Please Answer All the Q 1-2-3-4

Problenm On June30, 2009, Arlington Company issued $1,500,000 of 10-year 8% bonds, dated June 30, for $1,540,000. Present entries to record the following transactions: 1. Arlington Company (1) Issuance of bonds. (2) Payment of first semiannual interest on December 31, 2009. Amortization by straight-line method of bond premium on December 31, 2009,. Prepare the journal entries for the following transactions for Batson Co. (a) (b) 2. Batson Co. purchased 1,200 shares of the total of 100,000 shares of Michael Corp. stock for $20.75 per share plus a $70 commission. Michael's total earnings for the period are $84,000. Michael paid a total of $40,000 in cash dividends. (c) The net income reported on an income statement for the current year was fixed assets for the year was $24,000. Balances of the current asset an $63,000. Depreciation recorded on d current liability accounts at the end statement of cash flows using the indirect method. isted below. Prepare the cash flows from operating activities section of a Cash Accounts receivable (net) Inventories Prepaid expenses Accounts payable End Beginning 70,000 57,000 102,000 4,500 7 $65,000 70,000 86,000 4,000 (merchandise creditors) Cash dividends payable Salaries payable 51,000 4,500 6,000 58,000 6,500 7,500 t. The following items were taken from the financial statements of Stanton, Inc., over a three-year period: Iten 2009 $335,000 Net Sales Cost of Goods Sold225,000205,000 Gross Profit $360,000 $300,000 130,000 Compute the following for each of the above time periods. e amount and percentage change from 2009 to 2010. The amount and percentage change from 2008 to 2009. b