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FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to st B C D 1 7 The following data is provided for AZ Company 8 Debits 2021 2020 9 Cash $ 19,000 $ 9.000 10 Accounts receivable 36.000 22.000 11 Inventory 24,000 35,000 12 Equipment 170.000 90.000 13 Land 136,000 105,000 14 Treasury Stock 15,000 9.000 $ 400,000 $270,000 Change 10.000 14.000 (11,000) 80.000 31,000 6,000 17 Credits 18 Accumulated depreciation $ 45,000 $ 29,000 19 Accounts payable 23,000 19,000 20 Taxes payable 8,000 15,000 21 Bonds payable 115,000 70,000 22 Common Stock, $10 par 80,000 60,000 23 Paid-in-capital 30,000 17,000 24 Retained earnings 99.000 60.000 25 $400,000 $270,000 26 27 Other data for the year: 28 1. Net income amounted to $55,000 for 2021 29 2. Equipment costing $100,000 was purchased 30 3. Dividends declared and paid amounted to $16.000. 31 4 Fauipment costina $20 000 was sold for S4 000 when the quizSCF T-accounts Stmt of Cash Flow 16,000 4,000 (7,000) 45,000 20,000 13,000 39.000 READY N36 23 Paid-in-capital 24 Retained earnings BEC DE 30,000 _17,000 99,000 60,000 $400,000 $270,000 13,000 39,000 27 Other data for the year: 28 1. Net income amounted to $55,000 for 2021. 29 2. Equipment costing $100,000 was purchased. 30 3. Dividends declared and paid amounted to $16,000. 31 4. Equipment costing $20,000 was sold for $4,000 when the equipments' book value was $7,000 33 5. Other changes in the non-cash accounts resulted from the 34 usual transactions recored in those accounts 37 REQUIRED: 38 a) Complete the cash flow worksheet (Use the T-Accounts provided). 39 Note: Include all labels for each entry. 40 HINT: You must compute the depreciation expense after recording the gain or loss on the sale of equipment. 43 b) Prepare the formal Statement of Cash Flows for the year ending 2016. Note The Statement of Cash Flows must be prepared formally. 46 Kolo quizSCF T-accounts Stmt of Cash Flow READY JER PAGE LAYOUT FORMULAS DATA REVIEW VIEW PROTECTED VIEW Be careful files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View 4 A B C D E quizSCF Taccounts Stimt of Cash Flow READY