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Exhibit 21-3 The Travis Company uses the spreadsheet method for completing the statement of cash flows. The balance sheet accounts and other information related to
Exhibit 21-3 The Travis Company uses the spreadsheet method for completing the statement of cash flows. The balance sheet accounts and other information related to those accounts are presented below for Travis Company: Assets Cash Accounts Receivable, net Inventory Long-Term Investments Plant Assets Accumulated Depreciation Patents Equities Total Assets December 31 2020 $ 140,000 200,000 2019 $ 100,000 240,000 160,000 140,000 60,000 150,000 450,000 (290,000) 500,000 (300,000) 8,000 $ 768,000 10,000 $ 800,000 Accounts Payable Bonds Payable, due 2020 Common Stock, $10 par Additional Paid-in Capital Retained Earnings Total Equities Additional information related to 2020 activities: 1. Net loss for 2020 was $40,000. $ 100,000 180,000 $ 80,000 240,000 200,000 160,000 160,000 140,000 128,000 180,000 $ 768,000 $ 800,000 2. Cash dividends of $12,000 were declared and paid in 2020. 3. 4. 5. 4,000 shares of common stock were issued to bondholders converting bonds payable into common stock. A long-term investment was sold for $100,000 cash. Equipment costing $100,000 and having accumulated depreciation of $30,000 was sold for $50,000 cash. Refer to Exhibit 21-3. Net cash provided (used) in the investing activities section of Travis's 2020 statement of cash flows was $(50,000) $0 $(150,000) $150,000
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