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Prepare a statement of cash flows in the correct format for the year 2012. Dividends paid in the year 2012 were: Preferred stock $15,000 Common
Prepare a statement of cash flows in the correct format for the year 2012. Dividends paid in the year 2012 were:
Preferred stock $15,000
Common stock $17,000
Balance Sheet December 31, 2011 & December 31, 2012 2011 2012 Cash Accounts Inventory Prepaid Expenses Total Current Assets Gross Plant & Equipment Accumulated Depreciation Net Plant 8 Equipment $ 89,000 64,000 112,000 10,000 275,000 238,000 (40,000) 198,000 $ 100,000 70,000 100,000 10,000 280,000 311,000 (66,000) 245,000 $473,000 525,000 Receivable Total assets Accounts Payable Accrued Expenses Total Current Debt Bonds Payable Preferred Stock Common Stock Retained Earnings $ 85,000 68,000 153,000 70,000 0 205,000 45,000 $ 90,000 63,000 153,000 0 120,000 205,000 47,000 $ 525,000 Total Liabilities & EquityStep by Step Solution
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