Senre Name Section Problem (10 points uwston Corporation had the aucted comparative balance sheets at December 31, 2014 20X5. Additional information for 20x5 is attached REQUIRED: Prepare a statement of cash flores, in properforming the dished for the year ending December 31, 2005. Be more to include a schedule cheie and financing activities 20X4 100 200 1.000 700 20 HAWTHORN CORPORATION COMPARATIVE BALANCE SHEETS AT DECEMBER 31, 2015 AND 20X4 205 Cash 5 50 S Temporary Investments Accounts Receivable (Net) 1.110 Inventory Prepaid Expenses Long Term Investments 4220 Land Buildings 2.400 Accumulated Depreciation Buildings 700 Equipment Accumulated Depreciation Equipment Patents 140 Total Assets $ 10.09 50 1.100 2.000 600 720 240 160 9.360 $ SOOS 160 100 80 4.792 4.800 0 Accounts Payable Notes Payable. Short Term Accrued Liabilities Bonds Payable (Not of Premium) Mortgage Payable Preferred Stock. 510 par value Common Stock, Si par value Paid In Capital in Excess of Par Value Retained Earnings Total Liabilities and Stockholders' Equity 600 100 2000 2.000 500 710 10.094 S SO 9,360 HAWTHORN CORPORATION ADDITIONAL INFORMATION FOR PREPARATION OF STATEMENT OF CASH FLOWS FOR YEAR ENDING DECEMBER 31, 20X5 (1) Dividends were declared and paid during the year in the following amount: $30 on preferred stock and $500 on common stock. All other changes to the retained earnings account was due to net income or loss for the period. (2) Long term investments were purchased during the year in the amount of $420. The company also sold long term investments for S180 that had an original cost of $200 3) Land with an original cost of $280 was sold for $400 () A new building was purchased for $440. The company paid $40 down and financed the remainder by issuing a long term mortgage payable. All changes to the accumulated depreciation account for buildings was due to depreciation for the period. 15 The company purchased a patent for $20. All other changes to the patent account were due to patent amortization (6) Equipment with an original cost of $60 and accumulated depreciation of S50 was sold for 56. All other changes to the equipment account were due to cash purchases of equipment. In addition, all other changes to the accumulated depreciation account for equipment were due to depreciation expense for the period. The change in the bonds payable was due to a redemption of bonds for cash during the period. (8) The company instad 60 shares of common stock for $5.20 per share. In addition, the company purchased and retired 20 shares of preferred stock at par value