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these cash flows are killing me pls help ): SHAMROCK INC. BALANCE SHEET DECEMBER 31, 2019 Cash $ 23,080 Accounts payable $ 33,080 Accounts receivable
these cash flows are killing me pls help ):
SHAMROCK INC. BALANCE SHEET DECEMBER 31, 2019 Cash $ 23,080 Accounts payable $ 33,080 Accounts receivable 24,280 Bonds payable 44,080 32,000 Common stock 103,080 Investments Plant assets (net) 84,080 Retained earnings 26,280 Land 43,080 $ 206,520 $ 206,520 During 2020, the following occurred. 1. 2. 3. Shamrock liquidated its available-for-sale debt investment portfolio at a loss of $ 8,080. Atract of land was purchased for $ 41,080. An additional $ 30,000 in common stock was issued at par. Dividends totaling $ 13,080 were declared and paid to stockholders. Net income for 2020 was $ 38,080, including $ 15,080 in depreciation expense. Land was purchased through the issuance of $ 33,080 in additional bonds. 4. 5. 6. 7. At December 31, 2020, Cash was $ 73,280, Accounts Receivable was $ 45,080, and Accounts Payable was $ 43,080. SHAMROCK INC. Statement of Cash Flows For the Year Ended December 31, 2020 $ Adjustments to reconcile net income to A > > > > Land purchased through issuance of $ of bondsStep by Step Solution
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