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From the information given, prepare two of the three sections of the cash flow statement. Prepare the financing and the investing sections. 2019 2018 Assets
From the information given, prepare two of the three sections of the cash flow statement. Prepare the "financing" and the investing" sections. 2019 2018 Assets Cash.. $ 41,000 $ 8,000 Accounts receivable. 41,000 32,000 Inventory....... Prepaid insurance.... Plant assets ........ Accumulated depreciation .. Total assets ......... 90,000 65,000 . 5,000 7,000 ... 219,000 202,000 ... (68,000) (55,000) ......... $328,000 $259,000 Liabilities and Stockholders' Equity Accounts payable.... . $ 7,000 S 10,000 Wages payable.......... 10,000 6,000 Income tax payable ........................................... 6,000 7,000 Bonds payable. 141,000 87,000 Common stock .. 90,000 90,000 Retained earnings .. 74,000 59,000 Total liabilities and stockholders' equity $328,000 259000 Cash dividends of $40,000 were paid during 2019. Plant assets were purchased for cash. Bonds payable were issued for cash
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