Woddell Company hod the following bolances in its accounting records as of December 31, Year 1: The following accounting events apply to Waddell Company's Year 2 fiscal year: Jan. 1 Acquired \$5e, eae cash from the issue of comnan stack. Feb. 1 Paid $5,400 cash in advance for a one-year lease for office space. Mar. 1 paid a $2,4ea cash dividend to the stockholders. Apr. 1 Purchased additional land that cost $28, eee cash. May 1 Made a cash paynent on accounts paysble of $11, eed. July 1 Received \$s, eea cash in advance as a retainer for services to be perforned monthly over the coming year. Sept. 1 sold land for $20, ere cash that had originally cost $20, eae. Dct. 1 Purchased $950 of supplies on account. Dec. 31 Earned $57, eae of service revenue on account during the year. 31 Received cash collections from accounts receivable anounting to $59, ebe. 31 Incurred other operating expenses on account during the year that anounted to $11, eae. 31 Recognized accrued salaries expense of $4,2Be. 31 Had $120 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a market value of $44, eae. Required Based on the preceding information, onswer the following questions for Woddell Company. All questions pertain to the Year 2 finsncisl ststements. (Hint. Enter items in general ledger accounts under the occounting equation before snswering the questions.) a. What amount would Woddell report for land on the belance sheet? b. What amount of net cash flow from operating activities would be reported on the statement of cash flows? c. What amount of rent expense would be reported on the income statement? d. What amount of total liabilities would be reported on the balance sheet? e. What smount of supplies expense would be reported on the income statement? f. What amount of unesrned revenue would be reported on the bolance sheet? g. What amount of net cash flow from investing activities would be reported on the statement of cash flows? h. What amount of total expenses would be reported on the income statement? I. What smount of service revenue would be reported on the income statement? 1. What amount of cash flows from financing activities would be reported on the statement of cosh flows? k. What smount of net income would be reported on the income stotement? l. What amount of retained earnings would be reported on the balance sheet? Complete this question by entering your answers in the tabs below. The following accounting events apply to Waddell Company's Year 2 fiscol year: Jan. 1 Acquired $50, eae cash from the issue of comnon stock. Feb. 1 Paid $5,490 cash in advance for a concycar lease for office space. Mar. 1 Paid a $2,489 cash dividend to the stockholders. Apr. 1 purchased additional land that cost $28,0e0 cash. May 1 Made a cash paynent on accounts payable of $11, eed. Sept. 1 Sold land for $2,e cash that had originally cost $20,090. Det. 1 Purchased $950 of supplics on account. Dec. 31 Earned $57, bae of service revenue co account during the year. 31 Received cash collections fron accounts reccivable anounting to \$59, 909. 31 Incurred other operating expenses on account during the year that anounted to $11, eag. 31 Recognized accrucd salaries expense of $4,2E. 31 Had $120 of supplies on hand at the end of the period. 31 The land purchased on April 1 had a narket value of $44, eae. Required Based on the preceding information, onswer the following questions for Woddell Company. All questions pertain to the Year 2 financial statements. (Hint. Enter items in general ledger accounts under the accounting equation before snswering the questions.) a. What amount would Woddell report for land on the balance sheet? b. What amount of net cash flow from operating activities would be reported on the statement of cash flows? c. What amount of rent expense would be reported on the income statement? d. What amount of total liabilities would be reported on the balance sheet? e. What smount of supplies expense would be reported on the income statement? f. What amount of unearned revenue would be reported on the bolance sheet? g. What amount of net cash flow from investing activities would be reported on the statement of cash flows? h. What omount of total expenses would be reported on the income statement? l. What amount of service revenue would be reported on the income statement? 1. What amount of cash flows from finencing octivities would be reported on the statement of cosh flows? k. What smount of net income would be reported on the income statement? l. What amount of retained earnings would be reported on the balance sheet? Complete this question by entering your answers in the tabs below. What amount would Waddell report for land on the balance sheet? What amount of net cash flow from operating activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.) What amount of rent expense would be reported on the income statement? (Do not round intermediate calculations.) What amount of total liabilities would be reported on the balance sheet? What amount of supplies expense would be reported on the income statement? What amount of unearned revenue would be reported on the balance sheet? (Do not round intermediate calculations.) What amount of net cash flow from investing activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.) What amount of total expenses would be reported on the income statement? (Do not round intermediate calculations.) What amount of service revenue would be reported on the income statement? (Do not round intermediate calculations.) What amount of cash flows from financing activities would be reported on the statement of cash flows? (Enter cash outflows as negative amounts.) What amount of net income would be reported on the income statement? (Do not round intermediate calculations.) What amount of retained earnings would be reported on the balance sheet? (Do not round intermediate calculations.)