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its all 1 question really long LJU 1 INTERMEDI nd Time: 06:10 PM / Remaining: 276 min. ES Financial statements for Sunland Company are given
its all 1 question really long
LJU 1 INTERMEDI nd Time: 06:10 PM / Remaining: 276 min. ES Financial statements for Sunland Company are given below: $ 460000 Assets Cash Accounts receivable Buildings and equipment Accumulated depreciation- buildings and equipment Patents Sunland Company Balance Sheet January 1, 2021 Equities $ 966000 Accounts payable 863000 3650000 (1150000) Common stock 433000 Retained earnings $4762000 2760000 1542000 $4762000 Sunland Company Statement of Cash Flows For the Year Ended December 31, 2021 Increase (Decrease) in Cash $1190000 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Increase in accounts payable Depreciation--buildings and equipment Gain on sale of equipment Amortization of patents Net cash provided by operating activities $(381000) 195000 364000 (147000) 51000 82000 1272000 Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by investing activities 290000 (607000) (1148000) (1465000) (361000) 951000 Cash flows from financing activities Payment of cash dividend Sale of common stock Net cash provided by financing activities Net increase in cash Cash, January 1, 2021 Cash, December 31, 2021 590000 397000 966000 $1363000 Total assets on the balance sheet at December 31, 2021 are $6646000. Accumulated depreciation on the equipment sold was $336000. $1190000 operacny dluvites Net income Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable Increase in accounts payable Depreciation-buildings and equipment Gain on sale of equipment Amortization of patents Net cash provided by operating activities $(381000) 195000 364000 (147000) 51000 82000 1272000 Cash flows from investing activities Sale of equipment Purchase of land Purchase of buildings and equipment Net cash used by investing activities 290000 (607000) (1148000) (1465000) (361000) 951000 Cash flows from financing activities Payment of cash dividend Sale of common stock Net cash provided by financing activities Net increase in cash Cash, January 1, 2021 Cash, December 31, 2021 590000 397000 966000 $1363000 Total assets on the balance sheet at December 31, 2021 are $6646000. Accumulated depreciation on the equipment sold was $336000. The ac payable at December 31, 2021 were $265000. $655000. $195000. $893000 Click if you would like to Show Work for this question: Open Show Work
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