Take Test: Assignment 2- ACCT 3331.002 - Intermediate ... Question Completion Status: QUESTION 4 8 points Save Answer Income Statement (Year 1) Selected Information from Balance Sheets (As of Year End for Years 0 and 1) Year o Year 1 Cash Accounts Receivables Inventory Property. Plant and Equipment (net) Accounts Payable Unearned Revenue Bonds Payable Common Stock Retained Earnings 1,000 1,000 5,000 12,000 5,000 2,000 5,000 3,000 5,000 2,000 5,000 4,000 11,000 4,000 1,000 6,000 4,000 7,000 Sales 20,000 Costs of Goods Sold (8,000) Wage Expense (4,000) Depreciation Expense (2,000) Loss from PP&E Sale (1,000) Net Income Before Tax 5,000 Tax Expense (2.000) Net Income 3.000 In the space provided, prepare the Operating section of the statement of cash flow for Year 1, using the indirect approach. Paragraph Arial 3 (12pt) . - E. T % T'T. Of fx Mashups - HTML CS5 Path: P Words:0 QUESTION 2 The Bolera Company had the following cash transactions during 2020. The Bolera Company uses the direct method of presenting the Statement of Cash Flows. Fill in the following table by classifying the transactions of the Bolera Company as cash flows from operating activities, investing activities or financing activities (use capitalized O. I, and F as your answer) and identifying the cash flow as an inflow or outflow (use "Inflow" and "Outflow" as your answer). Activity Inflow/Outflow Bolera paid off a loan to the bank Bolera received repayment of a loan it lent to another company Bolera received dividends from investment in Walmart Bolera paid salaries to employees Bolera issued new stock to raise fund Click Save and Submit to save and submit. Click Save All Answers to save all answers. tv TIL QUESTION 1 Stine Corp.'s trial balance reflected the following account balances at December 31, 2014: Accounts receivable (net) $19,000 Trading securities 6,000 Accumulated depreciation on equipment and furniture 15,000 Cash 16,000 Inventory 30,000 Equipment 25,000 Patent 4,000 Prepaid expenses 2,000 Land held for future business site 18,000 In Stine's December 31, 2014 balance sheet, the current assets total is [A] (please enter your answer as a whole number without any dollar sign, thousand separator, or decimal points. QUESTION 2 TL Click Save and Submit to save and submit. Click Save All Answers to save all answers. W OCT 1 tv LIL