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The following financial statements and information are avaliable for Johnson Corp A. Prepare the statement of cash flows for Johnson Corp. Use this selection bank

The following financial statements and information are avaliable for Johnson Corp
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image text in transcribed
A. Prepare the statement of cash flows for Johnson Corp.
Use this selection bank of options to input each answer:
Interest
Inventory purchased
Operating expenses
Paid to purchase equipment
Paid to purchase marketable securities
Payment of dividends
Payments from bonds issue
Proceeds from common stock Issue
Proceeds from preferred stock issue
Proceeds from sale of equipment
Proceeds from sale of land
Proceeds from sale of marketable securities
Proceeds from sale of treasury stock
Repayment of bonds
Repayment of loan
Sales
Here is the starement of cash flows for the year ended Decemeber 31, Year 3
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^ This is where you enter in each selection from the word bank above.
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Balance Sheets As of December 31 Tem 2 Year 2 Assets $ 163,100 106,100 189,100 298,500 692,700 (305, 600) 82,800 1,225, 700 $ 123,500 87,600 174,600 223,000 493,400 (236,900) 117.800 983,000 $ Accounts receivable Inventory Marketable securities available for sale) Tiquipment Accumulated depreciation Land Total assets Liabilities and equity Liabilities Accounts payable (inventory) Notes payable-Long-term Bonds payable Total liabilities Stockholders' equity Common stock, no par Preferred stock. $50 par Paid-in capital in excess of par-Preferred stock Total paid-In capital Retained earnings Less: Treasury stock Total stockholders' equity Total liabilities and stockholders' equity 39,200 229.600 $ 69,000 253,000 103,260 425,200 475.200 241, 100 112,400 37,300 393.800 395,300 (3.600 750.500 $1.225.700 20),500 103,400 31,300 338,200 288, 200 68,600) 55,800 $ 98,000 $1.052,800 759, 200) 283,600 Encome statement For the Year Ended December 3! Year 3 Sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense $23.500 Salaries expense 94,900 Depreciation expense 22.300 Total operating expenses Operating income No operating Stone Interest expense Cain from the sale of marketable securities dain from the sale of Land and aguignant Net nend (211.03 71,900 (14.100) 35,600 22,100 $ 115,500 Additional Information 1. Sold land that cost $35,000 for $39,000 2. Sold equipment that cost $26.900 and had accumulated depreciation of $23,600 for $21,400. 3. Purchased new equipment for $226,200 4. Sold marketable securities that were classified as avaliable-for-sale and that cost $47100 for $82.700 5. Purchased new marketable securities, classified as available-for-sale, for $122.600 6. Paid $23.400 on the principal of the long-term note. 7. Paid off a $103,200 bond issue and issued new bonds for $206,400. $1,052,800 1269.2001 283,600 Income Statement Par the Year Ended December 31 Year 3 Sales revenue Cost of goods sold Gross profit Operating expenses Supplies expense $ 23,500 Salaries expense 94900 Depreciation expense 93 300 Tatal operating expenses Operating income Nonoperating itens Interest expense Gain from the sale of marketable necurities Gain from the sale of land and equipment Net income (211.700) 71, 900 (14,100) 35600 22100 115,500 Additional Information 1. Sold land that cost $35,000 for $39,000. 2. Sold equipment that cost $26,900 and had accumulated depreciation of $23,600 for $21.400. 3. Purchased new equipment for $226,200. 4. Sold marketable securities that were classified as available-for-sale and that cost $47100 for $82,700. 5. Purchased new marketable securities, classified as available for sale, for $122.600. 6. Paid $23.400 on the principal of the long-term note. 7. Paid off a $103,200 bond issue and issued new bonds for $206,400. 8. Sold 200 shares of treasury stock at its cost. 9. Issued some new common stock, 10. Issued some new $50 par preferred stock. 11. Pald dividends (Note: The only transactions to affect retained earnings were net income and dividends.) Stamp Clown For the Year Ended December Cash flows from operating activities: Cash Receipts from: Total cash inflows Cash payments for Total cash outflows 0 Cash flows from investing activities: M Cash flows from financing activities 0 0 Ending casti balance $ 0

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