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thank you! The Extra Surplus Company's Balance Sheet for December 31, 2017 and the Income Statement for 2018 are shown below. Additional data: - Sales
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The Extra Surplus Company's Balance Sheet for December 31, 2017 and the Income Statement for 2018 are shown below. Additional data: - Sales were $37,700;$23,200 in cash was received from customers. - Bought new land for cash, $29.000. - Sold other land for its book value of $14,500. - Paid $2,900 principal on the long-term note payable and $2,900 in interest. - Issued new shares of stock for $29.000 cash. - Cash dividends of $4,800 were declared and paid to stockholders. - Paid $16,900 on accounts payable. - No inventory purchases were made; other expenses were incurred on account. - All wages were paid in cash. - Other expenses were on account. Complete this question by entering your answers in the tabs below. Prepare a balance sheet at December 31,2018. EXTRA SURPLUS COMPANY Statement of Cash Flows Year Ended December 31, 2018 Cash Flows from Operating Activities: Cash Flows from Investing Activities: Cash Flows from Financing Activities: \begin{tabular}{|l|r|} \hline & \\ \hline & \\ \hline Cash Flows from Financing Activities: & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & \\ \hline & 1,500 \\ \hline & 19,500 \\ \hline & 21,000 \\ \hline \end{tabular} A Reciured 8> Step by Step Solution
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