Jose Corporation had the following transactions pertaining to debt instruments. Jan, 1 Purchased 70 Meierhoff Co.5%, $1,000 bonds for $70,000 cash. Interest is payable semiannually on July 1 and January 1. July 1 Received semiannual interest on Meierhoff Co. bonds. July 1 Sold 30 Meierhoff Co. bonds for $33,500. The transactions. Prepare the adjusting entry for the annual of interest at December 31. Kiney Company purchased 50 store Company 12%. 10-year, $1,000 bonds on January 1, 2014, for $50,000. The bonds pay interest semiannually. ON January 1, 2015, after receipt of interest, Kiney Company sold 30 of the bonds for $28,100. Prepare the journal entries to record the transactions described above. Overbay Corporation had the following transactions. Sold land (cost $12,000) for $16,000. Issued common stock for $25,000. Recorded depreciation of $20,000. Paid salaries of $12,000. Issued 1,000 shares of par value common stock for equipment worth $12,000. Sold equipment (cost $10,000, accumulated depreciation $7,000) for $2,000. For each transaction above the journal entry, and (b) indicates how it would affect the statement of cash flows. Assume the indirect method. Napoli Company reported net income of $155,000 for 2014. Napoli also reported depreciation expense of $25,000 and a loss of $5,000 on the sale of equipment. The comparative balance sheet shows a decrease in accounts receivable of $10,000 for the year, a $12,000 increase in accounts payble, and a $4,000 decrease in prepaid expenses. Prepare the operating activities section of the statements of each flows for 2014. Use the indirect method