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Name: Date: E13-8 Here are comparative balance sheets for Taguchi Company TAGUCHI COMPANY Comparative Balance Sheets December 31 Assets 2011 2010 Accounts receivable Inventories Land
Name: Date: E13-8 Here are comparative balance sheets for Taguchi Company TAGUCHI COMPANY Comparative Balance Sheets December 31 Assets 2011 2010 Accounts receivable Inventories Land Equipment Accumulated depreciation $20,114 74,753 186,323 100,347 198,549 (65,41 (30,507) $73,075 85,821 169,789 72,820 258,087 Total $594,181 $549,579 Liabilities and Stockholders' Eg Accounts payable Bonds payable Common stock ($1 par) Retained earnings $40,234 146,400 215,000 192,547 5594,181 $46,383 204,800 172,000 126,396 5549,579 Total Additional information: 1. Net income for 2011 was $101,635 2. Cash dividends of $35,484 were declared and paid . Bonds payable amounting to $58,400 were redeemed for cash $58,400 4. Common stock was issued for $43,000 cash. 5. No equipment was sold during 2011, but land was sold at cost. Complete the statement of cash flows for 2011 using the indirect method. (List amc
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