. Shim Company presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets: The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets: 1 : Account Title Year 2 Year 11 2 Bonds payable $212,200 5100,600 Common stock 376,400 276,400 Account Title Accounts receivable Prepaid rent Acceu receivable Accounts payable Salaries payable Unearned revenue Year 2 Year 1 $31,275 $37,530 1,106 968 631 505 9,723 11,668 2,763 3,158 2,950 3,933 Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $36.000 2. There were no bond liabilities issued during the period. Required 8. Compute the amount of cash flow associated with the repayment of bond liabilities. The income statement reported a $1,620 gain on the sale of equipment, an $590 loss on the sale of land, and $3.800 of depreciation $$ expense. Net Income for the period was $51,758. Repayment of bond ability Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) b. Compute the amount of cash flow associated with the issue of common stock Common stock issued / Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) + Add to os N Cash flows from operating activities b. Compute the amount of cash flow associated with the issue of common stock. Plus Common stock issued Less c. Prepare the financing activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus c( sign.) DEXTER COMPANY Statement of Cash Flows (Financing Activities) For the Year Ended December 31, Year 2 Cash flows from financing activities Net cash flow from operating activities S Cash flows from financing activities $ On January 1, Year 1, Bacco Company had a balance of $77,100 in its Delivery Equipment account. During Year 1, Bacco purchased delivery equipment that cost $30,000. The balance in the Delivery Equipment account on December 31, Year 1, was $77,871. The Year 1 income statement reported a gain from the sale of equipment of $2,300. On the date of sale, accumulated depreciation on the equipment sold amounted to $11,000. Required o. Determine the original cost of the equipment that was sold during Year 1. Cost of the equipment b. Determine the amount of cash flow from the sale of delivery equipment that should be shown in the Investing activities section of the Year 1 statement of cash flows. Activate Go to Settin Amount of cash flow . Shim Company presents its statement of cash flows using the Indirect method. The following accounts and corresponding balances were drawn from Shim's Year 2 and Year 1 year-end balance sheets: The following accounts and corresponding balances were drawn from Dexter Company's Year 2 and Year 1 year-end balance sheets: 1 : Account Title Year 2 Year 11 2 Bonds payable $212,200 5100,600 Common stock 376,400 276,400 Account Title Accounts receivable Prepaid rent Acceu receivable Accounts payable Salaries payable Unearned revenue Year 2 Year 1 $31,275 $37,530 1,106 968 631 505 9,723 11,668 2,763 3,158 2,950 3,933 Other information drawn from the accounting records: 1. Dividends paid during the period amounted to $36.000 2. There were no bond liabilities issued during the period. Required 8. Compute the amount of cash flow associated with the repayment of bond liabilities. The income statement reported a $1,620 gain on the sale of equipment, an $590 loss on the sale of land, and $3.800 of depreciation $$ expense. Net Income for the period was $51,758. Repayment of bond ability Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) b. Compute the amount of cash flow associated with the issue of common stock Common stock issued / Required Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) + Add to os N Cash flows from operating activities b. Compute the amount of cash flow associated with the issue of common stock. Plus Common stock issued Less c. Prepare the financing activities section of the statement of cash flows. (Amounts to be deducted should be indicated with a minus c( sign.) DEXTER COMPANY Statement of Cash Flows (Financing Activities) For the Year Ended December 31, Year 2 Cash flows from financing activities Net cash flow from operating activities S Cash flows from financing activities $ On January 1, Year 1, Bacco Company had a balance of $77,100 in its Delivery Equipment account. During Year 1, Bacco purchased delivery equipment that cost $30,000. The balance in the Delivery Equipment account on December 31, Year 1, was $77,871. The Year 1 income statement reported a gain from the sale of equipment of $2,300. On the date of sale, accumulated depreciation on the equipment sold amounted to $11,000. Required o. Determine the original cost of the equipment that was sold during Year 1. Cost of the equipment b. Determine the amount of cash flow from the sale of delivery equipment that should be shown in the Investing activities section of the Year 1 statement of cash flows. Activate Go to Settin Amount of cash flow