Ros Soliz, the owner, has asked for your help in preparing her statement of cash flows. The operations of Rosa's Caf, a small food service operation, are becoming more complex. She is able to present you with condensed balance sheets and some additional information. Rosa's Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 $ 15,000 5,000 14,000 20,000 10,000 320,000 (50,000) 334,000 Cash Marketable Securities Accounts Receivable Inventory Investments (noncurrent) Equipment 20X2 $ 15,000 5,000 15,000 19,000 10,000 320,000 (50,000) d 334,000 Accumulated Depreciation Total Assets $ 18,000 20,000 Dal 20,000 $ 19,00 20,000 20,000 160,000.00 220 Chapter 4 Current Liabilities: Accounts Payable Dividends Payable Note Payable (current) Noncurrent Liabilities: Note Payable Common Stock 100,000 16,000 $334,000 160,000 100,000 15,000 $334,000 Retained Earnings Total Liabilities & Owners' Equity Additional information about activities in 20X2: 1. Investments costing $15,000 were sold for $10,000. 2. Dividends declared during 20X2 totaled $30,000. 3. The cafe's van, which cost $25,000, was sold at a gain of $5,000. Its net book value on the date of sale was $10,000. 4. Marketable securities that cost $5,000 were sold for $10,000. 5. Common stock of $20,000 was exchanged for equipment in a noncash transaction. 6. Assume current liabilities are paid on a timely basis. tubro Required: Prepare the statement of cash flows for 20X2. Ros Soliz, the owner, has asked for your help in preparing her statement of cash flows. The operations of Rosa's Caf, a small food service operation, are becoming more complex. She is able to present you with condensed balance sheets and some additional information. Rosa's Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 $ 15,000 5,000 14,000 20,000 10,000 320,000 (50,000) 334,000 Cash Marketable Securities Accounts Receivable Inventory Investments (noncurrent) Equipment 20X2 $ 15,000 5,000 15,000 19,000 10,000 320,000 (50,000) d 334,000 Accumulated Depreciation Total Assets $ 18,000 20,000 Dal 20,000 $ 19,00 20,000 20,000 160,000.00 220 Chapter 4 Current Liabilities: Accounts Payable Dividends Payable Note Payable (current) Noncurrent Liabilities: Note Payable Common Stock 100,000 16,000 $334,000 160,000 100,000 15,000 $334,000 Retained Earnings Total Liabilities & Owners' Equity Additional information about activities in 20X2: 1. Investments costing $15,000 were sold for $10,000. 2. Dividends declared during 20X2 totaled $30,000. 3. The cafe's van, which cost $25,000, was sold at a gain of $5,000. Its net book value on the date of sale was $10,000. 4. Marketable securities that cost $5,000 were sold for $10,000. 5. Common stock of $20,000 was exchanged for equipment in a noncash transaction. 6. Assume current liabilities are paid on a timely basis. tubro Required: Prepare the statement of cash flows for 20X2
