could you please tell me how to get payment of loans payable number (15000) in financing activity. thank u
r/book/17K1PH6WYEB/page/a53e9b60b3cb51d454649312417993c9b9809605d-P7001016331000000000.. BU Network analysis. (Transf. E Imported From Sa. Assignment Material P17-5B Vaughan Sales Corp. prepared the financial statements for the year ended December 31 shown below: VAUGHAN SALES CORP. Income Statement For the Year Ended December 31, 2020 Net sales $267,000 Cost of goods sold 120,000 Gross margin 147,000 Operating expenses Selling expenses Administrative expenses $ 73,800 43,500 Interest expense 8,700 Total operating expenses Operating income 126,000 21,000 Income taxes 8,400 Net income $ 12,600 Do0 DO F4 FS F6 F7 FB F9 F10 & 9. book/17K1PH6WYEB/page/a53e9b60b3cb51d4546493f2417993c9b9809605d-P7001016331000000000. BU Network analysis. Transf... E Imported From Sa. Assignment Material VAUGHAN SALES CORP. Balance Sheet December 31, 2020 and 2019 Assets 2020 2019 Cash $ 6,000 $ 27,600 Investments in money market funds 1,500 4,500 Accounts receivable 12,700 34,200 Inventory 45,900 107,815 Prepaid expenses 3,600 2,850 Equipment 285,600 235,535 Less: Accumulated amortization 24,000 15,000 Land 90,000 Goodwill 18,000 22,500 Total assets $439,300 $420,000 Liabilities Accounts payable $ 21,300 $ 22,500 Salaries payable Loans payable 34,000 21,000 84,000 99,000 Total liabilities 139,300 142,500 Shareholders' equity Common shares 165,000 150,000 Retained earnings 135,000 127,500 aGBook of signment Material Solutions Chpt 17 - FMGT-121 X ver/book/17K1PH6WYEB/page/a53e9b60b3cb51d4546493f2417993c9b9809605d-P7001016331000000000.. sity (Transt. BU Network analysis. E Imported From Sa. Assignment Material Shareholders' equity Common shares 165,000 150,000 Retained earnings 135,000 127,500 Total shareholders' equity 300,000 277,500 Total liabilities and shareholders' equity $420,000 $439,300 Additional information: a. The administrative expenses included the following: Amortization expense on equipment - $24,000 Writedown of goodwill - $4,500 b. Sold equipment for its net book value. The equipment cost $44,685 and had been amortized for $15,000. c. Purchased additional equipment for $94,750. d. Exchanged common shares for land valued at $90,000. e. Declared and paid cash dividends on common shares, $5,100. f. Repurchased common shares for $75,000. g. Paid $23,700 (of which $8,700 was interest) on the loans. Required 1. Prepare a cash flow statement for Vaughan Sales Corp. for the year ended December 31, 2020, using the indirect method. Consider the investments in money market funds to he a.cash equivalent DO DI DOD F10 F9 FB F7 F4 FS Assignment Material Solutions Chpt 17- FMGT-121 x ps://d21.langara.bc.ca/d2/le/content/138152/viewContent/2002002/View Pa ane Fricti. k University (Transf. Network analysis. Imported From Sa. Amortization expense-equipment Write-down (loss) of goodwill Decrease in accounts receivable Decrease in inventory Increase in prepaid expenses Decrease in accounts payable Increase in salaries payable Net cash inflow from operating activities $ 24,000 4,500 21,500 61,915 (750) |(1,200) 13,000 122,965 135,565 Cash flows from investing activities Sale of equipment Purchase of equipment Net cash outflow from investing activities 29,685 (94.750) (65,065) Cash flows from financing activities Payment of dividends Repurchase of common shares Payment of loan payable Net cash outflow from financing activities (5,100) (75,000) (15,000) (95,100) (24.600) Net decrease in cash / 16
