use the comparative balance sheet and the following additional info to prepare the statement of cash flows using INDIRECT method for Jan 2019 .

Statement of Retained Earnings for the month of January 2019 (see page 562 in your textbook for guidance). Note: There are no prior period adjustments and all dividends declared are cash dividends in the amount of $31,060 3. Comparativ lalanca shee t-lor-the months of December 2018 and January 2019 (See page 721 in your textbook for guidance). Required #2 Use the Comparative Balance Sheet you prepared in Required 1 and the following additional information to prepare the Statement of Cash Flows for the month of January 2019. Use the indirect method to prepare the operating activities section Issued 10,000 new shares of common stock in exchange for a piece of land. The stock was selling on the market at an average price of $10 per share on the date of sale and the par value of the stock was 50 cents. Purchased land with a cost $250,000. A down payment was made in the amount of $50,000 cash and a 10% 5-year note payable was signed for the difference . Purchased additional store equipment for $50,000 paying cash. The $10,000 notes receivable was related to the sale of merchandise inventory to a credit customer this period. Hint: The increase in notes receivable should be reported as an addition to the operating activities section of the statement of cash flows. Issued bonds with a face amount of $800,000 at 97. Hint: The amortization of the bond discount in the amount of $100 should be reported as an addition to the operating activities section Used the cash proceeds from the bond issue to pay off the mortgage payable of $200,000. The company repurchased 20,000 shares of its common stock on the open market for $9 per share The company reissued 12,000 of the treasury shares at a price of $15 per share. . . . Issued 1,500 shares of preferred stock at $105 per share. Paid cash dividends of $31,060 to preferred and common stockholders Prepared, Be Inc. Comparative Balance Sheet January 31, 2019, and December 31, 2018 DollarPercent Change Change an. 31, 2019 Dec. 31, 2018 81 Cash and cash equivalents 9 Accounts receivable 10 Interest receivable 11 Notes receivable 12 Merchandise inventory 13 Store supplies 14 Office supplies 15 Prepaid insurance 16 Total current assets 17 Property, plant and equipment, net 18 Patents 19 Total assets 687,490| 27,500 40,000 659,990 2400% -44% 60. 100% 100% -90% 100% -80% 22,540 | 60 --(17,460) 10,000 " 10,000 (44,810) 10,000 1,500r.--(1,200)| 5,190 | 10,000 50,000 3001- 796 616,380 505% 395,950 71% (700)-1% s1, 011.630-136% (200) 738,380 69,300 51757 880 122,000 950,200554,250 70,000 s746,250 Liabilities 25,000 25000 7,500 Accounts payable 7,500 o 4,778 200,000 800,000 23,900) 1,013,378 come taxes payable 0% -100% 100% 100% 100% 100% 336% 200,000 : Mortgage payable 25 Interest payable 26 Long term notes payable 27 Bonds payable 28 Discount on bonds payable 29 Total liabilities 30 31 Stockholder's Equity 32 Preferred stock 33 Common stock 34 Paid in capital in excess of par: prefe 5,000 35 Paid in capital in excess of par com 166,250 36 Paid in capitai treasury stock 37 Retiained earnings 38 Treasury stock 39 Total Stockholder's equity 40 Total liabilities and stockholder's eq (200,000) 4,778 200,000 800,000 125.9001 780,878 0 232,500 : 250,000: 100,000 7,500 71,250 400,000 105,000 150,000, 60% 5% 7,500 100% 95,000 133% 72,000 100% , (26,748) -31% (72,000) | | | 100% . ; . 4536 $1,011,630 136% 5,000 72,000 58,252 (72,000) 744,502 5,000 . 230,752 5746,250 Statement of Retained Earnings for the month of January 2019 (see page 562 in your textbook for guidance). Note: There are no prior period adjustments and all dividends declared are cash dividends in the amount of $31,060 3. Comparativ lalanca shee t-lor-the months of December 2018 and January 2019 (See page 721 in your textbook for guidance). Required #2 Use the Comparative Balance Sheet you prepared in Required 1 and the following additional information to prepare the Statement of Cash Flows for the month of January 2019. Use the indirect method to prepare the operating activities section Issued 10,000 new shares of common stock in exchange for a piece of land. The stock was selling on the market at an average price of $10 per share on the date of sale and the par value of the stock was 50 cents. Purchased land with a cost $250,000. A down payment was made in the amount of $50,000 cash and a 10% 5-year note payable was signed for the difference . Purchased additional store equipment for $50,000 paying cash. The $10,000 notes receivable was related to the sale of merchandise inventory to a credit customer this period. Hint: The increase in notes receivable should be reported as an addition to the operating activities section of the statement of cash flows. Issued bonds with a face amount of $800,000 at 97. Hint: The amortization of the bond discount in the amount of $100 should be reported as an addition to the operating activities section Used the cash proceeds from the bond issue to pay off the mortgage payable of $200,000. The company repurchased 20,000 shares of its common stock on the open market for $9 per share The company reissued 12,000 of the treasury shares at a price of $15 per share. . . . Issued 1,500 shares of preferred stock at $105 per share. Paid cash dividends of $31,060 to preferred and common stockholders Prepared, Be Inc. Comparative Balance Sheet January 31, 2019, and December 31, 2018 DollarPercent Change Change an. 31, 2019 Dec. 31, 2018 81 Cash and cash equivalents 9 Accounts receivable 10 Interest receivable 11 Notes receivable 12 Merchandise inventory 13 Store supplies 14 Office supplies 15 Prepaid insurance 16 Total current assets 17 Property, plant and equipment, net 18 Patents 19 Total assets 687,490| 27,500 40,000 659,990 2400% -44% 60. 100% 100% -90% 100% -80% 22,540 | 60 --(17,460) 10,000 " 10,000 (44,810) 10,000 1,500r.--(1,200)| 5,190 | 10,000 50,000 3001- 796 616,380 505% 395,950 71% (700)-1% s1, 011.630-136% (200) 738,380 69,300 51757 880 122,000 950,200554,250 70,000 s746,250 Liabilities 25,000 25000 7,500 Accounts payable 7,500 o 4,778 200,000 800,000 23,900) 1,013,378 come taxes payable 0% -100% 100% 100% 100% 100% 336% 200,000 : Mortgage payable 25 Interest payable 26 Long term notes payable 27 Bonds payable 28 Discount on bonds payable 29 Total liabilities 30 31 Stockholder's Equity 32 Preferred stock 33 Common stock 34 Paid in capital in excess of par: prefe 5,000 35 Paid in capital in excess of par com 166,250 36 Paid in capitai treasury stock 37 Retiained earnings 38 Treasury stock 39 Total Stockholder's equity 40 Total liabilities and stockholder's eq (200,000) 4,778 200,000 800,000 125.9001 780,878 0 232,500 : 250,000: 100,000 7,500 71,250 400,000 105,000 150,000, 60% 5% 7,500 100% 95,000 133% 72,000 100% , (26,748) -31% (72,000) | | | 100% . ; . 4536 $1,011,630 136% 5,000 72,000 58,252 (72,000) 744,502 5,000 . 230,752 5746,250