The records of Bernard Company showed the following data:

Changes

Cash

Accounts Receivable

Allow for Bad debts

Inventory

Plant and Equipment

Accumulated Depreciation

Investments

Patents

Totals

Accounts Payable

Accrued Liabilities

Bonds Payable

Discount on Bonds Payable

Common Stock $about

Paid in Capital

Retained Earnings

Totals

Additional Information

Dividends declared and paid $

Equipment with a cost of and accumulated depreciation of was sold for $

Cash paid for investments $ Other investments were sold at a loss.

On July Rudy retired the bonds outstanding at a price of $ Discount amortization on the bonds from January to July totaled $

Major equipment was purchased was acquired by issuing shares of common stock when the market was $ and cash of $

Patents were amortized during the year.

Bad Debt Expense of was recorded and included under other operating expenses.

Bernard\'s Income Statement for the year ending December revealed the following:

Revenues

Sales $

Gain on Bond Retirement

Total $

Expenses

Cost of Goods Sold $

Depreciation

Other Operating Expenses

Amortization of patents

Interest expense

Loss on sale of investments

Loss on sale of equipment

Income Tax Expense

Total $

Net Income $

On the next tab, complete the SOCF for BOTH the Statement of Cash Flows under both the direct and indirect methods for For the direct method, only the operating section is needed. For the exam, you will be given a format similar to the SOCF tab. You may choose to also complete the worksheet but please note, you will not be given the excel worksheet for the exam.