Below is the comparative balance sheet for Bridgeport Corporation. Dec. 31, 2020 Dec. 31, 2019 Cash...
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Below is the comparative balance sheet for Bridgeport Corporation. Dec. 31, 2020 Dec. 31, 2019 Cash $16,700 $21,000 Short-term investments 24,900 19.100 Accounts receivable 42,500 45,000 Allowance for doubtful accounts (1,800 ) (2.100) Prepaid expenses 4,300 2,500 Inventory 81,800 65.500 Land 50,400 50,400 Buildings 124,200 73,600 Accumulated depreciation-buildings (29,900) (22,900) Equipment 52,700 45.700 Accumulated depreciation-equipment (18,900) (15.600 ) Delivery equipment 38,600 38,600 Accumulated depreciation-delivery equipment (21,900) (20,700) Patents 15,000 -0- $378,600 $300,100 Accounts payable $25,900 $15,900 Short-term notes payable (trade) 4,100 5,900 Accrued payables 3,000 4,700 Mortgage payable 73,200 52,800 Bonds payable 50,100 63,000 Common stock 141,100 101,600 Paid-in capital in excess of par 10,100 4,000 Retained earnings 71,100 52,200 $378,600 $300,100 Dividends in the amount of $15,100 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short- term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) Below is the comparative balance sheet for Bridgeport Corporation. Dec. 31, 2020 Dec. 31, 2019 Cash $16,700 $21,000 Short-term investments 24,900 19.100 Accounts receivable 42,500 45,000 Allowance for doubtful accounts (1,800 ) (2.100) Prepaid expenses 4,300 2,500 Inventory 81,800 65.500 Land 50,400 50,400 Buildings 124,200 73,600 Accumulated depreciation-buildings (29,900) (22,900) Equipment 52,700 45.700 Accumulated depreciation-equipment (18,900) (15.600 ) Delivery equipment 38,600 38,600 Accumulated depreciation-delivery equipment (21,900) (20,700) Patents 15,000 -0- $378,600 $300,100 Accounts payable $25,900 $15,900 Short-term notes payable (trade) 4,100 5,900 Accrued payables 3,000 4,700 Mortgage payable 73,200 52,800 Bonds payable 50,100 63,000 Common stock 141,100 101,600 Paid-in capital in excess of par 10,100 4,000 Retained earnings 71,100 52,200 $378,600 $300,100 Dividends in the amount of $15,100 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short- term investments are considered available-for-sale and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.)
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