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Please help me add the answers correctly into this chart. PR 13-2B Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance

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PR 13-2B Statement of cash flows-indirect method Obj. 2, 3, 4, 5 The comparative balance sheet of Harris Industries Inc, at December 31, 20Y4 and 2043, is as follows: Dec. 31, 20Y4 Dec 31, 2093 1 Cash ........ Accounts receivable (net).. Inventories Prepaid expenses ..... Land ......... Buildings ........ Accumulated depreciation-buildings. Machinery and equipment...... Accumulated depreciation-machinery and equipment.. Patents Total assets .... $ 443,240 665,280 887,880 31,640 302,400 1,713,600 (466,200) 781,200 (214,200) 106,960 $4,251,800 $360,920 592,200 ,022,560 25,200 302,400 1,134,000 (414,540) 781,200 (191,520) 112,000 $3,724,420 (Continued) Liabilities and Stockholders' Equity Accounts payable (merchandise creditors). Dividends payable........ le......................................... Salaries payable...... Mortgage note payable, due in nine years.... Bonds payable ..... Common stock, $5 par.... Paid-in capital in excess of par-common stock .. Retained earnings...... Total liabilities and stockholders' equity...... $ 837,480 32,760 78,960 224,000 $ 927,080 25,200 87,080 200,400 366,000 2,512,200 $4,251,800 390,000 50,400 126,000 2,118,660 $3,724,420 An examination of the income statement and the accounting records revealed the following additional information applicable to 2014: a. Net income, $524,580. b. Depreciation expense reported on the income statement: buildings. $51,660; machinery and equipment, $22,680. c. Patent amortization reported on the income statement, $5,040. d. A building was constructed for $579,600. e. A mortgage note for $224,000 was issued for cash. f 30,000 shares of common stock were issued at $13 in exchange for the bonds payable. g. Cash dividends declared, $131,040. Instructions Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Harris Industries Inc. Statement of Cash Flows For the Year Ended December 31, 2044 Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Patent amortization Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for) investing activities Net cash flow used for investing activities Cash flows from (used for) investing activities: Net cash flow used for investing activities Cash flows from (used for financing activities: Net cash flow from financing activities Net increase (decrease) in cash Cash balance, January 1, 2044 Cash balance, December 31, 2044 Schedule of Noncash Financing and Investing Activities Issuance of common stock to retire bonds 2 Statement of Cash Flows Worksheet 3 For the Year Ended December 31, 2074 Accounts receivable (net) Prepaid Expenses Inventories Buildings ON Balance Prior year Balance Current year Change ag=anon 9 Operating activities: Net income Depreciation Patent amortization Gain on sale of investments Increase in accounts receivable Decrease in inventories Increase in prepaid expenses Decrease in accounts payable Decrease in salaries payable 19 Investing activities: Cash paid for construction 21 Financing activities: Cash from issuance of note Cash paid for dividends 24 Non-cash transactions 26 Net change 28 Difference SOC Worksheet Nopo RST Accum depe- buildings Mortgage Note Paid in capital in excess of depe Salaries Retained Common stock 55 par must be Buildings Equipment equipment Accounts payable Patents Dividends payable Bonds Payable . UR

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