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PLEASE SHOW IN FULL AND EXPANDED ANSWER!!!! $266,960 $284,360 103,010 95,880 290,800 283,890 Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment 0 109,980
PLEASE SHOW IN FULL AND EXPANDED ANSWER!!!! $266,960 $284,360 103,010 95,880 290,800 283,890 Cash Accounts receivable (net) Inventories Investments Land Equipment Accumulated depreciation-equipment 0 109,980 149,160 0 320,850 250,980 (67,680) (75,110) $1,073,070 Total assets $940,010 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $194,230 $185,180 Accrued expenses payable (operating expenses) 19,320 24,440 Dividends payable 10,730 8,460 Common stock, $10 par 57,950 46,060 Pald-in capital in excess of par-common stock 217,830 127,840 Retained earnings 573,010 548,030 Total liabilities and stockholders' equity $1,073,070 $940,010 Additional data obtained from an examination of the accounts in the ledger for 2049 are as follows: a. Equipment and land were acquired for cash. b. There were no disposals of equipment during the year. c. The investments were sold for $128,680 cash. d. The common stock was issued for cash. e. There was a $69,160 credit to Retained Earnings for net income. f. There was a $44,180 debit to Retained Earnings for cash dividends declared. Required: 69,160 7,430 -18,700 Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flow from financing activities Net increase in cash Cash balance, January 1, 2019 IIID IN B Cash balance, December 31, 2019
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