Instructions The comparative balance sheet of Iglesias Inc for December 31, 2073 and 2012. is shown as follows: Dec 31, 2013 Dec 31, 2012 1 Assets Cash $185.00000 $180,000.00 480.000.00 Accounts receivable (net) 50,000.00 Inventories 900,000.00 924.000.00 0.00 Investments 120,000.00 Land 0.00 140.000.00 Equipment Accumulated depreciation equipment 600,000.00 1.580,000.00 (720,000.00 55.210,000.00 (500.000,00 10 $2.520,000.00 Total assets Labiuties and Stockholders'Equity 11 12 Accounts payable S408.000.00 5550.000.00 instructions 15 Accrued expenses payable 54,000.00 60,000.00 36,000.00 340,000.00 * Dividends payable 15 Conmon stock, 54 par 15 Excess of paid in capital over par 1 Retained earnings Total abilities and stockholders equity 240.000.00 50,000.00 720.000.00 210,000.00 1.140,000.00 $2,520,000.00 1632.000.00 $3.210,000.00 18 Additional data obtained from an examination of the accounts in the lodget for 2013 are as follows: a. The investments were sold for $210,000 cash. b. Equipment and land were acquired for cash. There were no disposals of equipment during the year d. The common stock was issued for cash e. There was a $600,000 credit to Retnined Earnings for net income There was a $100.000 debt to Retained Earings for cash dividends declared ow.com/ilm/take Assignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator eBook Print Item Show Me How Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Labels and Amount Descriptions Labels December 31, 20Y3 For the Year Ended December 31, 2013 Amount Descriptions Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Cash received from issuing common stock Cash dividends Decrease in accounts payable Decrease in accounts receivable Decrease in accrued expenses payable Decrease in inventories Depreciation Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Check My Work All work saved. From "Boyz Nt....docx Covid-19 And V....docx Covid-19 And V....docx Statement of Cash Flows Instructions Labels and Amount Descriptions Statement of Cash Flows Labels and Amount Descriptions Decrease in inventories Depreciation Gain on sale of investments Increase in accounts payable Increase in accounts receivable Increase in accrued expenses payable Increase in inventories Loss on sale of investments Net increase in cash Net decrease in cash Net cash flows from operating activities Net cash flows used for operating activities Net cash flows from investing activities Net cash flows used for investing activities Net cash flows from financing activities Net cash flows used for financing activities Net income 16 (630,000.00) $150,000.00 (36,000.00) 19 Net cash flows used for investing activities 13 Cash flows from (used for) financing activities: 15 Cash received from issuing common stock Cash dividends 20 Net cash flows from financing activities 21 Net increase in cash 22 Cash balance, January 1, 2073 Cash balance, December 31, 2043 42,000.00 $6,000.00 180,000.00 $186,000.00
