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The following information is provided for the Waif Corporation. Assets Cash Accounts receivable Inventory Land Plant and equipment Less: Accumulated depreciation Net plant and equipment
The following information is provided for the Waif Corporation. Assets Cash Accounts receivable Inventory Land Plant and equipment Less: Accumulated depreciation Net plant and equipment Total assets Balance Sheets Liabilities and Equity Accounts payable Bonds payable Common stock Retained earnings Total liabilities and shareholders' equity December 31, 20XX 206,000 55,000 During 20XX, the following occurred: 1. Net income was $91,000. 2. Bonds were retired by issuing new common stock. 3. No equipment was sold. 4. Cash dividends were paid. $54,500 64,800 142, 200 60,000 151,000 $472,500 $27,000 118,000 170,000 157,500 $472,500 December 31, 20XW 158,000 33,000 $17,400 52,200 149,300 87,000 125,000 $430,900 37,000 158,000 130,000 105,900 $430,900 a. Prepare a statement of cash flows for the Waif Corporation. (Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.)
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