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LUULDU ADA DI Normal No Spacing HALLUI Aabbed Heng 2 Tel. Heading 1 up-to-date with security updates, fores, and improvements, choose Check for Updates. 2.
LUULDU ADA DI Normal No Spacing HALLUI Aabbed Heng 2 Tel. Heading 1 up-to-date with security updates, fores, and improvements, choose Check for Updates. 2. The following is a comparative balance sheet of Bear Corporation for December 31, 2019 and 2018: .. ..... December 31 Cash and cash equivalents 2019 2018 $ 350,000 $ 320,000 Accounts receivable 327,600 356,000 Inventories 822,000 780,000 Available-for-sale securities 0 200,000 Equipment ... 2,400,000 2,040,000 Accumulated depreciation (700,000) (760,000) $199,600 $2,936.000 Accounts payable ... $ 459,000 s 381.000 Bonds payable, due 2025 400,000 Common stock, $20 par 1,800,000 1,600,000 Paid-in capital in excess of par 280,000 200,000 Retained earnings 660,600 355,000 $3,099.600 $2,836,000 I Additional information: (a) Net income for 2019, S545,600. (b) Depreciation reported on income statement, $140,000 (c) Fully depreciated equipment, no salvage value, was scrapped. Equipment was purchased for $560,000. (d) Bonds of $400,000 were retired at their face value. (e) 10,000 shares of common stock were issued for cash at $28 per share. (1) Cash dividends declared and paid, S240,000. 6) Available-for-sale securities with a book value of $200,000 were sold for $300,000 Prepare a statement of cash flows for Bear Corporation for 2019, using the indirect method. 403 000 A P W G 20
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