Question: Answer the question given the following data: Assets Liabilities 2022 2023 2022 2023 Cash $ 15,000 $ 24,000 Accounts Payable $ 30,000 $ 20,000 Accounts
Answer the question given the following data:
| Assets | Liabilities | |||||||||
| 2022 | 2023 | 2022 | 2023 | |||||||
| Cash | $ 15,000 | $ 24,000 | Accounts Payable | $ 30,000 | $ 20,000 | |||||
| Accounts Receivable | $ 40,000 | $ 37,000 | Salaries Payable | $ 5,000 | $ 7,000 | |||||
| Prepaid Expenses | $ 10,000 | $ 15,000 | Current Liabilities | $ 35,000 | $ 27,000 | |||||
| Current Assets | $ 65,000 | $ 76,000 | ||||||||
| Notes Payable | $ 50,000 | $ 70,000 | ||||||||
| Fixed Assets | $ 105,000 | $ 140,000 | ||||||||
| Accumulated Depreciation | $ (25,000) | $ (28,000) | Total Liabilities | $ 85,000 | $ 97,000 | |||||
| Net Fixed Assets | $ 80,000 | $ 112,000 | ||||||||
| Equity | ||||||||||
| Common Stock, Par Value | $ 4,000 | $ 6,000 | ||||||||
| Additional Paid in Capital | $ 40,000 | $ 60,000 | ||||||||
| Treasury Stock | $ (2,000) | $ (4,000) | ||||||||
| Retained Earnings | $ 18,000 | $ 29,000 | ||||||||
| Total Equity | $ 60,000 | $ 91,000 | ||||||||
| Total Assets | $ 145,000 | $ 188,000 | Total Liabilities & Equity | $ 145,000 | $ 188,000 | |||||
| Information for 2023: | ||||||||||
| 1). Net Income was $14,000 | ||||||||||
| 2). Dividends declared and paid were $3,000 | ||||||||||
| 3). Depreciation Expense was $7,000 | ||||||||||
| 4). As of Jan 1, 2023, 4,000 shares of $1 par value common stock were issued. | ||||||||||
| 5). As of Jan 1, 2023, 1000 shares were reacquired. | ||||||||||
| 6). Fixed assets that cost $10,000, had accumulated depreciation of $4,000 were sold for $7,000 | ||||||||||
| 7). 1,000 shares of stock were reacquired during the year. | ||||||||||
| 8) An additional loan of $20,000 was taken out during the year. | ||||||||||
1) What is the change in cash in 2023?
2) What is the change in cash from operations?
3) What is the change in cash from investing activities?
4) What is the change in cash from financing activities?
5) What is the adjustment in operating activities related to the sale of the fixed asset in 2023?
6) What is the adjustment in operating activities related to the change in A/R? in 2023?
7) What is the adjustment in investing activities related to the purchase of fixed assets during 2023?
8) What is the adjustment in investing activities related to the sale of fixed assets in 2023?
9) What is the adjustment in financing activities related to the dividends paid during 2023?
10) What is the adjustment in financing activities related to the stock issued during 2023?
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