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I attached all of the information to a question regarding my accounting homework. Please fill out the answers for me. I do not have enough
I attached all of the information to a question regarding my accounting homework. Please fill out the answers for me. I do not have enough time to finish.
Here are comparative balance sheets for Vanity Company. Prepare a statement of cash flows for 2014 using the indirect method. Vanity Company Comparative Balance Sheets December 31 Assets 2014 Cash $ 63,000 Accounts receivable 85,000 Inventory 170,000 Land 75,000 Equipment 270,000 Accumulated depreciationequipment (66,000) Total $597,000 Liabilities and Stockholders' Equity Accounts payable $ 39,000 Bonds payable 150,000 Common stock ($1 par) 216,000 Retained earnings 192,000 Total $597,000 2013 $ 22,000 76,000 189,000 100,000 200,000 (32,000) $555,000 $ 47,000 200,000 174,000 134,000 $555,000 Additional information: 1. Net income for 2014 was $93,000. 2. Cash dividends of $35,000 were declared and paid. 3. Bonds payable amounting to $50,000 were redeemed for cash $50,000. 4. Common stock was issued for $42,000 cash. 5. No equipment was sold during 2014, but land was sold at cost. Vanity Corporation Statement of Cash Flows For the Year Ended December 31, 2014Step by Step Solution
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