for the year ended December 31, 2021: Collection of principal on long-term loan to a supplier Acquisition of equipment for cash Proceeds from the redemption of long-term investment at carrying value Issue of common shares for cash Depreciation expense 8 Redemption of bonds payable at amortized cost 9 Payment of cash dividends 10 Profit 11 Purchase of land by issuing bonds payable 12 D E 40,000 15,000 27,000 25,000 25,000 24,000 14,000 30,000 40,000 13 In addition, the following information is available from the comparative balance sheet for Umbrella at the end of 2020 and 2021: 14 15 Cash 16 Accounts receivable (net) 17 Prepaid insurance 18 Total current assets 19 20 Accounts payable 21 Salaries payable 22 23 Total current liabilities 24 Instructions 2,021 2.020 1,02,000 14,000 20,000 15,000 17,000 13,000 1,39,000 42,000 25,000 19,000 4,000 7,000 29.000 26,000 25 Prepare Umbrella's cash flow statement for the year ended December 31, 2021, using the indirect method. 26 Cash Flow Horizontal Analysis Ratio Analysis
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