PR 16-38 Statement of Cash Flows Obj 2. 3. 4.5 The comparate balance sheet of Coulon, Inc, at December 31, 2012 and 2041, s as follow 5 ca Am 60 he Du . . 1 16 Income Banda Com . 23 The noncurrent asset noncurrent liability and studieders equity accounts for 2072 are as follow ACCOUNT Land ACCOUNT NO. Balance Debit Credit Debit Credit Date Item 2012 Jan. 20 3456,000 cash from ACCOUNT Buildings 1.350.000 90.000 295.000 ACCOUNT NO Credit Debit Credit Date Items Debat 2012 anch Apt 20 ord for 990.000 ACCOUNT Accumulated Depration Buildings 390.000 1.900.000 ACCOUNT NO. Balance Debut Credit De Credit Date Item 2012 Tan. 31 percation for ACCOUNT Equitament 11.200 365.000 297.200 ACCOUNT TO Balance Debit Credit Date Item Debit Credit 2012 Balance carded, no se 1. Pod for 4.000 Aug. 5299.000 453.600 5.600 1.800 ACCOUNT Arom Balance Debit Credit Item Debit Credit Date 2012 Balance pcded, no salvage Purchased for cash 66.000 529.800 463.800 660.600 195.800 Aug ACCOUNT Accumulated Depreciation Equipment ACCOUNT NO. Balance Debit Credit Item Debit Credit Date 22 Jan ince 26 Equipment carded ippreciation for you 66.000 162.000 96.000 133.200 37.200 ACCOUNT Bonds Payable ACCOUNT NO. Balance Debit Credit Item Debit Credit Date 2012 stay med 20 year bonds 330.000 330.000 ACCOUNT Common Stock 520 par ACCOUNT NO. Balance Debit Credit Date Item Debit Credit an Balance 2000 shares of common back for 540 per share 180.000 320,000 +40.000 ACCOUNT Paid In Capital Excess of Par Common Stock ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 200 Jan De 810.000 Balance sued 000 shares of common tock for $40 per share 140,000 950.000 ACCOUNT Retained Earnings ACCOUNT NO. Balance Debit Credit Date Item Debit Credit 2013 Jan. Dec ce 31income 21 Cash dividende 14.400 326.000 2.574.600 2.901.200 2.622.000 79.200 Entret Prepare a statement of cash flows uting the indirect method of presenting cash flows from (used for operating activities BIU Copy Format Painter ipboard Es Merge & Center Alignment Num Font ACSO E F B C D G H N K O COULSON INC. Statement of Cash Flows For the Year Ended December 31, 20Y2 Cash flows from operating activities: Net income (loss) Adjustments to reconcile net income to net cash flow from operating activities Depreciation Gain on sale of land Changes in current operating assets and liabilities: Net cash flow from operating activities Cash flows from (used for investing activities Net cash flow used for investing activities Cash flows from (used for) financing activities: Net cash flow provided by financing activities Increase (decrease) in cash Cash at the beginning of the year Cash at the end of the year Optional: COULSON INC. Snradhan Font Clipboard ACSO 0 P Balance Dec 31, 2012 300 600 704.400 918 600 18.600 990,000 , (397.200) 560,500 (133.200) (594000) (26 400) (300.000) (320.000) (950.000) A B C D F E N H LU Optional: COULSON INC. Spreadsheet (Work Sheet) for Statement of Cash Flows For the Year Ended December 31, 20Y2 Balance Transactions Dec 31, 2011 Debat Credit Cash 337,800 Accounts receivable (net) 609,600 Inventories 885,800 Prepaid expenses 26,400 Land Buildings 990,000 Accum depr -buldings (366,000) Equipment 529,800 4 Accum depr.-equipment (162,000) 65 Accounts payable (631,200) 58 Income tax payable (21,600) Bonds payable 38 Common stock, $20 par (180,000) 69 Paid-in captain excess of par (810,000) 70 Retained earnings 71 Totals 72 Operating activities 73 Net Income 74 Depreciation equipment 75 Depreciation - buildings 76 Gain on sale of land 77 Increase in accounts receivable 78 Increase in inventories 79 Decrease in prepaid expenses 80 Decrease in accounts payable 81 Increase in income taxes payable Investing activities: B3 Purchase of equipment Acquisition of building BS Sale of land Financing activities B7 Payment of cash dividends 88 Issuance of bonds payable 89 Issuance of common stock 90 Net decrease in cash Totals 92 80 94 05 Pr. 16-38 e