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please fill out the missing boxes with the right information please The comparative balance sheets of Oriole Inc at the beginning and the end of
please fill out the missing boxes with the right information please
The comparative balance sheets of Oriole Inc at the beginning and the end of the year 2020 are as follows. ORIOLE INC. BALANCE SHEETS Dec 31, 2020 Jan. 1.2020 Inc./Dec. Assets Cash $ 46,130 $ 14,130 $32,000 Inc Accounts receivable 94,430 90,300 4,130 Inc. Equipment 42,430 24,300 18,130 Inc. Less: Accumulated Depreciation Equipment 20,430 11,000 9,430 Inc. Total $162,560 $117.730 Liabilities and Stockholders' Equity Accounts payable $ 23,430 $ 17,300 6,130 Inc. Common stock 101,130 82.300 18,830 Inc. Retained earnings 38,000 18.130 19.870 Inc Total $162.560 $117.730 Net income of $47,430 was reported and dividends of $27,560 were paid in 2020. New equipment was purchased and none was sold. Prepare a statement of cash flows for the year 2020. (Show amounts that decrease cash flow with ether a-signes. -15,000 or in parenthesis es. (15,0001) ORIOLE INC Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Accounts Receivable Increase in Accounts Payable v Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment Cash Flows from Financing Activities . Depreciation Expense Increase in Accounts Receivable Increase in Accounts Payable Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Equipment V Cash Flows from Financing Activities Payment of Cash Dividends v Issuance of Common Stock Net Cash Used by Financing Activities Net Increase in Cash Cash at Beginning of Year Cash at End of Year Step by Step Solution
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