st The following comparative balance sheets and other data are for Dayton Tent & Awning Sales, Ic. DAYTON TENT & AWNING SALES, INC. Comparative Balance Sheets June 30, 2013 and 2012 Assets Cash Accounts receivable, net Merchandise inventory Prepaid insurance 2013 S441,800 332,600 $ 750,750 S S819,000 S 850,200 S3,900S5,850 2012 432900 Land Buildings Machinery and tools Accunmlated depreciation machinery and tools S 2,184,000S 1,209,000 S 858,000 468,000 S (809.250S (510,900) S 4,560,200 3,138,650 Total assets Liabilities and Equitv ccounts payable Accrued labilties payable Bank loans (due in 2016 Mortgage bonds payable S 226,750S275,500 $185,800 S 111,700 S 56,550 $ 382.200 S 1,755,000S585,000 S 58,500 $ 1,895.400| 1,914.900 4.60200S 3.138,65 S66,300 S185.250 Common stock - $100 par Paid-in capital in excess of par Retained earnings Total liabilities and stockholders' equity dditional information 1. Net income for the year was: S 128,000 356.850 2. Depreciation for the year was 3. There was a gain on the sale of land of .800 S 46,800 The land was sold for vahued at: The amunt of cash paid for the building was: 4. The additional mortgage bonds were issued at lace vahhe as partial payment for a buiding 975,000 S 778.050 $ 448.500 S58,500 5. Machinery and tools were purchased for 6. Fully depreciated machinery was serapped and written off with a cost of Additional common stock was isstued at $105 pe . Dividends declared and paid were 9. A payment was made on the bank loam 10. The company paid interest of share. The total proceeds were: S 1.228.50 $ 147,500 9,750 9.000 S 75,000 The company paid income taxes of Require d: Prepare a statement of cash flows under the indirect method and any supplement schedules. |2113