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Based on the information provided below, prepare a complete statement of cash flows, including the heading for Patty's ho Balance sheet Asses Current assets
Based on the information provided below, prepare a complete statement of cash flows, including the heading for Patty's ho Balance sheet Asses Current assets 2020 2019 Cash and cash equivalents 366 240 42603180 Accounts receivable Inventory Prepaid Expenses Total current assets Property, plan and eq Les accumulated-preciation Net property, plant, and equipment Long-term investments 5000 $160 80 30 9774 8610 19020 15600 4860 4530 14160 11070 360 660 1254 1020 Loans to subsidiaries Total Assets 25578 21300 0 Labilities and stockholders' equity Current liabilities 0 Accounts payable 5820 4020 Accrued lubilities 390 492 income taxes payable 570 480 Total curent abilities 6780 4992 Blonds payable 4920 3600 Total abilities 11700 8592 o Stockholders equity 0 0 Common 10440 9900 Stockholders' equity 0 0 Common stock 10440 9900 Retained saming 3438 2868 Total stockholders' equity 13878 12768 Total abilities and stockholders' equity 25578 21360 Income Statement Sales 12000 Cost of goods sold 7800 Gross Margin 4200 Selling and administrative expenses 2940 Net operating income 1260 Nonoperating m Gain on sale of vestments 360 Loss on sale of equipment (120) 240 Income before taxes 1500 Income taxes 480 Net income 1020 1. The company declared and paid a cash dividend 2.Bonds with a principal balance of $2.100 were repaid during the year 3. Equipment was sold during 2020 for $420. The equipment cost $780 and had $240 in aed depiction on the date of sale 4Long-term investments wer sold during the year for $660. These investments cost $300 when purchased in 2054 5. The subsidiaries did not repay any loans during the yea Paddy's Pub did not repurchase any of its own stock during the year
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