The records of the Laura Company provided the following information for the year ended December 31,...

 

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The records of the Laura Company provided the following information for the year ended December 31, 2020. Prepare a statement of cash flows, using the indirect method. Balance Sheet Cash Accounts receivable. Allowance for doubtful accounts. Inventory... Long-term investment. Operational assets. Accumulated depreciation. Land.. Total.. Accounts payable. Wages payable.. Interest payable. Notes payable, long-term . Common stock.... Additional paid-in capital. Retained earnings... Total...... Laura had the following transactions during the year: Declared a cash dividend of $5,000 for 2020. January 1, December 31, 2020 2020 $ 15,000 30,000 (1,500) 10,000 2,400 80,000 (20,000) 40.100 $156,000 $ 10,000 2,000 20,000 80,000 20,000 24.000 $156,000 $ 31,000 28,500 (2,000) 15,000 1,400 81,000 (16,000) 81.100 $220,000 $ 11,000 1,000 1,000 46,000 110,000 26,000 25.000 $220,000 Recorded the loss resulting from its 25% equity-based investment in the DEM Corporation's 2020 net loss of $4,000. Sold an operational asset for $4,000 in cash; the asset had an original cost basis of $15,000 and a carrying value at disposition of $6,000. Acquired land valued at $21,000 and issued common stock in exchange. Acquired operational assets costing $16,000 in exchange for a note payable bearing interest at 5%. Settled a $10,000 long-term note payable by issuing common stock to the creditor. The records of the Laura Company provided the following information for the year ended December 31, 2020. Prepare a statement of cash flows, using the indirect method. Balance Sheet Cash Accounts receivable. Allowance for doubtful accounts. Inventory... Long-term investment. Operational assets. Accumulated depreciation. Land.. Total.. Accounts payable. Wages payable.. Interest payable. Notes payable, long-term . Common stock.... Additional paid-in capital. Retained earnings... Total...... Laura had the following transactions during the year: Declared a cash dividend of $5,000 for 2020. January 1, December 31, 2020 2020 $ 15,000 30,000 (1,500) 10,000 2,400 80,000 (20,000) 40.100 $156,000 $ 10,000 2,000 20,000 80,000 20,000 24.000 $156,000 $ 31,000 28,500 (2,000) 15,000 1,400 81,000 (16,000) 81.100 $220,000 $ 11,000 1,000 1,000 46,000 110,000 26,000 25.000 $220,000 Recorded the loss resulting from its 25% equity-based investment in the DEM Corporation's 2020 net loss of $4,000. Sold an operational asset for $4,000 in cash; the asset had an original cost basis of $15,000 and a carrying value at disposition of $6,000. Acquired land valued at $21,000 and issued common stock in exchange. Acquired operational assets costing $16,000 in exchange for a note payable bearing interest at 5%. Settled a $10,000 long-term note payable by issuing common stock to the creditor.