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prepare a statement of cash flows comparative balance sheet short company December 31, 2010 and 2009 assets 2010 2009 cash 116875 53250 accounts receivable (net)
prepare a statement of cash flows comparative balance sheet short company December 31, 2010 and 2009 assets 2010 2009 cash 116875 53250 accounts receivable (net) 86000 67250 merchandise inventory 82650 74000 prepaid rent 5500 4500 land 85000 25000 property plant equipment 189000 219000 less accumulated depreciaation ppe (20900) (21900) investment in tva bonds 30000 50000 total assets 574125 471100 liabilities and stockholders' equity liabilities accounts payable 66300 86600 income taxes payable 9250 9500 bonds payable 140000 100000 total liabilities 215550 196100 stockholders equity common stock 105000 75000 retained earnings 253575 275000 total liabilities and stockholders eq 574125 471100 short comapny condensed income statement year ended december 31, 2010 revenues 809000 costs and expenses costs of goods sold 475750 depreciation expense 9000 selling and admin expenses 197650 interest expense 18500 loss on sale of equipment 10000 income taxes expense 24525 total costs and expenses 735425 net income after income taxes 73575 instructions prepare a statement of cash flows for 2010 additional information for 2010 follows a) acquired land at a cost of $60,000; paid one-half of the purchase price in cash and issued common stock for the balance b) sold used equipment for $20,000 in cash. the original cost was $40,000; depreciation of $10,000 had been taken. the remaining change in property, plant, and equipment account represents a purchase of equipment for cash. total depreciation expense for the year was $9,000 c)issued bonds payable at par value for cash. d)sold bond investments costing $20,000 at no gain or loss during the year e)paid $20,000 cash dividends on the common stock analyze: by what percentage did cash increase from january 1 to december 31
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