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?? DD PS4 Preparation of a Statement of Cash Flows and a statement of Financial Position) Lansbury Inc. had the statement of financial position shown

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DD PS4 Preparation of a Statement of Cash Flows and a statement of Financial Position) Lansbury Inc. had the statement of financial position shown below at December 31, 2014. Investments Plantaset net Land Accounts receivable Cash LANSBURY INC. STATEMENT OF FINANCIAL POSITION DECEMBER 31, 2014 $ 32.000 Share capital-ordinary 81.000 Petained earnings 40.000 Long-term noites payable 21.200 Accounts payable 20,000 $194.200 $100,000 23.200 41,000 30.000 5104,200 During 2015, the following curred. 1. Lansbury Inc. sold part of its investment portfolio for $15,0. This transaction resulted in a gath of $3,400 for the firm The company classifica il investments as non-trading equity. 2. A tract of land was purchased for $18,000 cash. 3. Long-term roles payable in the amount of 16,000) were retired before maturity by paying 516,000 cash. 4. An additional $20,000 in ordinary shares were issued at par. 5. Dividends totalling $8,200 were declared and paid to shareholders. 6. Net income for 2015 was $32,000 after allowing for depreciation of S11,000. 7. Land was purchased through the issuance of 530,000 in bonds. 8. At December 31, 2015, Cash was $32,810, Accounts Receivable was $41,610, and Accounts Payable remained at $30,000

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