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Molten, Inc. begon Year 2 with $45,500 in both cash and common stock. The company engaged in the following investment transactions during Year 2: 1.
Molten, Inc. begon Year 2 with $45,500 in both cash and common stock. The company engaged in the following investment transactions during Year 2: 1. Purchased $23,000 of marketable investment securities. 2 Eamed $800 cash from investment revenue. 3. Sold investment securities for $15,200 that cost $14,440. 4. Purchased $9,000 of additional marketable investment securities 5. Determined that the investment securities had a fair value of $22,828 at the end of Year 2 Required Use o vertical statements model to prepare income statements, balance sheets, and statements of cash flow for Molten, Inc., assuming the securities were (6) held to maturity. (b) trading, and (c) available for sale. (Statement of Cash Flows only: Items to be deducted and cash outflows must be indicated with a minus sign.) MOLTEN, INC. Financial Statements For Year Ending Year 2 Held-to- Trading Maturity Clasaltled 88: Avaliable-for- Sale Income Statements Net Income Balance Sheet Assets Total assets Stockholders equity Total stockholders equity Statements of Cash Flows Cash flows from operating activities Net cash flow from operating activities Cash flows from investing activities Nel cash flow from investing activities Cash flows from financing activities: Net cash flow from financing activities Net change in cash Ending cash balance
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