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PLEASE SHOW ALL WORK!! 12/31/15 12/31/16 $100,000 145,700 367,900 120,000 $168.300 163,200 395,000 Cash. Accounts Receivable (net) Inventories Investments .... Land ................ Equipment ........... Accumulated
PLEASE SHOW ALL WORK!!
12/31/15 12/31/16 $100,000 145,700 367,900 120,000 $168.300 163,200 395,000 Cash. Accounts Receivable (net) Inventories Investments .... Land ................ Equipment ........... Accumulated Depreciation - Equipment Accounts Payable Accrued Liabilities Dividends Payable... Common Stock ...... Paid in Excess... Retained Earnings. 575,500 168,000 210,500 21,400 10,000 60,000 175,000 400,000 160,000 695,500 194,000 228.700 16,500 14,000 75,000 265,000 524,600 The following additional information was taken from the records: A) B) C) D) Net Income was $180,600. Investments were sold for $132,000. There were no disposals of equipment during the year. Equipment and land were acquired for cash. Common stock was issued for cash. There was a $56,000 debit to Retained Earnings for cash dividends declared. E) F) Prepare a Statement of Cash Flows including an AnalysisStep by Step Solution
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