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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, 584,000 ; issued
Preparing a Cash Flow Worksheet Taser Corporation's recent comparative balance sheet and income statement follow. Additional information 1. Purchased a plant asset, 584,000 ; issued common stock in full payment. 2. Purchased a long-term investment in equity securities for cash, $28,000. 3. Declared and paid cash dividend, $28,000. 4. Sold plant asset for $14,000 cash (cost, $50,400; accumulated depreciation, $44,800 ). 5. Issued common stock, 1,400 shares at $11 per share cash. Required
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