Comparative Balance Sheets

Assets 2020 2019

Cash $36,800 $20,800

Accounts Receivable 32,100 18,900

Inventory 29,600 20,500

Equipment 59,500 77,600

Accumulated Depreciation Equipment (29,900) (23,600)

Total $128,100 $114,200

LIABILITIES AND STOCKHOLDERS EQUITY

Accounts Payable $28,500 $16,100

Income Taxes Payable 7,000 8,300

Bonds Payable 27,300 32,300

Common Stock 17,100 13,900

Retained Earnings 48,200 43,600

$128,100 $114,200

Income Statement

Sales revenue $241,300

Cost of goods sold 175,300

Gross profit 66,000

Operating expenses 23,800

Income from operations 42,200

Interest expense 4,000

Income before income taxes 38,200

Income tax expense 8,900

Net income $29,300

Additional data:

1.Dividends declared and paid were $24,700.

2.During the year, equipment was sold for $9,200cash. This equipment cost $18,100originally and had a book value of $9,200 at the time of sale.

3.All depreciation expense, $15,200, is in the operating expenses.

4.All sales and purchases are on account.

Further analysis reveals the following.

1.Accounts payable pertain to merchandise suppliers.

2.All operating expenses except for depreciation were paid in cash.

I am preparing a Statement of Cash Flows using the Direct Method and am having difficulty figuring out some answers. I am using a tutor because I am struggling to understand these accounting concepts and with online courses there is no guidance other than the textbook. Please check my answers.

This is what I have

Operating Activities

Cash Receipts from Customers $228,100

Less Cash Payments

To Suppliers 172,000

For Operating Expense 8,600

For Income Taxes 10,200

For Interest 4,000

194,800

Net Cash Provided by O Exp. 33,300

Cash Flows from Investing

Sales of Equipment 9,200

Cash Flow from Financing Activity

Issuance of Common Stock jQuery22409928560040420913_1563812455944???

Payment of Dividends 24,700

Redemption of Bonds ?????

Can you please check my answers and clarify what I have done wrong or right as well ashelp me understand how to compute the issuance of common stocks as well as the redemption of bond?