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Please, I need answer for everything. Thank youuuu. The comparative balance sheets for Beneteau Company appear below: BENETEAU CORPORATION Comparative Balance Sheet 2020 2019 Assets
Please, I need answer for everything. Thank youuuu.
The comparative balance sheets for Beneteau Company appear below: BENETEAU CORPORATION Comparative Balance Sheet 2020 2019 Assets Cash $37.000 $31,000 Accounts receivable Inet) 80,000 60,000 22.000 Prepaid insurance Land 17.000 18,000 40,000 Equipment 67.000 60.000 Accumulated depreciation (17.000) (13.000) Total assets 5207.000 $195,000 Liabilities and Stockholder's Equity $12.000 $6,000 Accounts payable Bonds payable Common stock 27.000 19.000 140,000 115,000 Retained in 28.000 55.000 Total liabilities and stockholder's equity $207,000 $195.000 1 2. Additional information: Netloss for 2020 is $12,000. Net sales for 2020 are $250,000 Land was sold for cash at a loss of $2,000. This was the only land transaction during the year, 3 Equipment with a cost of $15,000 and accumulated depreciation of $10,000 was sold for $5,000 cash, The company issued and retired bonds in the current year. Retirement of bonds was $12,000 Equipment was purchased for $22,000 6. Stock was issued for $25,000 4. 5. Prepare a statement of cash flows for the year ended December 31, 2020, using the Indirect method, (Show amounts that decrease cash flow with either a sign e.3. 15,000 or in parenthesis e.s. (15.000). If answer is zero please enter O, do not leave any helds blank.) BENETEAU CORPORATION Statement of Cash Flows $ Adjustments to reconcile net income to $ Step by Step Solution
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