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Martinez Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82.000) $ 236,250 Current liabilities $ 151,250 Land 32,200
Martinez Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82.000) $ 236,250 Current liabilities $ 151,250 Land 32,200 Bonds payable 101.250 Buildings 121.250 Common stock 182200 Equipment 92,200 Retained earnings 46.200 Accum.depr-buildings (31,250) Total $ 480,900 Accum depr-equipment (11.000) Patents 41.250 Total $ 480,900 The following information is available for 2020. 1 2. 3. 4. . Net income was $ 50,870. Equipment (cost $ 21.250 and accumulated depreciation $ 9.250) was sold for $11.250. Depreciation expense was $5.250 on the building and S 10.250 on equipment Patent amortization was $ 2,500. Current assets other than cash increased by $29.000. Current liabilities increased by $14.250. An addition to the building was completed at a cost of $ 28,250 Along-term investment in stock was purchased for $ 16,000. Bonds payable of $ 52.200 were issued Cash dividends of $ 30.000 were declared and paid Treasury stock was purchased at a cost of $ 11000 6. 7. 8. 9. 10. Prepare a statement of carn TowSTO 202Lhowemuine mare Two 150rmpare (15.0001) MARTINEZ CORPORATION Statement of Cash Flows Adjustments to recondile net income to > > Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities:) List Properti Pla Equipment in order of Land, Building and Equipment) MARTINEZ CORPORATION Balance Sheet Assets $
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