Question

help completing balance sheet

Jobim Inc., had the following condensed balance sheet at the end of operation Cash Current assets other than cash Investments Plant assets (net) Land ORIMINE BALANCE SHEET DECEMBER 2013 $8,010 Current liabilities 28,660 Long-term notes payable 19,840 Bonds payable 67,170 Capital stock 40,360 Retained earnings $164,040 $15,110 25,620 25,370 75,210 22,730 $164,040 During 2014, the following occurred. 1. A tract of land was purchased for $11,390. 2. Bonds payable in the amount of $20,150 were retired at par. 3. An additional $10,350 in capital stock was issued at par. 4. Dividends totaling $9,282 were paid to stockholders. 5. Net income was $30,730 after deducting depreciation of $13.420. 6. Land was purchased through the issuance of $22,830 in bonds. 7. Jobim Inc. sold part of its investment portfolio for $12,710. This transaction resulted in a gain of $1.500 for the company. The company dassifies the investments as available for sale. 8. Both current assets (other than cash) and current abilities remained at the same v (a) Your answer is correct. Prepare a statement of cash flows for 2014 using the indirect method. (Show amounts that decrease cash flow with either a sign .g. -15,000 or in parenthesis e.o. (15.000).) JOBIM INC. Statement of Cash Hows For the Year Ended December 31, 2014 Cash Flows from Operating Activities 30730 Net Income Adjustments to reconcile net income to Net Cash Provided by Operating Activities T Depreciation Expense Net Cash Provided by Opera

Answer 1

invertrnentts Dr Cr 13 to bulana bd ,f40 bank Alc 19410 C sale protecdo) Dn sale T0 balan te cld 8,630 1,340 1,340 Plant dyrector bulante- Arsects= 67T0-13,420 -7 $53,750 Bonds ope retred Paaned 17 25,370-20,IS0 +2980 -428, 050

Current Assets 38I848 Ofhers 8,30 Snvestments TO tal CurrentAets and Equiprent plant Prpety u580 Land 5850 Plact assets t28, 330 Totat Totul ase ts 198,518 15 110 Currert liabCs toalnies 25,620 ong tm 261050 Nots 7Otal tong term liaiitis 3,6T0 Sharholdu Rutained any u4,1 ।२१३ 38 otd shareholdrs TO 1iabishes ayy ।१४। ऽ। १ 1