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Riverbed Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,890 Current liabilities Land 31,420 Bonds payable Buildings
Riverbed Corporation's balance sheet at the end of 2019 included the following items. Current assets (Cash $82,000) $236,890 Current liabilities Land 31,420 Bonds payable Buildings 121,890 Common stock Equipment 91,420 Retained earnings Accum. depr.-buildings (31,890) Total Accum. depr.-equipment (11,000) Patents 41,890 Total $480,620 $151,890 101,890 181,420 45,420 $480,620 The following information is available for 2020. 1. Net income was $54,200. 2. Equipment (cost $21,890 and accumulated depreciation $9,890) was sold for $11,890. 3. Depreciation expense was $5,890 on the building and $10,890 on equipment. 4. Patent amortization was $2,500. 5. Current assets other than cash increased by $29,000. Current liabilities increased by $14,890. 6. An addition to the building was completed at a cost of $28,890. 7. A long-term investment in stock was purchased for $16,000. 8. Bonds payable of $51,420 were issued. 9. Cash dividends of $30,000 were declared and paid. 10. Treasury stock was purchased at a cost of $11,000. Prepare a statement of cash flows for 2020. (Show amounts that decrease cash flow with either a-sign e.g.-15,000 or in parenthesis e.g. (15,000).) RIVERBED CORPORATION Statement of Cash Flows Adjustments to reconcile net income to List of Accounts Prepare a balance sheet at December 31, 2020. (Show only totals for current assets and current liabilities.) (List Property, Plant and Equipment in order of Land, Building and Equipment.) RIVERBED CORPORATION Balance Sheet Assets A Il Liabilities and Stockholders' Equity e Textbook and Media
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