Happy Camper Company's comparative balance sheet and additional data are shown below. EEB (Click the icon to view the comparative balance sheet.) iClick the icon to view the additional data.) Requirement Prepare the statement decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) fcash flows for the year ended December 31, 2019, using the indirect method. (Use minus sign or parentheses for amounts that result in a Net Cash Provided by (Used for) Operating Activities Choose from any list or enter any number in the input fields and then click Check Answer. parts remaining Check Answer Clear All More Info 1. The income statement for 2019 included the following items: a. Net income, $515,000 b. Depreciation expense for the year, $24,660 c. Amortization on the bonds payable, $340. 2. There were no disposals of property, plant and equipment during the year. All acquisitions of PP&E were for cash except the land, which was acquired by issuing preferred stock. 3. The company issued bonds payable with a face value of $600,000, receiving cash of $596,600 4. The company distributed 3,000 shares of common stock in a stock dividend when the market value was $7.00 per share. All other dividends were paid in cash on stock, except for the stock dividend, was issued for cash 5. The comm 6. The cash receipt from the notes payable in 2019 is considered a financing activity because it does not relate to operations. Print Done Data Table Long-Term Liabilities Notes Payable 5,760 5,760 Mortgage Payable 350,000 C Bonds Payable 600,000 0 C (3,060) Discount on Bonds Payable Total Liabilities 988,530 10,590 Stockholders' Equity Paid-In Capital: Preferred Stock 210,000 0 Paid-In Capital in Excess of Par-Preferred 390,000 0 124,000 Common Stock 194,000 Paid-In Capital in Excess of Par-Common 350,000 C 472,370 3,370 Retained Earnings 1,616,370 127,370 Total Stockholders' Equity $ 2,604,900 $ 137,960 Total Liabilities and Stockholders' Equity Print Done Data Table Canoes 12,960 12,960 Office Furniture and Equipment 100,000 0 (25,680) (1,020) Accumulated Depreciation-PP&E $ 2,604,900 $ 137,960 Total Assets Liabilities Current Liabilities: Accounts Payable 5,500 $ 2,500 Utilities Payable 410 310 Telephone Payable 720 320 Wages Payable 4,100 1,400 24,000 Notes Payable 0 Interest Payable 600 100 Unearned Revenue 200 500 Long-Term Liabilities: Notes Payable 5,760 5,760 MMartaoso Dovsbla. 250 000 Print Done Data Table Happy Camper Company Comparative Balance Sheet December 31, 2019 and 2018 2019 2018 Assets Current Assets: Cash 1,300,410 $ 6,420 Short-term Investments, net C 29,000 Accounts Receivable, net 2,200 6,200 Merchandise Inventory 900 0 Office Supplies 110 200 3,200 Prepaid Rent C Property, Plant, and Equipment: Land 660,000 60,000 Building 50,000 525,000 Print Done Happy Camper Company's comparative balance sheet and additional data are shown below. (Click the icon to view the comparative balance sheet.) (Click the icon to view the additional data.) Requirement Prepare the statement of cash flows for the year ended December 31, 2019, using the indirect method. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Happy Camper Company Statement of Cash Flows Year Ended December 31, 2019 Cash Flows From Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Choose from any list or enter any number the input fields and then click Check Answer. parts remaining Clear All Check