Portfolio Project You aethe accountant for Hooster Coestnuction Company, a are constriuction company in Colosado You have been precented with the to ing linami litorand on lol Bustes dnd dsked to prep re the Satement 01 Cash Rws tor the year ended June 30, 2018. You wil unpke York tor 1,acts Information taken frnen Honeter.nrnuning records and additional information rogarding the cash fk0ASAsof luna:201 2. Worksheet - Worksheet template(aso see Exaple in chap 21 ot teatbook) 3. Cosh Fiows Suulementol Cash lows template labo see Examplein chap 21 ol textbuok). Accou nt Balance June 30, 2017 Junc 30,2O1B 361,700880,550 125,000 nsurivat Marketabke Scuritics 100,000 Construction in ProoesS Prepid Expenses 168,750 15,000 405,000 10,000 Deterred tax asset 5,375 10,500 2,.200 10,500 Discount oonds Payabl: latak coants Payable Deterred ta Eabaty 1,000 3,500 3,300 9,000 Notc Payabke Accumulated term) cumuuted Depreciation on Leased Asset 3,0000 18,000 1,800 Hondpayahe B on contruction in process 150,000 150,000 9,000 325,000 rlible paclemed lox, $100 pa Paid-in Capital 1,500 297,325 Umeared Increase in Value ot Marketable Securiies 1,800 421,455 4,25 1,492,83 Dividends dedaed and piid otakdG3) b. shares of common stock (at par) wee issed for cash. On July 1, 2017, convibl pielened sloxk thul had uiinybeen ssued al parlue were into 'AX)sharesofc menon saxk. I he book value method was used to:HXDUnt for the The lone-term note payalle was pad byi250shares ol comnon stock at he berinnine of the alyuur Shortterm marhetatila securiniks wr puchasd at a est heprtfnin was increanai hy 5300to a S1 800tair value at year-end by adjusting the related alowance account During the yoa, a 3D% interest in likochct Co. Wiis punhased as an inus tment for $9,500. Rixx:hel SMINXin nct income for the ysar and paid diidends to smart. 5,000 ot accounts recevable were wiiten off as unoo lectible durine the year in rons acrHunt halance. i. A buline wasdestruyed by lie duing the year and insurance proceeds0l S26,000 were uleuted. I he 12% bonds payable were Esued cn h bruary 2K' 2018-at 9, . I her mature on Hebruary 2, 200a Ihenmmpamy usesthe straight-ine method to antie bond premiums and discounts LAkisc agrocment was signed an luly Ist, 701/ for the us of oqiipmentwoth ,xI. Ihc company determined that the transaine should he recoeded as a capal laase. Portfolio Project You aethe accountant for Hooster Coestnuction Company, a are constriuction company in Colosado You have been precented with the to ing linami litorand on lol Bustes dnd dsked to prep re the Satement 01 Cash Rws tor the year ended June 30, 2018. You wil unpke York tor 1,acts Information taken frnen Honeter.nrnuning records and additional information rogarding the cash fk0ASAsof luna:201 2. Worksheet - Worksheet template(aso see Exaple in chap 21 ot teatbook) 3. Cosh Fiows Suulementol Cash lows template labo see Examplein chap 21 ol textbuok). Accou nt Balance June 30, 2017 Junc 30,2O1B 361,700880,550 125,000 nsurivat Marketabke Scuritics 100,000 Construction in ProoesS Prepid Expenses 168,750 15,000 405,000 10,000 Deterred tax asset 5,375 10,500 2,.200 10,500 Discount oonds Payabl: latak coants Payable Deterred ta Eabaty 1,000 3,500 3,300 9,000 Notc Payabke Accumulated term) cumuuted Depreciation on Leased Asset 3,0000 18,000 1,800 Hondpayahe B on contruction in process 150,000 150,000 9,000 325,000 rlible paclemed lox, $100 pa Paid-in Capital 1,500 297,325 Umeared Increase in Value ot Marketable Securiies 1,800 421,455 4,25 1,492,83 Dividends dedaed and piid otakdG3) b. shares of common stock (at par) wee issed for cash. On July 1, 2017, convibl pielened sloxk thul had uiinybeen ssued al parlue were into 'AX)sharesofc menon saxk. I he book value method was used to:HXDUnt for the The lone-term note payalle was pad byi250shares ol comnon stock at he berinnine of the alyuur Shortterm marhetatila securiniks wr puchasd at a est heprtfnin was increanai hy 5300to a S1 800tair value at year-end by adjusting the related alowance account During the yoa, a 3D% interest in likochct Co. Wiis punhased as an inus tment for $9,500. Rixx:hel SMINXin nct income for the ysar and paid diidends to smart. 5,000 ot accounts recevable were wiiten off as unoo lectible durine the year in rons acrHunt halance. i. A buline wasdestruyed by lie duing the year and insurance proceeds0l S26,000 were uleuted. I he 12% bonds payable were Esued cn h bruary 2K' 2018-at 9, . I her mature on Hebruary 2, 200a Ihenmmpamy usesthe straight-ine method to antie bond premiums and discounts LAkisc agrocment was signed an luly Ist, 701/ for the us of oqiipmentwoth ,xI. Ihc company determined that the transaine should he recoeded as a capal laase