Question: please help! now.com Hastery Problem Statement of Cash Flows Champion og In Ching, Inc. small actuar card of all you have reportal for your first





now.com Hastery Problem Statement of Cash Flows Champion og In Ching, Inc. small actuar card of all you have reportal for your first day of work and the couny is in an upros Yearly financial statements are being red, but couter mailin f the company w 2000.com detaily the company balance sheet ong with almost all related wept the comany's stament of caths. The IT partnering secara backup, lutes that the dute about us Unutate financial statement to be presentata delen meting on the comany with the prestatement of how the your believes the maing data for the bence she can be preparat ngement of cash and the task since you were to student in your business school che there wil pe to the stockholdering and reso traductory In dit to the statement the town survived the course The investments and for $280,000 ch out word for 3152.000 cash Land was for $325,000 There were disposal of during the 12.500 shares of consteck sold for the Thereva 196.000 et Baming for cash didenda dered Statement of a Yard the foot pred that the shortening rum the There Championship flexing, Inc. Statement of Cash Flow Mastery Problem: Statement of Cash Flows Championship Boxing, Inc. Championship Boxing, Inc. is a small manufacturer of cardboard boxes of all sizes. Yo prepared, but a computer malfunction of the company's new BOX-9000 computer ha statement of cash flows. The IT department is working to retrieve earlier backups, bu Unfortunately, financial statements are to be presented at a stockholders' meeting in so your new supervisor believes the missing data for the balance sheet can be prepa class. Meanwhile, the supervisor will go to the stockholders' meeting and give some . . In addition to the statement of cash flows, the following data survived the computer The investments were sold for $280,000 cash. Equipment was acquired for $152,000 cash. Land was acquired for $326,000 cash. There were no disposals of equipment during the year. 12,500 shares of common stock were sold for cash during the year. There was a $95,000 debit to retained Earnings for cash dividends declared. Statement of Cash Flows . . Your supervisor has provided you with the following statement of cash flows, prepare activities, cash flows from investing activities, and cash flows from financing activitie Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from (used for operating activities: Net income si Adjustments to reconcile net income to net cash flow from operating activities: Depreciation Gain on sale of investments Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from (used for) operating activities: $186,540 Net income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation 18,400 (50,000) (25,390) (33,350) 41,070 (12,460) $ 124,810 Gain on sale of investments Changes in current operating assets and liabilities: Increase in accounts receivable Increase in inventories Increase in accounts payable Decrease in accrued expenses payable Net cash flow from operating activities Cash flows from (used for) investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipment Net cash flow used for investing activities Cash flows from (used for) financing activities Cash received from sale of common stock Cash paid for dividends $280,000 (326,000) (152,000) (198,000) $187.500 (91,200) Net cash flow from financing activities 96,300 Net increase in cash $23.110 (198,000) $187,500 Net cash flow used for investing activities Cash flows from (used for) financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flow from financing activities Net increase in cash (91,200) 96,300 $23,110 585,920 Cash balance, January 1, 2048 $609,030 Cash balance, December 31, 2048 Balance Sheet Using the information on above, complete the following comparative balance sheet. Championship Boxing, Inc. Comparative Balance Sheet December 31, 2018 and 2017 20Y8 2017 Assets 3585.920 Cash 230,970 Accounts receivable (net) 618,420 inventories 0 Investments 0 Land 705.120 Equipment Accumulated depreciation equipment 265.400) Championship Boxing, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Assets $585,920 Cash 230,970 Accounts receivable (net) 618,420 Inventories 0 Investments 0 Land Equipment 705,120 (166,400) Accumulated depreciation-equipment Total assets Liabilities $391,830 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) 41,160 19,200 Dividends payable Total liabilities $498,060 Stockholders' Equity Common stock, 54 par $100,000 $585,920 Cash 230,970 Accounts receivable (net) 618,420 Inventories 0 Investments Land 705,120 Equipment Accumulated depreciation-equipment (166,400) Total assets Liabilities $391,830 41,160 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable 19,200 5498,060 Total liabilities Stockholders' Equity $100.000 Common stock, 54 par 280.000 Paid-in capital in excess of par Retained earnings Total stockholders' equity 51,858,430 Total liabilities and stockholders' equity
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