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Following are selected balance sheet accounts of Marigold Bros. Corp, at December 31, 2020 and 2019, and the increases or decreases in each account from
Following are selected balance sheet accounts of Marigold Bros. Corp, at December 31, 2020 and 2019, and the increases or decreases in each account from 2019 to 2020. Also presented selected income statement information for the year anded December 31, 2020, and additional information Selected balance sheet accounts Assets 2020 Increase Decrease) 2019 Accounts receivable $33,700 $23.900 $9.900 Property, plant and equipment 274,500 245,100 29.400 Accumulated depreciation-plant assets (179,100 (168,400) (10,700 Liabilities and stockholders' equity 2020 2019 Increase Bonds payable $ 49.100 $45.000 $3,300 Dividends payable 7.900 4900 3,000 Common stock $i par 22,000 19,209 2,900 Additional paid-in capital 9,100 3,000 6,100 Retained earnings 103,000 90,000 12,200 Selected income statement information for the year ended December 31, 2020: Sales revenus S155,500 Depreciation 30,400 Gain on sale of equipment 14,600 Net income 31,200 Additional information: 1 During 2020. aquipment costing S44,600 was sold for cash. 2. 3. Accounts receivable relate to sales of merchandise During 2020, S19,200 of bonds payable were issued in exchange for property, plant, and esuipment. There was no amortization of bond discount or premium. Determine the category (operating investing or financing and the amount that should be reported in the statement of cash flows for the following items Activity a Payments for purchase of property, plant, and esuipment, Investra V [b] Proceeds from the sale of equipment Investire V Id Cash dividends paid Finanding (d) Redemption of bonds payable Financing V e Textbook and Media Setor Line Last saved 12 hours ago Attempts of used Sumi An
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