Problem $620$ Durant & Co$,$ reported the following information for $2023$:AssetsCashAccounts ReceivableInventoryPrepaid ExpensesLandBuildingsAcc Deprec$-$buildingsEquipmentAcc Deprec$-$equipmentTotalsLiabilities and Stockholders EquityAccounts PayableAccrued ExpensesBonds PayableCommon Stock $($S$1$ par value$)$Retained EarningsTotals$202375,000159,000186,00019,000255,000415,000-103,000192,000-101,0001,097,000202264,000162,000174,00078,000165,000276,000-67,00074,000-66,000860\mathrm{.}000$ChangeINC$/$DEC$11,000$ INC$-3,000$ DEC$12,000$ INC$-59,000$ DEC$90,000$ INC$139,000$ INC$-36,000$ INC$118,000$ INC$-35,000$ INC$89,00065,000200,000244,000499,0001,097,00045,00016,000350,000164,000285,000860\mathrm{.}00044,000$ INC$49,000$ INC$-150,000$ DEC$80,000$ INC$214,000$ INC$1.$ Equipment with a cost of $$45,000,$ and a book value of $$19,000,$ was sold for $$18,000$ cash$2.$ Cash Dividends of $\mathrm{.}50$ per share were declared and paid on July Ist $20233.$ Bonds of $$150,000$ were redeemed for $$140,0004.$ Land with a cost of $$35,000$ was sold for $$55,0005.$ Common Stock in the amount of $$80,000$ was sold on April Ist, $2023.$

$6$:$29$

$16$

YU Fall $2023$ Acc final.xlsx

leet$1$

Sheet $2$

Cash flows from operating activities:

Net Income$/$Loss

Gain or Loss on sale or disposal of assets

Other Gain or loss

Adjustments to reconcile net income

to net cash provided by operating activities:

Depreciation Expense

Increase$/$decrease prepaid exp

Increase$/$decrease in AR

Increase$/$Decrease in Inventory

Increase$/$Decrease in A$/$P

Increase$/$decrease acc exp

Net Cash provided by operating Activities

Cah flows from investing activities:

Sale of land and equip

Purchase of Land

Purchase of equipment

Purchase of building

Net cash

provided

$($used$)$ by

investing activities

Cash flows from financing activities:

Issuance of common stock

Retirement of bonds

Payment of dividends

Net cash provided $($used$)$ by financing activities

Net increase$/$decrease in cash

Cash at the beginning of the period

Cash at the end of the period