Below is the comparative balance sheet for Grouper Corporation. Dec. 31, 2025 Dec. 31, 2024 Cash $16,400 $20,800 Short-term investments 24,800 18,900 Accounts receivable 43,100 45,000 Allowance for doubtful accounts (1,700) (2,100) Prepaid expenses 4,300 2,600 Inventory 81,100 65,200 Land 50,000 50,000 Buildings 126,000 72,800 Accumulated depreciation-buildings (29,900) (23,200) Equipment 52,500 45,800 Accumulated depreciation-equipment (19,100) (15,300) Delivery equipment 39,300 39,300 Accumulated depreciation-delivery equipment (21,900) (20,700) Patents 14,900 -0- $379,800 $299,100 Accounts payable $26,000 $15,800 Short-term notes payable (trade) 3,900 6,100 Accrued payables 3,000 4,600 Mortgage payable 72,300 53,200 Bonds payable 49,500 62,000 Common stock 139,400 101,000 Paid-in capital in excess of par 9,900 4,000 Retained earnings 75,800 52,400 $379,800 $299,100 Dividends in the amount of $14,900 were declared and paid in 2025. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short- term investments are considered available-for-sale debt securities and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) GROUPER CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 Cash Debits Balance at 12/31/24 Debit $20,800 Short-term investments Accounts receivable Prepaid expenses 18,900 45,000 2,600 Inventory 65,200 Land 50,000 Buildings 72,800 Equipment 45,800 2025 Reconciling Items Credit 1 Equipment Equipment (Delivery) Patents Total debits Accounts payable 45,800 39,300 $360,400 Credits $15,800 $ Notes payable 6,100 Accrued payables 4,600 Allowance for doubtful accounts 2,100 Accumulated depreciation-building 23,200 Accumulated depreciation-equipment 15,300 Accumulated depreciation-delivery equipment 20,700 Credits Accounts payable $15,800 $ Notes payable 6,100 Accrued payables 4,600 Allowance for doubtful accounts 2,100 Accumulated depreciation-building 23,200 Accumulated depreciation-equipment 15,300 Accumulated depreciation-delivery equipment 20,700 Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Paid-in capital in excess of pr Retaining Total Statement of Cash Flows Effects 4,000 52,400 $350,100 Statement of Cash Flows Effects 11 Totals Totals 53,200 62,000 101,000 4,000

Below is the comparative balance sheet for Grouper Corporation. Dec. 31, 2025 Dec. 31, 2024 Cash $16,400 $20,800 Short-term investments 24,800 18,900 Accounts receivable 43,100 45,000 Allowance for doubtful accounts (1,700) (2,100) Prepaid expenses 4,300 2,600 Inventory 81,100 65,200 Land 50,000 50,000 Buildings 126,000 72,800 Accumulated depreciation-buildings (29,900) (23,200) Equipment 52,500 45,800 Accumulated depreciation-equipment (19,100) (15,300) Delivery equipment 39,300 39,300 Accumulated depreciation-delivery equipment (21,900) (20,700) Patents 14,900 -0- $379,800 $299,100 Accounts payable $26,000 $15,800 Short-term notes payable (trade) 3,900 6,100 Accrued payables 3,000 4,600 Mortgage payable 72,300 53,200 Bonds payable 49,500 62,000 Common stock 139,400 101,000 Paid-in capital in excess of par 9,900 4,000 Retained earnings 75,800 52,400 $379,800 $299,100 Dividends in the amount of $14,900 were declared and paid in 2025. From this information, prepare a worksheet for a statement of cash flows. Make reasonable assumptions as appropriate. The short- term investments are considered available-for-sale debt securities and no unrealized gains or losses have occurred on these securities. (Enter amounts either in debit or in credit column in Statement of Cash Flows Effects except for totals.) GROUPER CORPORATION WORKSHEET FOR PREPARATION OF STATEMENT OF CASH FLOWS For the Year Ended December 31, 2025 Cash Debits Balance at 12/31/24 Debit $20,800 Short-term investments Accounts receivable Prepaid expenses 18,900 45,000 2,600 Inventory 65,200 Land 50,000 Buildings 72,800 Equipment 45,800 2025 Reconciling Items Credit 1 Equipment Equipment (Delivery) Patents Total debits Accounts payable 45,800 39,300 $360,400 Credits $15,800 $ Notes payable 6,100 Accrued payables 4,600 Allowance for doubtful accounts 2,100 Accumulated depreciation-building 23,200 Accumulated depreciation-equipment 15,300 Accumulated depreciation-delivery equipment 20,700 Credits Accounts payable $15,800 $ Notes payable 6,100 Accrued payables 4,600 Allowance for doubtful accounts 2,100 Accumulated depreciation-building 23,200 Accumulated depreciation-equipment 15,300 Accumulated depreciation-delivery equipment 20,700 Mortgage payable Bonds payable Common stock Paid-in capital in excess of par Paid-in capital in excess of pr Retaining Total Statement of Cash Flows Effects 4,000 52,400 $350,100 Statement of Cash Flows Effects 11 Totals Totals 53,200 62,000 101,000 4,000

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 16P: Ratios Analyses: McCormick Refer to the information for McCormick above. Additional information for...

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