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please complete the full question on the same format if possible, and please do it as soon as possible Following is a partially completed balance
please complete the full question on the same format if possible, and please do it as soon as possible
Following is a partially completed balance sheet for Hoeman Inc. at December 31, 2020, together with comparative data for the year ended December 31, 2019. From the statement of cash flows for the year ended December 31, 2020. you determine the following: Net income for the year ended December 31, 2020, was $97.000 Dividends paid during the year ended December 31, 2020. were $65.500 Accounts receivable decreased $11,000 during the year ended December 31, 2020 The cost of new buildings acquired during 2020 was $130.500 No buildings were disposed of during 2020. The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2020, was $181.000 Required: a. Complete the December 31, 2020. balance sheet. (Hint Long-term debt is the last number to compute to make the balance sheet balance.) b. Prepare a statement of cash flows for the year ended December 31, 2020, using the indirect method Complete this question by entering your answers in the tabs below. Required Required B Complete the December 31, 2020, balance sheet Hint: Long-term debt is the last number to compute to make the balance HOEMAN INC. Comparative Balance Sheets At December 31, 2020 and 2019 2020 2019 $ 53,500 $ 160.000 1 Assets: Current assets Cash Accounts receivable Inventory Total current assets Land Buildings Less Accumulated depreciation Total land & buildings Total assets Liabilities: Current liabilites Accounts payable Note paya Total comentar 48.000 140.000 184.000 372 000 146.000 272,500 106.500) 312.000 684 000 125.500 $ 164 500 194 500 12700 32:1.500 ge Current assets: Cash $ 53,500 $ 160,000 $ 48,000 140,000 184,000 372,000 146,000 272,500 (106,500) 312,000 684,000 (125,500)| I $ $ Accounts receivable Inventory Total current assets Land Buildings Less: Accumulated depreciation Total land & buildings Total assets Liabilities: Current liabilities: Accounts payable Note payable Total current liabilities Long-term debt Stockholders' Equity Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders equity $ 164,500 330,000 194,500 127.000 321,500 137.500 $ S $ $ 50,500 $ 46,500 178.500 $ 225,000 S684.000 UD JIYI HOEMAN INC. Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from operating activities: Add (deduct) items not affecting cash: Cash flows from investing activities Cash flows from financing activities Cash flows from investing activities. Cash flows from financing activities Cash balance January 1 2020 Cash balance December 31 2020 Step by Step Solution
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