please do problem 14-30 Statement of cash flows #1 and #2

Chapter 14 Statement of Cash Flows Required: Calculate the investing cash flows for the current year. VE 2 ple 14.5 Brief Exercise 14-29 Cash Flows from Financing Activities Roberts Company earned net income of $450,000 in 20X2. Roberts provided the following information: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 $ 192,500 Bonds payable Mortgage payable Common stock Paid-in capital in excess of par Retained earnings $ 50,000 187.500 190,000 912,500 187,500 190,000 1,162,500 Required: Compute the financing cash flows for the current year. TE 2 ble 14.6 Brief Exercise 14-30 Statement of Cash Flows Refer to the information provided in Brief Exercises 14-27, 14-28, and 14-29. Required: 1. Prepare a statement of cash flows for Roberts Company for 20X2. 2. What is the relationship between the statement of cash flows and the change in cash calculated in Brief Exercise 14-26? OBJECTIVE 2 Example 14.2 Required: OBJECTIVE 2 Example 14.3 statement for 20X2 During the year, Roberts Company sold equipment with a book value of $140,000 for $190,000 signal purchase cost of $240,000). New equipment was purchased. Roberts provided the following comparative balance sheets: Chapter 14 Statement of Cash Flows Brief Exercise 14-26 Change in Cash Roberts Company provided the following information: Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Cash $350,000 $565.000 1. Calculate the change in cash. 2. Explain the role of the change in cash flow in the statement of cash flows. Brief Exercise 14-27 Operating Cash Flows: Indirect Method Roberts Company provided the following partial comparative balance sheets and the income Roberts Company Comparative Balance Sheets At December 31, 20X1 and 20X2 20X1 20X2 Current assets: Accounts receivable $375.000 5291.250 Inventories 150.000 160,000 Current liabilities: Wages payable 350,000 257.500 Roberts Company Income Statement For the Year Ended December 31, 20X2 Revenues $1,500,000 Gain on sale of equipment 50,000 Cost of goods sold (960,000) Depreciation expense (135.000) Interest expense (5.000 Net income 450.000 Compute operating cash flows using the indirect method. Brief Exercise 14-28 Cash Flows from Investing Activities Roberts Company Comparative Balance Sheets Ar December 31, 20X1 and 20X2 20X1 20X2 Long-Term Assets: Plant and equipment $1.100.000 $1.075,000 (300,000) (635.000) Accumulated depreciation Land (500,000) (718.750) (Continued) Required: OBJECTIVE 2 Example 14.4