Question 2 View Policies Current Attempt in Progress Here are comparative balance sheets for Swifty Corporation Swifty Corporation Comparative Balance Sheets December 31 Assets 2019 2018 Cash $ 73,500 $33,500 Accounts receivable 85,800 70,600 Inventory 169,700 186,700 Land 73,300 101.800 Equipment 259.000 199,400 Accumulated depreciation equipment (65,800) (33,800) Total $595.500 $558,200 Liabilities and Stockholders' Equity Accounts payable $ 35,500 $ 46,500 Bonds payable 151,400 203.800 Common stock ($1 par) 217,000 172,700 Retained earnings 191,600 135,200 Total $595,500 $558.200 Additional information: 1. Net income for 2019 was $103.400. 2. Cash dividends of $47.000 were declared and paid. 3. Bonds payable amounting to $52.400 were redeemed for cash 552.400. 4. Common stock was issued for $14,300 cash. 5. Na equipment was sold during 2019. but land was sold at cost. Prepare a statement of cash flows for 2019 using the indirect method S 150 parenthesse. 5.000 warounts that decrease cash flow with uwmil instructure.com/courses/269965/assignments/1/6201 H LU-P L Additional information: 1 Net income for 2019 was $103.400. 2 Cashdividends of S47.000 were declared and paid. 2. Bonds payable amounting to $52,400 were redeemed for cash $52,400 4. Common stock was issued for $44,300 cash. 5. No equipment was sold during 2019, but land was sold at cost. Prepare a statement of cash flows for 2019 using the indirect method. (Show -15.000, or in parenthesises (15.000 Swifty Corporation Statement of Cash Flows Adjustments to reconcile net income to eTextbook and Media Attempts of used S A W Your Answer Correct Answer (Used) x Your answer is incorrect. Compute free cash flow. (Enter negative amount using either a negative sign preceding the numberes.-45 or parentheses eg. (45) Free cash flow $ eTextbook and Media Solution Attempts: 3 of 3 used Your grade has been recorded in the Gradebook. Sat May 2, 2020, 10:46:50 PM (America/Chicago -05:00) Previous Next