Save Www Way Concert and tone who Co the comprehe Maguire were where it can store owned Decanter 31, 2017 Wey Company Stume Cash Varde Cash Pows From Opening Mai Ha Ha NH PHUC V PHC HI Pred try Nelah Provided by Uued to Operating Act Cies Checker Data table Water Way Company Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash $ 21,520 1,678,120 $ 24,000 0 1,600 5,800 1,400 0 90 500 0 1.800 Short-term Investments, net Accounts Receivable, net Merchandise Inventory Office Supplies Prepaid Rent Property, Plant, and Equipment: Land Building Canoes Office Furniture and Equipment Accumulated DepreciationPP&E 270,000 70,000 1,020,000 295,000 10,560 10,560 80,000 0 (38,370) (1,900) 3,047,400 $ 403,280 Total Assets $ Liabilities Liabilities Current Liabilities: $ $ 4,910 $ 2,140 810 310 870 270 Accounts Payable Utilities Payable Telephone Payable Wages Payable Notes Payable Interest Payable 3,100 1,100 28,000 0 130 30 Unearned Revenue 650 400 6,720 Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable 6,720 495,000 0 0 1,300,000 (1,100) 0 1,839,090 10,970 Discount on Bonds Payable Total Liabilities Stockholders' Equity Paid-In Capital: Preferred Stock 150,000 0 Paid-In Capital in Excess of Par-Preferred 50,000 0 Common Stock 490,000 390,000 Data table - x 1,100 3,100 28,000 0 130 30 Telephone rayauve Wages Payable Notes Payable Interest Payable Unearned Revenue Long-Term Liabilities: Notes Payable Mortgage Payable Bonds Payable 650 400 6,720 6,720 0 495,000 1,300,000 (1.100) 0 1,839,090 10,970 Discount on Bonds Payable Total Liabilities Stockholders' Equity Paid-In Capital: Preferred Stock 0 150,000 50,000 490,000 200,000 318,310 390,000 Paid-In Capital in Excess of Par-Preferred Common Stock Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity Total Liabilities and Stockholders' Equity 0 2,310 1,208,310 392,310 $ 3,047,400 $ 403,280 Print Done More info ave 1. The income statement for 2025 included the following items: a. Net income, $399,000 b. Depreciation expense for the year, $36,470. c. Amortization on the bonds payable, $220. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $1,300,000, receiving cash of $1,298,680. 4. The company distributed 3,000 shares of common stock in a stock dividend when the market value was $16.00 per share. All other dividends were paid in cash. 5. The common stock, except for the stock dividend, was issued for cash. 6. The cash receipt from the notes payable in 2025 is considered a financing activity because it does not relate to operations. Print Done Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Acquisition of land by issuing preferred stock Amortization Expense Cash Payment for Acquisition of Plant Assets Cash Payment of Dividends Cash Receipt from Issuance of Bonds Payable Cash Receipt from Issuance of Common Stock Cash Receipt from Issuance of Mortgage Payable Cash Receipt from Issuance of Notes Payable Decrease in Accounts Receivable Decrease in Office Supplies Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Decrease in Office Supplies Decrease in Prepaid Rent Depreciation Expense Increase in Accounts Payable Increase in Interest Payable Increase in Merchandise Inventory Increase in Short-term Investments Increase in Telephone Payable Increase in Unearned Revenue Increase in Utilities Payable Increase in Wages Payable