Thus is a homework assignment for Walsh College acc 503 spring semester 2018.

0 6 Document View ACC 303/503 Homework #2 (2) 0L Boca Inc. Balance Sheets December 31 Assets L18 Cash 110,800 Accounts Receivable 38,000 Inventory 112,500 Prepaid Expenses 26,000 Long-term Investments 109,000 Plant Assets 397,000 Accumulated depreciation M Total m Liabilities and Stockholders' Equity Accounts Payable 72,000 Accrued Expenses Payable 13,500 Dividends Payable 3,000 Bonds Payable 170,000 Common Stock 262,000 Retained Earnings 222,800 Total 74; goo Additional Information: 1, Old plant assets having an original cost of $57,500 and accumulated depreciation of $48,500 were sold for $1,500 cash. 2. A new plant asset was purchased directly in exchange for common stock valued at $42,000. 3. New bonds were issued at par for $60,000. 4. 2018 Net income was $154,480. 5. A $1,000 prior period adjustment was recorded in 2017 correcting an understatement of depreciation in 2015. The 2017 balance sheet is appropriately restated. 6. The decrease in Long-term Investments was due to a sale of investments at original cost. Required: 1. Prepare a 2018 statement of cash ows using the indirect method. Use the textbook format (pages 1,339. 1,342, 1,345]. Do not submit supporting computations. SUBMISSION INFORMATION: Submit the assignment in Excel using one page. Include your Name. Date. ACC Course, and Homework #2 in the upper left corner. .I 2017 48,400 87,800 102,850 28.400 133.000 242.500 32.139 125.259 67.300 21.000 146,000 175,000 186.650 595.950 45% - 9:50 PM Submit your assignment through the upload feature within Moodle. Assignments should not be emailed to the instructor. PLEASE BE SURE YOUR ASSIGNMENT IS ACTUALLY SUBMITTED AND NOT IN "DRAFT" STATUS. There is a requirement to click a box to acknowledge the submission is your original work to complete the submission process. lva r/ |ecabinet/temp/converter_a ssets/ec/fiS/ecf623ef3 bfc39fcc 92406 SBed 0818 209 1eaf999.docx 5/ 30/ 2013 1