TODD CORP. SFP @ DEC 31 2024	2024	2023
Cash	$129,000	$90,000
Investments Short Term (Common Shares)	$18,000	$-
Accounts Receivable	$126,000	$102,000
Inventory	$90,000	$60,000
Investments Long Term	$60,000	$-
Property, Plant and Equipemt (Net)	$354,000	$360,000
Patent (net)	$16,200	$18,000
Other Assets	$42,000	$42,000
TOTAL ASSETS	$835,200	$672,000
Accounts Payable	$132,000	$72,000
Accrued Expenses Payable	$52,200	$-
Bonds Payable	$120,000	$240,000
Common Shares	$267,000	$210,000
Retained earnngs	$264,000	$150,000
TOTAL Debt & Equity	$835,200	$672,000
TODD CORP. SCI Y/E Dec 31 2024
Netr Sales Revenue	$624,000
Cost Goods Sold	$(330,000)
GROSS PROFIT	$294,000
EXPENSES
Deprecitaion	$(48,000)
Amortization Patent	$(1,800)
Other	$(106,200)
Net Earnngs and Conprehensive Income	$138,000
Sold Equipment Cost	$66,000
Sold Equipment book value	$20,000
Purchase NEW EQUIP;
Common Shares Issued in Part Payment
Bonds RePaid @ maturity
Amortization Bond discount in 2025	$2,000
prior to maturity

A5-21 Statement of Cash Flow-Optional Spreadsheet: Todd Corp. reported the following in its 20X4 financial statements: TODD CORP. Statement of Comprehensive Income For the year ended 31 December 20X4 Sales $ 624,000 Cost of goods sold Depreciation expense Patent amortization (330,000) (48,000) (1,800) (106,200) Remaining expenses Net earnings and comprehensive income $ 138,000 TODD CORP. Statement of Financial Position As of 31 December 20X4 20X3 Cash $129,000 $ 90,000 Investments, short-term (common shares) 18.000 Accounts receivable 126.000 102,000 Inventory 90,000 60.000 60,000 investments, long-term Property, plant, and equipment (net) Patent (net) 354,000 360,000 16,200 18,000 42,000 42.000 Other assets Total $835 200 $ 672.000 TEINN Total $835,200 $ 672,000 $132.000 $ 72,000 Accounts payable Accrued expenses payable Bonds payable $2,200 120,000 240,000 Common shares 267.000 210,000 Retained earnings 264.000 150.000 Total $835.200 $ 672.000 Required: 1. Prepare the SCF using the indirect method. Assume that unexplained changes in the accounts are caused by logical transactions. Omit separate disclosure of cash paid for interest and income tax. The solution to this assignment features an optional spreadsheet. 2. Prepare the operating activities section of the SCF using the direct method. Page 289