Kingbird Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash...

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Kingbird Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,810 Current liabilities 32,710 Bonds payable 121,810 Common stock Land Buildings Equipment Accum. depr-buildings Accum. depr-equipment Patents Total 1. The following information is available for 2025. 2. 3. 4, 5. 6. 7. 8. 9. 92,710 10. (31,810) (11,000) 41,810 $483,040 Retained earnings Total $151,810 Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000. 101,810 182,710 46,710 $483,040 Net Income was $54,680. Equipment (cost $21,810 and accumulated depreciation $9,810) was sold for $11,810. Depreciation expense was $5,810 on the building and $10,810 on equipment. Patent amortization was $2,500. Current assets other than cash increased by $29,000. Current liabilities increased by $14,810. An addition to the building was completed at a cost of $28,810. A long-term investment in stock was purchased for $16,000. Bonds payable of $52.710 were issued. Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Current Liabilities Loss on Sale of Equipment Patent Amortization Increase in Current Assets (Other than Cash) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Kingbird Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Sale of Equipment Addition to Building Investment in Stock Net Cash Used by Investing Activities S 16.620 14,810 190 2.500 -29,000 11,810 -28,810 -16,000 $ 54.680 5,120 59,800 -33,000 Cash Flows from Financing Activities Issuance of Bonds Payment of Dividends Purchase of Treasury Stock Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period 52.710 -30,000 -11,000 SA 11,710 38,510 82,000 120,510 Prepare a balance sheet at December 31 2025 how ay itals for current awets and current ist Property and Equipment in onder of Land ungs andament er s Kinghind Corporation Balance Sheet Assets Uddities and Stockbokfery Epity Liabilities and Stockholders' Equity 1.1 Kingbird Corporation's balance sheet at the end of 2024 included the following items. Current assets (Cash $82,000) $236,810 Current liabilities 32,710 Bonds payable 121,810 Common stock Land Buildings Equipment Accum. depr-buildings Accum. depr-equipment Patents Total 1. The following information is available for 2025. 2. 3. 4, 5. 6. 7. 8. 9. 92,710 10. (31,810) (11,000) 41,810 $483,040 Retained earnings Total $151,810 Cash dividends of $30,000 were declared and paid. Treasury stock was purchased at a cost of $11,000. 101,810 182,710 46,710 $483,040 Net Income was $54,680. Equipment (cost $21,810 and accumulated depreciation $9,810) was sold for $11,810. Depreciation expense was $5,810 on the building and $10,810 on equipment. Patent amortization was $2,500. Current assets other than cash increased by $29,000. Current liabilities increased by $14,810. An addition to the building was completed at a cost of $28,810. A long-term investment in stock was purchased for $16,000. Bonds payable of $52.710 were issued. Cash Flows from Operating Activities Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities Depreciation Expense Increase in Current Liabilities Loss on Sale of Equipment Patent Amortization Increase in Current Assets (Other than Cash) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Kingbird Corporation Statement of Cash Flows For the Year Ended December 31, 2025 Sale of Equipment Addition to Building Investment in Stock Net Cash Used by Investing Activities S 16.620 14,810 190 2.500 -29,000 11,810 -28,810 -16,000 $ 54.680 5,120 59,800 -33,000 Cash Flows from Financing Activities Issuance of Bonds Payment of Dividends Purchase of Treasury Stock Net Cash Provided by Financing Activities Net Increase in Cash Cash at Beginning of Period Cash at End of Period 52.710 -30,000 -11,000 SA 11,710 38,510 82,000 120,510 Prepare a balance sheet at December 31 2025 how ay itals for current awets and current ist Property and Equipment in onder of Land ungs andament er s Kinghind Corporation Balance Sheet Assets Uddities and Stockbokfery Epity Liabilities and Stockholders' Equity 1.1

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KINGBIRD CORPORATION CASH FLOW STATEMENT for the year ended 31122017 cash flow f... View the full answer