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Can someone help to work out all the blanks thanks 6 More Info 1. The income statement for 2019 included the following items: a. Net
Can someone help to work out all the blanks thanks
6 More Info 1. The income statement for 2019 included the following items: a. Net income, $399,000 c. Amortization on the bonds payable, $320. acquisitions of PP&E were for cash except the land, which was acquired by b. Depreciation expense for the year, $30,180. 2. There were no disposals of property, plant and equipment during the year. All 3. The company issued bonds payable with a face value of $900,000, receiving 4. The company distributed 5,000 shares of common stock in a stock dividend issuing preferred stock. cash of $898,720 when the market value was $12.00 per share. All other dividends were paid in cash 5. The common stock, except for the stock dividend, was issued for cash 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done Liabilities Current Liabilities ,160 $ 1,610 230 300 1,050 Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue 580 500 3,850 24,000 540 850 40 450 Long-Term Liabilities 9,600 315,000 900,000 (960) Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 9,600 1,258,120 13,280 Total Liabilities Stockholders' Equity Paid-In Capital 200,000 100,000 355,000 205,000 150,000 321,950 Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common 2,950 1,126,950 207,950 $ 2,385,070 $ 221,230 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity Cash Flows From Investing Activities Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance. Dec. 31, 2018 Cash Balance, Dec. 31, 2019 Non-cash Investing and Financing Activities: Outdoor Adventure Company Statement of Cash Flows Year Ended December 31, 2019 Cash Flows From Operating Activities Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities Net Cash Provided by (Used for) Operating ActivitiesStep by Step Solution
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