Question: Inter Table Chart Text Shou Media Comment Collaborate 4. Use the following Comparative Balance sheet and Income Statement to prepare the CASH FLOWS FROM OPERATING
Inter Table Chart Text Shou Media Comment Collaborate 4. Use the following Comparative Balance sheet and Income Statement to prepare the CASH FLOWS FROM OPERATING ACTIVITIES SECTION OF THE CASH FLOW STATEMENT for See You in Spring Company for December 31, 2020. 25 points See You in Spring Company Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Assets Current Assets: Cash Merchandise Inventory Office Supplies Long Term Assets Building Accumulated Depreciation - Building Land $32,000 84,000 35,000 $21,000 102,000 24,000 $80,000 (10,000) 100,000 $321,000 $80,000 (5000) $80,000 $302.000 Total Assets Liabilities $27,000 16,500 $34,600 12.200 Current Liabilities Accounts payable Salaries Payable Long Term Liabilities Notes Payable Total Liabilities 80,000 95.000 $141.800 $123,500 Stockholders' Equity Common Stock, No Par Retained Earnings $75,000 122,500 $75,000 85.200 Inter Table Chart Text Shou Media Comment Collaborate 4. Use the following Comparative Balance sheet and Income Statement to prepare the CASH FLOWS FROM OPERATING ACTIVITIES SECTION OF THE CASH FLOW STATEMENT for See You in Spring Company for December 31, 2020. 25 points See You in Spring Company Comparative Balance Sheet December 31, 2020 and 2019 2020 2019 Assets Current Assets: Cash Merchandise Inventory Office Supplies Long Term Assets Building Accumulated Depreciation - Building Land $32,000 84,000 35,000 $21,000 102,000 24,000 $80,000 (10,000) 100,000 $321,000 $80,000 (5000) $80,000 $302.000 Total Assets Liabilities $27,000 16,500 $34,600 12.200 Current Liabilities Accounts payable Salaries Payable Long Term Liabilities Notes Payable Total Liabilities 80,000 95.000 $141.800 $123,500 Stockholders' Equity Common Stock, No Par Retained Earnings $75,000 122,500 $75,000 85.200
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