Compartive balance sheet

ment-rid-23255806_1/courses/21545.202102/Accounting%20102%20%20Chapter%2016.pdf 5 / 5 100% + The comparative balance sheet for the ZYX Company at December 31, 2019 and 2018 is as follows: 12/31/19 12/31/18 Assets: Cash $146,600 $179,800 Accounts Receivable 224,600 242,000 Merchandise Inventory 321,600 299,200 Prepaid Expenses 13,400 9,600 Equipment 655,000 537,000 Accumulated depreciation-equipment (170,800) (132,200) Total Assels $1,190,400 $1,135,400 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $250,200 $237,600 Mortgage note payable 0 336,000 Common Stock, $10 par 74,000 24,000 Paid in Capital-common stock 470,000 320,000 Retained Earnings 396,200 217,800 Total Liabilities and Stockholders' Equity $1,190,400 $1,135,400 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: a) Net Income, $332,000 b) Depreciation reported on the income statement, $83,400 c) Equipment was purchased at a cost of 8162,800 and fully depreciated equipment costing $44,800 was discarded. E ment-rid-23255806_1/courses/21545.202102/Accounting%20102%20%20Chapter%2016.pdf 5 / 5 100% + TOUT Assets $1,190,400 $1,135,404 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $250,200 $237,600 Mortgage note payable 0 336,000 Common Stock, $10 par 74,000 24,000 Paid in Capital-common stock 470,000 320,000 Retained Earnings 396,200 217,800 Total Liabilities and Stockholders' Equity $1,190,400 $1,135,400 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: a) Net Income, $332,000 b) Depreciation reported on the income statement, $83,400 c) Equipment was purchased at a cost of & 162,800 and fully depreciated equipment costing $44,800 was discarded. d) The mortgage note payable was not due until 2021 but the terms permitted earlier payment without penalty e) 10,000 shares of common stock were issued at $20 for cash f) Cash dividends declared and paid, $153,600 Instructions: Prepare a statement of cash flows using the indirect method. Assignment Due by 11/6/20 W ment-rid-23255806_1/courses/21545.202102/Accounting%20102%20%20Chapter%2016.pdf 5 / 5 100% + The comparative balance sheet for the ZYX Company at December 31, 2019 and 2018 is as follows: 12/31/19 12/31/18 Assets: Cash $146,600 $179,800 Accounts Receivable 224,600 242,000 Merchandise Inventory 321,600 299,200 Prepaid Expenses 13,400 9,600 Equipment 655,000 537,000 Accumulated depreciation-equipment (170,800) (132,200) Total Assels $1,190,400 $1,135,400 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $250,200 $237,600 Mortgage note payable 0 336,000 Common Stock, $10 par 74,000 24,000 Paid in Capital-common stock 470,000 320,000 Retained Earnings 396,200 217,800 Total Liabilities and Stockholders' Equity $1,190,400 $1,135,400 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: a) Net Income, $332,000 b) Depreciation reported on the income statement, $83,400 c) Equipment was purchased at a cost of 8162,800 and fully depreciated equipment costing $44,800 was discarded. E ment-rid-23255806_1/courses/21545.202102/Accounting%20102%20%20Chapter%2016.pdf 5 / 5 100% + TOUT Assets $1,190,400 $1,135,404 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $250,200 $237,600 Mortgage note payable 0 336,000 Common Stock, $10 par 74,000 24,000 Paid in Capital-common stock 470,000 320,000 Retained Earnings 396,200 217,800 Total Liabilities and Stockholders' Equity $1,190,400 $1,135,400 Additional data obtained from an examination of the accounts in the ledger for 2019 are as follows: a) Net Income, $332,000 b) Depreciation reported on the income statement, $83,400 c) Equipment was purchased at a cost of & 162,800 and fully depreciated equipment costing $44,800 was discarded. d) The mortgage note payable was not due until 2021 but the terms permitted earlier payment without penalty e) 10,000 shares of common stock were issued at $20 for cash f) Cash dividends declared and paid, $153,600 Instructions: Prepare a statement of cash flows using the indirect method. Assignment Due by 11/6/20 W