The net changes in the balance sheet accounts of Eusey, Inc. for the year 2011 are shown

Question:

The net changes in the balance sheet accounts of Eusey, Inc. for the year 2011 are shown below:

Additional Information:
1. Unaudited Income Statement data for Year Ended December 31, 2011

2. Cash dividends of $128,000 were declared December 15, 2011, payable January 15, 2012. A 5% stock dividend was issued March 31, 2011, when the market value was $22.00 per share.
3. The long-term investments were sold at a $140,000
4. A building and land which cost $480,000 and had a book value of $300,000 were sold for $400,000. The cost of the land, in cluded in the cost and book value above, was $20,000.
5. The following entry was made to record an exchange of an old machine for a new one:

6. A fully depreciated copier machine which cost $28,000 was written off.
7. Preferred stock of $60,000 par value was redeemed for $80,000; the loss was charged against earnings.
8. The company sold 12,000 shares of its common stock ($10 par) on June 15, 2011 for $25 a share. There were 87,600 shares outstanding on December 31, 2011.
9. Bonds were issued at 104 on December 31, 2011.
10. Land that was condemned had a book value of $240,000.

Requirements:
Prepare a properly formatted and complete statement of cash flows using the indirect method. Ignore taxeffects.

Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial... Par Value
Par value is the face value of a bond. Par value is important for a bond or fixed-income instrument because it determines its maturity value as well as the dollar value of coupon payments. The market price of a bond may be above or below par,...