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Preparing a Cash Flow Worksheet Taser Corporation's recent comparative balance sheet and income statement follow. Additional information 1. Purchased a plant asset, $72,000; issued common
Preparing a Cash Flow Worksheet Taser Corporation's recent comparative balance sheet and income statement follow. Additional information 1. Purchased a plant asset, $72,000; issued common stock in full payment. 2. Purchased a long-term investment in equity securities for cash, $24,000. 3. Declared and paid cash dividend, $24,000. 4. Sold plant asset for $12,000 cash (cost, $43,200; accumulated depreciation, $38,400 ). 5. Issued common stock, 1,200 shares at $11 per share cash. a. Prepare a cash flow worksheet. b. Prepare a reconciliation of the total of the three sections of net cash flows from operating, investing, and financing activities to the change in cash and prepare the noncash disclosure note. Preparing a Cash Flow Worksheet Taser Corporation's recent comparative balance sheet and income statement follow. Additional information 1. Purchased a plant asset, $72,000; issued common stock in full payment. 2. Purchased a long-term investment in equity securities for cash, $24,000. 3. Declared and paid cash dividend, $24,000. 4. Sold plant asset for $12,000 cash (cost, $43,200; accumulated depreciation, $38,400 ). 5. Issued common stock, 1,200 shares at $11 per share cash. a. Prepare a cash flow worksheet. b. Prepare a reconciliation of the total of the three sections of net cash flows from operating, investing, and financing activities to the change in cash and prepare the noncash disclosure
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