Hethod. (Use Wonder Wilderness Company Statement of Cash Flows Year Ended December 31, 2019 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities $ 506,000 $29,540 Amortization Expense Decrease in Accounts Receivable Increase in Merchandise Inventory Decrease in Office Supplies Decrease in Prepaid Rent Increase in Accounts Payable Increase in Utilities Payable Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Unearned Revenue Increase in Short-term Investments 4,000More Info (600) 1,400 1. The income statemen a. Net income, $506, b. Depreciation expen c. Amortization on the 2. There were no disposa acquisitions of PP&Ew issuing preferred stock 3. The company issued bo cash of $898,000. 4. The company distributed when the market value w (34,000) Net Cash Provided by (Used for) Operating Activities Cash Flows From Investing Activities 5. The common stock, exce 6. The cash receipt from the activity because it does no Cash Payment for Acquisition of Plant Assets (920,000) Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Bonds Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Mortgage Payable Cash Payment of Dividends 200000 570,000 (15000) Cash Receipt from Issuance of Notes Payable Net Cash Provided by (Used for) Financing Activities Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent $ 1,150,310 $ 4,350 34,000 2,900 600 30 6,900 300 0 1,400 Property, Plant, and Equipment: 365,00065,000 945,000195,000 12,960 Building 12,960 170,000 (30,740) (1200 Office Furniture and Equipment Accumulated Depreciation PP&E Total Assets S 2,650,060 $ 284,710 Liabilities Current Liabilities Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable e year. All $4,790 $ 2,240 uired by receiving k dividend 610 850 350 3,7001,500 20,000 ere paid in 400 100 500 250 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 6,720 6,720 570,000 900,000 (1,800) Total Liabilities 1,505,77011,420 Stockholders' Equity Paid-In Capital: Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common 100,000 470,000270,000 40,000 334,290 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 1,144,290 273,290 $ 2,650,060 $ 284,710 he year ended December 31, 2019, using the indirect method. (Use parentheses or a minus sign Wilderness Company ment of Cash Flows ed December 31, 2019 S 506,000 Pro o Net Cash ties: More Info 1. The income statement for 2019 included the following items: Tota a. Net income, $506,000 b. Depreciation expense for the year, $29,540 c. Amortization on the bonds payable, $200. Curn 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock 3. The company issued bonds payable with a face value of $900,000, receiving cash of $898,000 4. The company distributed 10,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing Long activity because it does not relate to operations Print Done Activities (920,000) Total L Payable on Stock ge Payable Paid-Ir 200000 570,000 31, 2019 $506,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 29.540 4,000 Decrease in Accounts Reoeivable Increase in Merchandise Inventory Decrease in Office Supplies Decrease in Prepaid Rent Increase in Accounts Payable Increase in Utilities Payable Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Uneamed Revenue Increase in Short-term Investments ,400 2,550 on the bonds payable, $200. 2. There were no during the year. All acquisitions of PP&E were for cash except the land, which was acquired by cash of $898,000. 4. The company distributed 10,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. Net Cash Provided by (Used for) Operating Activities Cash Flows From Investing Activities: 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notos payable in 2019 is considered a financing activity because it does not relate to operations Cash Payment for Acquisition of Plant Assets (920,000 Print Done Not Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Bonds Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Mortgage Payable Cash Payment of Dividends Cash Receipt from Issuance of Notes Payable 570,000 Data Table x Question Help Wonder Wilderness Company Comparative Balance Sheet December 31, 2019 and 2018 e box emp 2019 2018 Assets Current Assets Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent $ 1,150,310 $4,350 34,000 2,9006,900 600 30 300 0 1,400 Property, Plant, and Equipment: Land Building Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E 365,000 65,000 945,000 195,000 12,960 12,960 170,000 (30,740)(1,200) Total Assets S 2,650,060$ 284,710 Liabilities Current Liabilities: Accounts Payable Ubilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue S 4,790 $ 2,240 610 260 850 350 3,7001,500 400 500 100 250 Long-Term Liabilities Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 6,720 6,720 900,000 (1,800) 1,505,770 Total Liabilities 11,420 Stockholders Equity Paid-In Capital: Preferred Stock 200,000 Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent s 1,150,310 s 4,350 e box emp 34,000 2,900 6,900 30 300 1,400 Property, Plant, and Equipment 365,000 65,000 945,000 195,000 2,960 12,960 Building Office Furniture and Equipment 170,000 (30.740) (1,.200) $2,650,060$ 284,710 Accumulated Depreciation-PP Total Assets Liabilities Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable $ 4,790 s 2,240 610260 850 350 3,700 1,500 400 100 500 250 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 8,7206,720 900,000 (1,800) Total Liabilities 1,505,770 11,420 Stockholders' Equity Paid-In Capital Preferred Stock Pald-In Capital in Excess of Par-Preferred Common Stock 200,000 100,000 470,000 270,000 40,000 334,290 3,290 Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders' Equity 1,144,290273,20 $ 2,650,060 $ 284,710 Print Done Hethod. (Use Wonder Wilderness Company Statement of Cash Flows Year Ended December 31, 2019 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities $ 506,000 $29,540 Amortization Expense Decrease in Accounts Receivable Increase in Merchandise Inventory Decrease in Office Supplies Decrease in Prepaid Rent Increase in Accounts Payable Increase in Utilities Payable Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Unearned Revenue Increase in Short-term Investments 4,000More Info (600) 1,400 1. The income statemen a. Net income, $506, b. Depreciation expen c. Amortization on the 2. There were no disposa acquisitions of PP&Ew issuing preferred stock 3. The company issued bo cash of $898,000. 