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I'm sorry for the bad pictures. I am having trouble find the correct items for the right sections to calculate the whole question. please help!!
I'm sorry for the bad pictures. I am having trouble find the correct items for the right sections to calculate the whole question. please help!! thank you!!
1. The income statement for 2025 included the following items: a. Net income, $462,000 b. Depreciation expense for the year, $24,660. c. Amortization on the bonds payable, $340. 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 $896,600. 4. The company distributed 1,000 shares of common stock in a stock dividend when the market value was $7.00 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 2025 is considered a financing activity because it does not relate to operations. Happy Camper Company Happy Camper Company Statement of Cash Flows Year Ended December 31, 2025 Cash Flows From Operating Activities: Net Income 462000 Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Increase in Interest Payable Increase in Unearned Revenue \begin{tabular}{|} \hline 350 \\ \hline 550 \\ \hline \end{tabular} Net Cash Provided by (Used for) Operating Activities Cash Flows From Investing Activities: Cash Payment for Acquisition of Plant Assets (1000000) Net Cash Provided by (Used for) Investing Activities (1000000) Cash Flows From Financing Activities: \begin{tabular}{l} \hline Cash Receipt from Issuance of Common Stock \\ \hline Cash Receipt from Issuance of Notes Payable \\ \hline Cash Receipt from Issuance of Bonds Payable \\ \hline Cash Receipt from Issuance of Mortgage Payable \\ \hline Cash Payment of Dividends \end{tabular} Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, Dec. 31, 2024 Cash Balance, Dec. 31, 2025 Non-cash Investing and Financing Activities: Acquisition of land by issuing preferred stock 720000
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