Question
the following data were obtained from the books and record of wyz co. for the year ended 2011: net changing in 2011 dr cr cash
the following data were obtained from the books and record of wyz co. for the year ended 2011:
net changing in 2011
dr cr
cash 6500 ......
other current assets 45000 ......
plant and equipmeny 25000 ............
goodwill ............... 20000
account payable .............. 30000
other current liabilities ............ 15000
bonds payable .............. 100000
bonds discount 3800 ........
preferred stock 100000 ...........
common stock ......... 50000
retained earning 9700 ......
appraisal capital 25000 .....
net income fro the year was 53800.10 year bond of 100000$ were issued on july 1,2011 at 96.land cost 30000$ aand recorded on the books at an appraisal value of 55000$,was sold for 65000$.the cash proceeds from the sale were applied to the construction of new buildings costing 88000$.increse in common stock was due to issuance of additional share by way of stock dividend.depreciation recorded for the year was 8000$.preferred stock was retired during the year at 105$.interest expenses were recorded 5000$ and income tax expenses was reported 28970$ for the year.retained earning balance on 1jan 20122 was 55000$ and on 31 dec 2011 was 45300$.
prepare cash flow statement.
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