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please answer asap! thank you! iew Policies Current Attempt in Progress Alex Company reported the following information for 2020. Alex Company Comparative Balance Sheets December
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"iew Policies Current Attempt in Progress Alex Company reported the following information for 2020. Alex Company Comparative Balance Sheets December 31 Change Assets 2020 2019 Increase/Decrease Cash $61,000 $33,000 $28.000 Increase Accounts receivable 65.000 23.000 42,000 Increase Inventory 47.000 -O- 47,000 Increase Prepaid expenses 6,000 4,000 2,000 Increase Land 55.000 75.000 20,000 Decrease Buildings 210.000 210.000 -O- Accumulated depreciation-buildings (24,000) (16,000) 8,000 Increase Equipment 188,000 65.000 123,000 Increase Accumulated depreciation-equipment (29.000) (10.180) 18,820 Increase Totals $579,000 $383,820 Liabilities and Stockholders' Equity Accounts payable Accrued expenses payable Bonds payable Common stock ($1 par) Retained earnings Totals $44,000 $39,000 $5,000 Increase -O- 10,000 10,000 Decrease 99.000 145,000 46,000 Decrease 237,000 64,000 173,000 Increase 199,000 125,820 73,180 Increase $579,000 $383,820 Alex Company Income Statement For the Year Ended December 31, 2020 Sales revenue $908,000 Cost of goods sold $439,000 Operating expenses 212,000 Interesten 1100 Macromedia Flash. MatXL Browser Ch. Math. My NDC Login U um boek U igher Reach Income Statement For the Year Ended December 31, 2020 Sales revenue $908,000 Cost of goods sold $439.000 Operating expenses 212.000 Interest expense 11,000 Loss on disposal of plant assets 2.000 664,000 Income before income taxes 244,000 Income tax expense 61,000 Net income $183,000 Additional information: 1. Operating expenses include depreciation expense of $40,820. 2. Land was sold at its book value for cash. 3. Cash dividends of $109.820 were declared and paid in 2020 4. Equipment with a cost of $178,000 was purchased for cash. Equipment with a cost of $55,000 and a book value of $41,000 was sold for $39.000 cash. 5. Bonds of $46,000 were redeemed at their face value for cash. 6. Common stock ($1 par) of $173,000 was issued for cash. Use this information to Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a-signes -15.000 or in ALEX COMPANY Statement of Cash Flows-Indirect Method Adjustments to reconcile et income to Use this information to Prepare a statement of cash flows using the indirect method. (Show amounts that de ALEX COMPANY Statement of Cash Flows-Indirect Method Adjustments to reconcile net income to eTextbook and Media
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