Uhura Company has decided to expand its operations. The bookkeeper recently completed the balance sheet presented below in order to obtain additional funds for expansion.

Prepare a revised balance sheet given the available information. Assume that the accumulated depreciation balance for the buildings is $164,790 and for the equipment, $109,790. The allowance for doubtful accounts has a balance of $21,790. The pension obligation is considered a long-term liability. (List Current Assets in order of liquidity. List Property, Plant and Equipment in order of Buildings and Equipment. Enter account name only and do not provide the descriptive information provided in the question.)

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Q2

Presented below is a condensed version of the comparative balance sheets for Zubin Mehta Corporation for the last two years at December 31.

Additional information: Investments were sold at a loss (not extraordinary) of $13,570; no equipment was sold; cash dividends paid were $40,710; and net income was $217,120.

Prepare a statement of cash flows for 2014 for Zubin Mehta Corporation. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

UHURA COMPANY BALANCE SHEET FOR THE YEAR ENDED 2014 Current assets Cash Accounts receivable (net) Inventory (lower-of-average-cost-or-market) Equity investments (trading)-at cost (fair value $121,580) $234,790 344,790 405,790 141,580 Property, plant, and equipment Buildings (net) Equipment (net) Land held for future use 571,580 161,580 176,580 Intangible assets Goodwill Cash surrender value of life insurance Prepaid expenses 84,790 94,790 16,790 Current liabilities Accounts payable Notes payable (due next year) Pension obligation Rent payable Premium on bonds payable 136,580 129,790 83,580 53,790 57,790 Long-term liabilities Bonds payable 501,580 Stockholders' equity Common stock, $1.00 par, authorized 400,000 shares, issued 294,790 Additional paid-in capital Retained earnings 294,790 164,790