Question: please answer 10 min left us: Cash Assets Notes Receivable Supplies & Inventory Prepaid expense Long-term investments Machines and tools Accumulated depreciation-equipment Total Assets Liabilities
us: Cash Assets Notes Receivable Supplies & Inventory Prepaid expense Long-term investments Machines and tools Accumulated depreciation-equipment Total Assets Liabilities & Stockholders' Equity Accounts payable $ 76,500 Bonds payable (long-term) 166,500 Common Stock 180,000 216,000 Retained Earnings Total Liabilities & Stockholders' Equity $639,000 Income Statement Information (2021): 1. Net income for the year ending December 31, 2021 is $130,500. 2. Depreciation expense is $18,000. 3. There is a loss of $9,000 resulted from the sale of long-term investment. Additional information (2021): 1. All sales and purchases of inventory are on account (or credit). 2. Received cash for the sale of long-term investments that had a cost of $81,000, yielding a S ASUS VivoB 3. Cash dividends paid is $45,000. 4. The company purchased new machines and tools for $22,500 cash. Dec 31, 2021 $351,000 72,000 81,000 31,500 0 166,500 (63,000) $639,000 Dec 31, ZUZU $58,500 63,000 121,500 54,000 81,000 144,000 (45.000) $477,000 $ 31,500 211,500 103,500 130,500 $477,000 1. All sales and purchases of inventory are on account for credit). 2. Received cash for the sale of long-term investments that had a cost of $81,000, yielding a $9,000 loss. 3. Cash dividends paid is $45,000. 4. The company purchased new machines and tools for $22,500 cash. Required: Prepare the FIRST (Operating) and the SECOND (Investing) sections of the statement of cash flows for the year ended December 31, 2021. (PLEASE PROVIDE EACH AMOUNTATEM IN A SEPARATE LINE) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). V A I. X BIUS Paragraph Arial 10pt oving to another question will save this response. !!! Rock
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