The comparative balance sheets of Poser Company for years and ended December 31, appear below in condensed form Year 2 Year: 5.53,000 37.000 $50,000 45,000 Assets Cash Accounts romant Inventor Investments Equipment Accumulated deprecationen 108.500 573,200 100,000 70.000 450.000 0176,000) 5542,000 (142,000) 1629.700 562.500 Liabilities and Stockholders' Equity Acable to, due Year 2 Commons 10 Paide capital in common Mick and minge 225.000 143,300 100,000 245.000 55.000 58,200 1540,000 162,200 129,700 The came to the current year 55257 MW MacBook Air $ 4 % 5 & 7 1 0 2 3 8 9 3 E R T Y I 0 S D F H K > X V B N M 36 command option The Income statement for the current year is as follows: Sales $625,700 340,000 $285,700 $ 26,000 68,000 94,000 Cost of goods sold Gross profit Operating expenses: Depreciation expense Other operating expenses Total operating expenses Income from operations Other income: Gain on sale of investment Other expense: Interest expense Income before income tax income tax Net Income $191,700 $4,000 6,000 (2,000) $189,700 60,700 $129,000 Additional data for the current year are as follows: 3. Fully depreciated equipment costing $60,000 was scrapped, no salvage, and new equipment was purchased for $183,200. b. Bonds payable for $100,000 were retired by payment at their face amount. C. 5,000 shares of common stock were issud at $13 for cash. 4. Cash dividends declared and paid, $25,000 All work saved, o o so GO Posner Company Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: Net Income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Decrease in Inventories Changes in current operating assets and liabilities: Decrease in accounts receivable Increase in Inventories Increase in accounts payable Net cash flow from operating activities Cash flows from investing activities: Cash from sale of investments Cash paid for purchase of equipment Net cash flowed for investing activities Cash flow from financing activities Cash from sale of common stock Cash paid to retire bonds payable Cash paid for dividende Net Cash flowed for financing activities Change in cash I ll II DII GO ALGO ALGO ALGO SALGO 2.A.GO 1 737 items Prev 13 All works Sub Tew MacBook Air