edybuza764
07.06.2020 •
Business
The comparative balance sheet of Yellow Dog Enterprises Inc. at December 31, 20Y8 and 20Y7, is as follows: Dec. 31, 20Y8 Dec. 31, 20Y7 Assets Cash $81,930 $100,510 Accounts receivable (net) 125,890 135,490 Merchandise inventory 179,840 167,930 Prepaid expenses 7,330 5,090 Equipment 366,340 300,880 Accumulated depreciation-equipment (95,250) (73,790) Total assets $666,080 $636,110 Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) $139,880 $132,950 Mortgage note payable 0 190,830 Common stock, $1 par 21,000 13,000 Paid-in capital: Excess of issue price over par-common stock 299,000 179,000 Retained earnings 206,200 120,330 Total liabilities and stockholders’ equity $666,080 $636,110 Additional data obtained from the income statement and from an examination of the accounts in the ledger for 20Y8 are as follows: Net income, $219,830. Depreciation reported on the income statement, $46,430. Equipment was purchased at a cost of $90,430, and fully depreciated equipment costing $24,970 was discarded, with no salvage realized. The mortgage note payable was not due for six years, but the terms permitted earlier payment without penalty. 8,000 shares of common stock were issued at $16 for cash. Cash dividends declared and paid, $133,960. Required: Prepare a statement of cash flows, using the indirect method. Use the minus sign to indicate cash outflows, cash payments, decreases in cash, or any negative adjustments.
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Ответ:
Yayyy! Thanks so much Kayte :) You're the best!
Explanation: