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please answer for financing activites Dowwell Corporation Balance Sheets December 31, 2000 December 31, 20X1 $127.000 S430.000 S675.000 $450,000 $1,200.000 15240.000 $2.83.7.000 $328,000 $280,000 $506,000

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image text in transcribedplease answer for financing activites
Dowwell Corporation Balance Sheets December 31, 2000 December 31, 20X1 $127.000 S430.000 S675.000 $450,000 $1,200.000 15240.000 $2.83.7.000 $328,000 $280,000 $506,000 $400.000 $1,200,000 52.514,000 ASSETS Cash Accounts Receivable Inventories Land Plant & Equipment Less: Accumulated Depreciation Total Assets LABUTES Accounts Payable Accrued Wages Interest Payable Income Tax Payable Long-term Debt Total LabWtes STOCKHOLDERS' EQUITY Common Stock Retained Earnings Total Stockholders' Equity Total Liabilities and Equity $650,000 $525.000 $1.000 $7,000 $260,000 $1,450,000 $500.000 $490.000 $15,000 $19,000 $350,000 $1,384,000 S000 $495,000 $1,382,000 $2,832,000 $260.000 $370.000 $1,130,000 $2,514,000 $1.500.000 $1.520,000 Bowwell Corporation Income Statement For the year ended December 31, 2002 Sales Gain on the sale of Land Total Revenue and Goins Expenses Cost of Goods Sold Wages Expense Depreciation Expense Interest Expense Miscellaneous Total Expenses Income Before Income Taxes Income Tax Expense Net Income $660,000 $350,000 $40.000 $35.000 $15.000 $1.130.000 $390,000 $200,000 $190,000 Additional information for the year 20X2: a) On January 11, 20X2, Boxwell purchased land for $145,000 cash. Boxwell also sold some land for cash. b) On February 8, 20x2, Boxwell issued 8,400 shares of common stock for cash. The stock was issued at $15/share. No common stock was repurchased. c) On July 1, 20X2, Boxwell declared and paid a cash dividend. d) Some long-term debt was paid off with cash. No new long-term debt was issued. e) No cash sales are made to customers ie, all sales are on account) Accounts Payable solely relates to purchases of inventory. All inventory purchases are made on account 8) Wages expense, interest Expense, and Income Tax Expense are not cash expenses (le, they are accrued) h) Miscellaneous expenses are cash expenses that relate to reimbursements for client entertainment and employee travel. i) No equipment was sold or purchased. 4. Prepare a cash flow statement for 20x2. Use the direct method for the operating activities section points) Cash Flows from Operating Activities: Net Cash Flows from Operating Activities Cash Flows from Investing Activities: Net Cash Flows from Investing Activities Cash Flows from Financing Activities: Net Cash Flows from Financing Activities Net Change in Cash Cash, December 31, 20X1 Cash, December 31, 20X2

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