Chaptor 13 Addivional data olma counts in the ledger for 20YH are as follows A. Net income $190.000 8 Depreciation reported on the income statement515.000 C. Equtprnentwos purchased at cost orsvas.noo and 6umy desreciated 651 from the income statement and from an examination of the ac with no salvage realized The mortgage note payable was not due enr six years, but the terms L 40.000 shares of common stock were issued at $15 for cash F. Cash dividends declared and paid. $50,000 peminted earlier payment without penalty opcratitnig aeteymient of cash fiows, uving the indirect methiod of presenting cash tiras trm PR 13-3A Statement of cash flows-indirect method ow The comparative balance sheet of Whitman Co. at December 31, 20V2 and 20YI, is as follk. Obj. 2, 3, 4, 5 Dec. 31,20Y2 Dec. 31, 20Y1 Assets Cash Accounts receivable (net) $ 918,000 828,900 964 800 TInventories Prepaid expenses Land Buildings Accumulat 761.940 1,268.460 1,162,980 35,100 479,700 462.500900900 29.340 315,900 (408,600) (382.320) quipment Accumulated depreciation-equipment Total assets 512,280 454,680 (141,300)158.760 4,785.48054.219020 Liabilities and Stockholders' Equity 922,500 958320 Bonds payable Common stock, $25 par Paid-in capital: Excess of issue price over par-common stock Retained earnings Total liabilities and stockholders' equity 270,000 117,000 317,000 75B,000 558,000 2.5179802.585.700 54,785.480 $4,219,020 r 20Y2 are The noncurrent asset, noncurrent liability, and stockholders' equity accounts fo as follows: ACCOUNT NO. ACCOUNT Land Balance Debit Credit Debit Credit Item Date 479,700 20Y2 Jan.1 Balance Apr. 20 Realized $151,200 cash 163,800 315,900 from sale ACCOUNT NO. Balance ACCOUNT Buildings Debit Credit Debit Credit Item Date 1,462,500 20Y2 561,600 Jan. 1 Balance Apr. 20 Acquired for cash (Continued)