please help me prepare a statement of cash flows, and a unclassified balance sheet for the balance sheet.
thank you
Bridgeport Inc. had the following balance sheet at December 31, 2019. Cash BRIDGEPORT INC. BALANCE SHEET DECEMBER 31, 2019 $21,840 Accounts payable 23,040 Notes payable (long-term) 33,840 Common stock 81,000 Retained earnings $31,840 Accounts receivable 42,840 Investments 101,840 Plant assets (net) 25,040 Land 41,840 $201.560 $201.560 During 2020, the following occurred. 1. 2. 3. 4. Bridgeport Inc. sold part of its debt investment portfolio for $15,331. This transaction resulted in a gain of $3,731 for the firm. The company classifies these investments as available-for-sale. Atract of land was purchased for $14,840 cash. Long-term notes payable in the amount of $16,331 were retired before maturity by paying $16,331 cash. An additional $20,331 in common stock was issued at par. Dividends of $8,531 were declared and paid to stockholders. Net income for 2020 was $33,840 after allowing for depreciation of $11,331 Land was purchased through the issuance of $36,840 in bonds. At December 31, 2020, Cash was $38,840. Accounts Receivable was $43,440, and Accounts Payable remained at $31.840. 5. 6. 7. 8 Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 parenthesis e.g. (15,000).) BRIDGEPORT 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 Gain on Sale of Investments Payment of Cash Dividends UNI NE Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Land ME Gain on Sale of Investments LIVI Purchase of Land Gain on Sale of Investments Net Cash Provided by Investing Activities II. UNE Cash Flows from Financing Activities Retirement of Notes Payable Issuance of Common Stock Payment of Cash Dividends Net Cash Provided by Financing Activities Net Decrease in Cash Cash at Beginning of Year Cash at End of Year Noncashirwesting and Financing Activities Land purchased through issuance of $ of bonds Prepare an unclassified balance sheet as it would appear at December 31, 2020. (List Assets in order of liquidity.) BRIDGEPORT INC. Balance Sheet December 31, 2020 Assets Land Plant Assets Liabilities and Stockholders' Equity $ Accrued Liabilities Bonds Pavable Commons stined in Liabilities and Stockholders' Equity Accrued Liabilities $ Bonds Payable Common Stock Retained Earnings $ eTextbook and Media List of Accounts * Your answer is incorrect. Compute two cash flow ratios. (Round ratios to 2 decimal places, e.g. 0.62.) Current cash debt coverage ratio :1 Cash debt coverage ratio .1
