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hi dr plz 100% i have now 30m The following comparative balance sheet is given for Estern Co Dec 31, 2020 Dec 31, 2021 Assets
hi dr plz 100% i have now 30m
The following comparative balance sheet is given for Estern Co Dec 31, 2020 Dec 31, 2021 Assets $58,500 $351,000 Cash 63,000 72,000 Notes Receivable 121,500 81,000 Supplies & Inventory Prepaid expense 54,000 31,500 81,000 0 Long-term investments 000, 144 166,500 Machines and tools (45,000) (63,000) Accumulated depreciation-equipment Total Assets $477,000 $639,000 Liabilities & Stockholders' Equity 31,500 $ 76,500 $ Accounts payable 211,500 166,500 Bonds payable (long-term) 103,500 180,000 Common Stock 130,500 216,000 Retained Earnings $477,000 639,000 $ Total Liabilities & Stockholders' Equity :Income Statement Information (2021) Net income for the year ending December 31, 2021 is $130,500.1 Depreciation expense is $18,000.2 There is a loss of $9,000 resulted from the sale of long-term investment 3 :Additional information (2021) All sales and purchases of inventory are on account (or credit) .1 e sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss.2. Kitund Kaming 30, DUKE SAZZ,000 210.000 639.000 $ Total Liabilities & Stockdiolder Ety Income Statement Information (2021) Net income for the year ending December 31, 2021 is $130,500 1 Depreciation expense is $18,000 3 There is a loss of $9,000 resulted from the sale of long term nvestme Additional information (2011) All sales and purchases of inventory are on account (or credi Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9.000 2 Cash dividends paid is $45.000 E The company purchased new machines and tools for $22.500 ch Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2011 (PLEASE PROVIDE EACH AMOUNT/ITEM IN A SEPARATE LINE) (Macaill) ALT+FN+F10 (all) ALT+F10 Step by Step Solution
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