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Eagle Company prepared the following comparative balance sheets and income statement for Year a Declared $3,000 of cash dividends. b Sold 540,000 of bonds at
Eagle Company prepared the following comparative balance sheets and income statement for Year a Declared $3,000 of cash dividends. b Sold 540,000 of bonds at 104.5 in cash c Sold 600 ahares of common stock for $40 per share in cash d Sold $15,000 of land for $13,000 in cash. e Amortized the Premium on Bonds Payable. f Issued 400 shares of common stock as payment for $18,000 of equipment Prepare the Year 9 atatement of cash flows for EaGLE Company using the INDIRECT method. Make reasonable assumptions about changes in the above balance sheet accounts which are not fully explained by the additional information in "a." through "e." above. g If Eagle had used the DIRECT method, please calculate the amounts of: 1. Collections from customErs 2. Payments for supplies Eagle Company prepared the following comparative balance sheets and income statement for Year a Declared $3,000 of cash dividends. b Sold 540,000 of bonds at 104.5 in cash c Sold 600 ahares of common stock for $40 per share in cash d Sold $15,000 of land for $13,000 in cash. e Amortized the Premium on Bonds Payable. f Issued 400 shares of common stock as payment for $18,000 of equipment Prepare the Year 9 atatement of cash flows for EaGLE Company using the INDIRECT method. Make reasonable assumptions about changes in the above balance sheet accounts which are not fully explained by the additional information in "a." through "e." above. g If Eagle had used the DIRECT method, please calculate the amounts of: 1. Collections from customErs 2. Payments for supplies
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