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Please Insert your answers in the excel template provided at bottom: Blue River Corporation's balance sheet and income statement information is as follows: begin{tabular}{|lrr|} hline
Please Insert your answers in the excel template provided at bottom:
Blue River Corporation's balance sheet and income statement information is as follows: \begin{tabular}{|lrr|} \hline Blue River Corporation & & \\ Comparative Balance Sheet data & & \\ December & & \\ & 2020 & 2019 \\ \hline Cash and cash equivalents & $1,000 & $800 \\ Accounts receivable, net & 4,500 & 3,100 \\ Merchandise inventory & 19,000 & 16,000 \\ Prepaid expenses & 700 & 600 \\ Investment in land & 10,000 & 12,000 \\ Land & 9,000 & 4,000 \\ Buildings & 60,000 & 60,000 \\ Accumulated depreciation, buildings & 38,000 & 36,000 \\ Equipment & 21,000 & 16,000 \\ Accumulated depreciation, equipment & 6,000 & 4,000 \\ Notes payable & 5,000 & 3,500 \\ Accounts payable & 9,000 & 10,000 \\ Other accrued liabilities & 5,300 & 4,200 \\ Interest payable & 400 & 300 \\ Taxes payable & 300 & 500 \\ Bonds payable, due in 2022 & 25,000 & 22,000 \\ Common shares & 16,000 & 14,000 \\ Retained earnings & 20,200 & 18,000 \\ \hline \end{tabular} Additional information obtained during 2020 : 1. Received $5,000 from the sale of the land investment that originally cost $2,000. 2. Received $400 cash from the Royal Bank on December 31,2020 , as interest income. 3. Sold old equipment for $1,400. The old equipment originally cost $4,000 and had accumulated depreciation of $2,000. 4. Purchased land costing $5,000 on December 31,2020 , in exchange for a note payable. Both principal and interest are due on June 30, 2021. 5. Purchased new equipment for $9,000cash. 6. Paid $3,500 of notes payable. 7. Sold additional bonds payable at par of $3,000 on January 1,2020 . 8. Issued 1,000 common shares for cash at $2 per share. 9. Declared and paid a $5,800 cash dividend on October 1,2020 . \begin{tabular}{|l|l|} \hline \multicolumn{1}{|c|}{ Blue River Corporation } \\ \hline \multicolumn{1}{|c|}{ Statement of Cash Flow } \\ \hline \multicolumn{2}{|c|}{ For the Year Ended December 31, 2020 } \\ \hline & \\ \hline Cash flows from operating activities: & \\ \hline & \\ \hline Insert your answers in the excel template provided & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline Cash flows from investing activities: & \\ \hline & \\ \hline & \\ \hline Cash flows from financing activities: & \\ \hline & \\ \hline & \\ \hline \end{tabular}
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