If someone could help with this problem, it would be greatly appreciated!
The comparative balance sheet of Lilvers Inc. for December 31, 2013 and 20Y2, is shown as follows: Dec 31, 2045 Dec 31, 2012 2 Assets 3 Esh $155,000.00 $150,000.00 + Accounts receivable (net) De 450.000.00 400,000.00 5 Inventories 770,000.00 750.000.00 & Investments 0.00 100,000.00 2 Land 500,000.00 0.00 Equipment 1.400,000.00 1.200,000.00 Accumulated depreciation equipment (600.000.00) (500.000,00) 10 Total assets $2,675.000.00 526100,000.00 11 Labilities and Stockholders' Equity $340,000.00 $300,000.00 Acounts payable merchandise creditors Accrued expenas cuyable operating expenses) 45.000,00 50,000.00 14 Dividends payable 30,000.00 25.000.00 Commons 700.000.00 600.000.00 16 Padrin capital sopar common stock 200.000,00 175.000.00 Retained eaming 1.560.000.00 950.000.00 11 Total abilities and stockholders' equity 52.675,000.00 $2.100,000.00 Check My Work All work save Additional data obtained from an examination of the accounts in the ledger for 20Y3 are as follows: a. The investments were sold for $175,000 cash. b. Equipment and land were acquired for cash c. There were no disposals oi equipment during the year d. The common stock was issued for cash. e. There was a $500,000 credit to Retained Earnings for net income. f. There was a $90,000 debit to Retained Earnings for cash dividends declared. Labels and Amount Descriptions Cash paid for dividends Cash pald for merchandise Cash paid for purchase of equipment Cash paid for purchase of land Cash received from customers Cash received from sale of common stock Cash received from sale of investments December 31, 2013 Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation For the Year Ended December 31, 2013 Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in cash Increase in inventories Loss on sale of investments Net cash flow from operating activities Not cash flow used for operating activities Net cash flow from investing activities Net cash flow used for investing activities Net cash flow from financing activities Not cash now used for financing activities Not decrease in cash Net income Not increase in cash Statement of Cash Flores Label Cash flows from used for operating activities Adjustments to reconcile net income to net cash flow from operating a libes 6 Changes in current operating assets and liabilities: 9 10 11 12 13 Cash flows from (used for) investing activities 14 15 16 10 Cash flows from used for financing activities: 11 22 21 Cash balance. January 1, 2013) 25 Cash balance, December 31.2013
