Below is the comparative balance sheet for Teal Corporation. Delivery equipment Accumulated depreciation-delivery equipment Patents \begin{tabular}{l} $380,80014,900$300,8000 \\ \hline \end{tabular} Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock $25,7004,1003,00073,30049,500139,300$16,2005,9004,70053,00062,500101,600 Paid-in capital in excess of par Retained earnings $380,80075,900$300,80052,800 Dividends in the amount of $15,000 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The shortterm 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.) Prepaid expenses Inventory 64,900 Land 50,300 Buildings 73,700 Equipment Equipment (Delivery) Patents Total debits $361,900 Credits Accounts payable Notes payable 5,900 Credits Accounts payable Notes payable Accrued liabilities 4,700 Allowance for doubtful accounts 2,000 Accumulated Depreciation-Building 23,000 Accumulated Depreciation-Equipment 15,600 Accumulated Depreciation-Delivery Equipment 20,500 Mortgage payable 53,000 Bonds payable 62,500 Commonstock 101.600 Paighinmaitalinmocese timon Paid-in capital in excess Retained earnings Total credits Teal Corporation Statement of Cash Flows Effects $ Totals Totals Below is the comparative balance sheet for Teal Corporation. Delivery equipment Accumulated depreciation-delivery equipment Patents \begin{tabular}{l} $380,80014,900$300,8000 \\ \hline \end{tabular} Accounts payable Short-term notes payable (trade) Accrued payables Mortgage payable Bonds payable Common stock $25,7004,1003,00073,30049,500139,300$16,2005,9004,70053,00062,500101,600 Paid-in capital in excess of par Retained earnings $380,80075,900$300,80052,800 Dividends in the amount of $15,000 were declared and paid in 2020. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The shortterm 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.) Prepaid expenses Inventory 64,900 Land 50,300 Buildings 73,700 Equipment Equipment (Delivery) Patents Total debits $361,900 Credits Accounts payable Notes payable 5,900 Credits Accounts payable Notes payable Accrued liabilities 4,700 Allowance for doubtful accounts 2,000 Accumulated Depreciation-Building 23,000 Accumulated Depreciation-Equipment 15,600 Accumulated Depreciation-Delivery Equipment 20,500 Mortgage payable 53,000 Bonds payable 62,500 Commonstock 101.600 Paighinmaitalinmocese timon Paid-in capital in excess Retained earnings Total credits Teal Corporation Statement of Cash Flows Effects $ Totals Totals
