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Cech Dec.31-2020 $50,500 Ne vede 60,000 121,500 Supplies & Zony Prepaid 54,000 81,000 Machines and sol 144,000 Accumbed depreciation equip Total Asses 345.000 $020.000 SAZZ.000
Cech Dec.31-2020 $50,500 Ne vede 60,000 121,500 Supplies & Zony Prepaid 54,000 81,000 Machines and sol 144,000 Accumbed depreciation equip Total Asses 345.000 $020.000 SAZZ.000 Liabilities & Steckholders Equity Accounts payable Bonds payable (long-term) $ 76,500 166,500 $ 31,500 211,500. Comunion Stock 180,000 Retained Eamings 103,500 130.500 210.000 Total Liabilities & Stockholders' Equity $.630.000 $477.000 Income Statement Information (2021); 1. Net income for the year ending December 31, 2021 is $130,500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss. 3. Cash dividends paid is $45,000. 4. The company purchased new machines and tools for $22.500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 11, 2001 Dec.31.2021 8351,000 72.000 81,000 31.500 0 166,500 (03.000)
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