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Selected information follows for Sunland Select Corporation at December 31: Bonds payable Mortgage notes payable Common shares Retained earnings 2021 2020 $626,850 $626,850 299.250 126,000
Selected information follows for Sunland Select Corporation at December 31: Bonds payable Mortgage notes payable Common shares Retained earnings 2021 2020 $626,850 $626,850 299.250 126,000 34,650 28,350 103.950 53.550 Additional information: 1. Principal payments on the mortgage payable were $15.750. 2. A building was purchased for $315,000 by paying $126,000 cash and signing a mortgage note payable for the balance 3. Profit for the year was $91,350. Assuring the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. (Show amounts that decrease cas! either a sign ... 15,000 or in parenthesis eg. (15,000) How to Apply Ad. National School of Additional information: 1. Principal payments on the mortgage payable were $15.750. 2. A building was purchased for $315,000 by paying $126,000 cash and signing a mortgage note payable for the balance. 3. Profit for the year was $91.350. 55:11 Assuming the company reports under ASPE and all dividends have been paid, prepare the financing activities section of the cash flow statement. (Show amounts that decrease cash flow either a signes. -15,000 or in parenthesis es (15,0001) Sunland Select Corporation Cash Flow Statement (Partial) Financing activities Net cash financing activities Note X: During the year, the company acquired a building with a cost of $ by payings cash and incurring a mortgage note payable of s Says for Later
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