4. The company distributed when the market value w (34,000) Net Cash Provided by (Used for) Operating Activities Cash Flows From Investing Activities 5. The common stock, exce 6. The cash receipt from the activity because it does no Cash Payment for Acquisition of Plant Assets (920,000) Net Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Bonds Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Mortgage Payable Cash Payment of Dividends 200000 570,000 (15000) Cash Receipt from Issuance of Notes Payable Net Cash Provided by (Used for) Financing Activities Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent $ 1,150,310 $ 4,350 34,000 2,900 600 30 6,900 300 0 1,400 Property, Plant, and Equipment: 365,00065,000 945,000195,000 12,960 Building 12,960 170,000 (30,740) (1200 Office Furniture and Equipment Accumulated Depreciation PP&E Total Assets S 2,650,060 $ 284,710 Liabilities Current Liabilities Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable e year. All $4,790 $ 2,240 uired by receiving k dividend 610 850 350 3,7001,500 20,000 ere paid in 400 100 500 250 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 6,720 6,720 570,000 900,000 (1,800) Total Liabilities 1,505,77011,420 Stockholders' Equity Paid-In Capital: Preferred Stock Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common 100,000 470,000270,000 40,000 334,290 Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 1,144,290 273,290 $ 2,650,060 $ 284,710 he year ended December 31, 2019, using the indirect method. (Use parentheses or a minus sign Wilderness Company ment of Cash Flows ed December 31, 2019 S 506,000 Pro o Net Cash ties: More Info 1. The income statement for 2019 included the following items: Tota a. Net income, $506,000 b. Depreciation expense for the year, $29,540 c. Amortization on the bonds payable, $200. Curn 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock 3. The company issued bonds payable with a face value of $900,000, receiving cash of $898,000 4. The company distributed 10,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2019 is considered a financing Long activity because it does not relate to operations Print Done Activities (920,000) Total L Payable on Stock ge Payable Paid-Ir 200000 570,000 31, 2019 $506,000 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense 29.540 4,000 Decrease in Accounts Reoeivable Increase in Merchandise Inventory Decrease in Office Supplies Decrease in Prepaid Rent Increase in Accounts Payable Increase in Utilities Payable Increase in Telephone Payable Increase in Wages Payable Increase in Interest Payable Increase in Uneamed Revenue Increase in Short-term Investments ,400 2,550 on the bonds payable, $200. 2. There were no during the year. All acquisitions of PP&E were for cash except the land, which was acquired by cash of $898,000. 4. The company distributed 10,000 shares of common stock in a stock dividend when the market value was $15.00 per share. All other dividends were paid in cash. Net Cash Provided by (Used for) Operating Activities Cash Flows From Investing Activities: 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notos payable in 2019 is considered a financing activity because it does not relate to operations Cash Payment for Acquisition of Plant Assets (920,000 Print Done Not Cash Provided by (Used for) Investing Activities Cash Flows From Financing Activities: Cash Receipt from Issuance of Bonds Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Mortgage Payable Cash Payment of Dividends Cash Receipt from Issuance of Notes Payable 570,000 Data Table x Question Help Wonder Wilderness Company Comparative Balance Sheet December 31, 2019 and 2018 e box emp 2019 2018 Assets Current Assets Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent $ 1,150,310 $4,350 34,000 2,9006,900 600 30 300 0 1,400 Property, Plant, and Equipment: Land Building Canoes Office Furniture and Equipment Accumulated Depreciation-PP&E 365,000 65,000 945,000 195,000 12,960 12,960 170,000 (30,740)(1,200) Total Assets S 2,650,060$ 284,710 Liabilities Current Liabilities: Accounts Payable Ubilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable Unearned Revenue S 4,790 $ 2,240 610 260 850 350 3,7001,500 400 500 100 250 Long-Term Liabilities Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 6,720 6,720 900,000 (1,800) 1,505,770 Total Liabilities 11,420 Stockholders Equity Paid-In Capital: Preferred Stock 200,000 Cash Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent s 1,150,310 s 4,350 e box emp 34,000 2,900 6,900 30 300 1,400 Property, Plant, and Equipment 365,000 65,000 945,000 195,000 2,960 12,960 Building Office Furniture and Equipment 170,000 (30.740) (1,.200) $2,650,060$ 284,710 Accumulated Depreciation-PP Total Assets Liabilities Current Liabilities: Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable $ 4,790 s 2,240 610260 850 350 3,700 1,500 400 100 500 250 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable Discount on Bonds Payable 8,7206,720 900,000 (1,800) Total Liabilities 1,505,770 11,420 Stockholders' Equity Paid-In Capital Preferred Stock Pald-In Capital in Excess of Par-Preferred Common Stock 200,000 100,000 470,000 270,000 40,000 334,290 3,290 Retained Earnings Total Stockholders Equity Total Liabilities and Stockholders' Equity 1,144,290273,20 $ 2,650,060 $ 284,710 Print Done