Edit View History Bookmarks Window Help edugen.wileyplus.com Student Center IS Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Co Help System Announcements Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. 2019 Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $73,400 Accounts receivable 85,800 Inventory 170,200 Land 72,800 Equipment 260,600 Accumulated depreciation-equipment (66,100) Total $596,700 Liabilities and Stockholders' Equity Accounts payable $35,000 Bonds payable 151,400 Common stock ($1 par) 217,600 Retained earnings 192,700 Total $596,700 $33,100 71,200 187,000 101,000 200,800 (33,900) $559,200 $47,500 203,400 174,100 134,200 $559,200 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends of $45,100 were declared and paid. 3. Bonds payable amounting to $52,000 were redeemed for cash $52,000. 4. Common stock was issued for $43,500 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease (15,000).) View Swory Bookmarks Window Help A edugen.wiley Student Center Return to Bla Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS C Help System Announcements Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $73,400 Accounts receivable 85,800 Inventory 170,200 Land 72,800 Equipment 260,600 Accumulated depreciation-equipment (66,100) Total $596,700 Liabilities and Stockholders' Equity Accounts payable $35,000 Bonds payable 151,400 Common stock ($1 par) 217,600 Retained earnings 192,700 Total $596,700 2019 $33,100 71,200 187,000 101,000 200,800 (33,900) $559,200 $47,500 203,400 174,100 134,200 $559,200 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends of $45,100 were declared and paid. 3. Bonds payable amounting to $52,000 were redeemed for cash $52,000. 4. Common stock was issued for $43,500 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the Indirect method. (Show amol (15,000).) Veln Coman Edit View History Bookmarks Window Help edugen.wileyplus.com Student Center IS Return to Blackboard Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS Course for Bronx Co Help System Announcements Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. 2019 Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $73,400 Accounts receivable 85,800 Inventory 170,200 Land 72,800 Equipment 260,600 Accumulated depreciation-equipment (66,100) Total $596,700 Liabilities and Stockholders' Equity Accounts payable $35,000 Bonds payable 151,400 Common stock ($1 par) 217,600 Retained earnings 192,700 Total $596,700 $33,100 71,200 187,000 101,000 200,800 (33,900) $559,200 $47,500 203,400 174,100 134,200 $559,200 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends of $45,100 were declared and paid. 3. Bonds payable amounting to $52,000 were redeemed for cash $52,000. 4. Common stock was issued for $43,500 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease (15,000).) View Swory Bookmarks Window Help A edugen.wiley Student Center Return to Bla Weygandt, Accounting Principles, 13th Edition, Custom WileyPLUS C Help System Announcements Exercise 17-09 (Video) Here are comparative balance sheets for Velo Company. Velo Company Comparative Balance Sheets December 31 Assets 2020 Cash $73,400 Accounts receivable 85,800 Inventory 170,200 Land 72,800 Equipment 260,600 Accumulated depreciation-equipment (66,100) Total $596,700 Liabilities and Stockholders' Equity Accounts payable $35,000 Bonds payable 151,400 Common stock ($1 par) 217,600 Retained earnings 192,700 Total $596,700 2019 $33,100 71,200 187,000 101,000 200,800 (33,900) $559,200 $47,500 203,400 174,100 134,200 $559,200 Additional information: 1. Net income for 2020 was $103,600. 2. Cash dividends of $45,100 were declared and paid. 3. Bonds payable amounting to $52,000 were redeemed for cash $52,000. 4. Common stock was issued for $43,500 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the Indirect method. (Show amol (15,000).) Veln Coman