Question: red is what I got wrong, please help me label it correctly with the right numbers. thank you. RIVERBED COMPANY COMPARATIVE BALANCE SHEET AS OF


red is what I got wrong, please help me label it correctly with the right numbers. thank you.



RIVERBED COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2020 AND 2019 2020 2019 Cash $1,770 $1,170 Receivables 1,790 1,320 Inventory 1.610 1.940 1.910 1,680 Plant assets (1,200) (1,190) Accumulated depreciation 1.300 1,420 Long-term investments (held-to-maturity) $7,180 $6,340 $1,210 $910 Accounts payable 200 240 Accrued liabilities 1,370 1,560 Bonds payable 1,880 1,740 Common stock 2,520 1,890 Retained earnings $7,180 $6,340 RIVERBED COMPANY INCOME STATEMENT FOR THE YEAR ENDED DECEMBER 31, 2020 Sales revenue $7,010 Cost of goods sold 4,730 Gross margin 2,280 W Selling and administrative expenses 930 Income from operations 1,350 Other revenues and gains Gain on sale of investments 80 Income before tax 1,430 Income tax expense 540 Net income 890 Cash dividends 260 Income retained in business $630 Additional information: During the year. $70 of common stock was issued in exchange for plant assets. No plant assets were sold in 2020. Prepare a statement of cash flows using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g.-15,000 or in parenthesis eg. (15,000).) RIVERBED COMPANY Statement of Cash Flows For the Year Ended December 31, 2020 (Indirect Method) Cash Flows from Operating Activities $ 890 Net Income Adjustments to reconcile net income to Cash Flows from Operating Activities $ 10 Depreciation Expense -80 Gain on Sale of Investments -470 Increase in Accounts Receivable 330 Decrease in Inventory 300 Increase in Accounts Payable -40 Decrease in Accrued Liabilities 50 940 Net Cash Provided by Operating Activities Cash Flows from Investing Activities Purchase of Plant Assets - 160 Sale of Investments 200 Net Cash Provided by Investing Activities 40 Cash Flows from Financing Activities Redemption of Bonds Payable -190 Issuance of Capital Stock 70 Payment of Cash Dividends -260 Net Cash Provided by Financing Activities -380 Issuance of Capital Stock 70 Payment of Cash Dividends -260 Net Cash Provided by Financing Activities -380 Net Cash Used by Financing Activities -380 Net Increase in Cash 600 Cash at Beginning of Period $ 1170 Cash at End of Period Issuance of Common Stock for Plant Assets $ 70
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