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Ques: 1 2018 The following are the comparative balance sheets of Anila Company Anila Company Comparative Balance Sheets December 31 2019 Assets Cash 573,000 Accounts
Ques: 1 2018 The following are the comparative balance sheets of Anila Company Anila Company Comparative Balance Sheets December 31 2019 Assets Cash 573,000 Accounts Receivable 85,000 Inventory 180,000 Land 75,000 Equipment 250,000 Accumulated depreciation-equipment (66,000) Total assets 5597.000 Liabilities & Stockholders Equity Accounts payable 34,000 Bonds payable 150,000 Stockholders' equity Common Stock 214,000 Retained earnings 199,000 Total Liabilities & Stockholders' Equity 597.000 Additional information for 2019: $22,000 76,000 189,000 100,000 200,000 (42,000) 5545.000 47,000 200,000 164,000 134,000 545.000 1. Net income for 2019 was $135,000. 2. The company declared and paid $70,000 cash dividend. 3. Bonds matured and were paid off at face value for cash. 4. Issued common stock for $50,000 cash. 5. Depreciation expense was $24,000. 6. Sales revenue for the year was $978,000 7. Land was sold at cost and equipment was purchased for cash. Instruction: Prepare a statement of cashflows for the year ended December 31, 2019 using indirect method. Ques:2 Identify the transactions and other event characteristic of operating investing and financing activity
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