solve these comprehension problems

Comprehension Problems CP 12-1 You are given the following data for the proprietorship of R. Black R. Black Proprietorship Trial Balance December 31, 2019 Credit Debit $10,000 20,000 30,000 Cash Accounts receivable Merchandise inventory $25.000 5,000 Accounts payable R. Black, capital R. Black, withdrawals 7,000 166,000 Sales 100,000 24,000 Cost of goods sold Rent expense 5,000 Income taxes expense $196,000 $196,000 Totals Black contributed $5,000 capital during the year. Required: 1. Prepare an income statement for the year. 2. Prepare a statement of proprietor's capital for the year in the following format: R.Black Proprietorship Statement of Proprietor's Capital For the Year Ended December 31, 2019 S Balance at Jan. 1, 2019 Contributions Net income Withdrawals Balance at Dec. 31, 2019 3. Prepare a balance sheet at December 31, 2019. 4. Prepare closing entries at year-end Comprehension Problems CP 14-1 The following transactions were carried out by Crozier Manufacturing Limited. Required: Indicate into which category each transaction or adjustment is placed in the statement of cash flows: operating (O), financing (F), or investing () activities A payment of $5,000 was made on a non-current bank loan. Depreciation expense for equipment was $1,000 $10,000 of common stock was issued for cash. Cash dividends of $2,500 were declared and paid to stockholders assumed in exchange for equipment A non-current bank loan was costing $7,000. purchased for $25,000 cash. Land was $750 of accrued salaries was paid. A $5,000 operating loan was obtained. The loan is due on demand and is an integral part of the company's cash management strategy. was collected. $10,000 of accounts receivable A building was purchased for $80,000: $30,000 was paid in cash and the rest was borrowed. Land was sold for $50,000 cash. Equipment was sold for $6,000. The original cost $10,000. The related accumulation depreciation was $3,000. was $1,200 cash was paid for a 12-month insurance policy to take effect next year. A patent was amortized for $500. Stock was redeemed for $50,000 cash, the original purchase price