Transaction Data Transaction Data for 2025: Issuance of common stock for cash $ 36,000 Payment of notes payable $ 51,100 Depreciation expense 23,000 Payment of cash dividends 45,000 Purchase of equipment with cash 73,000 Issuance of notes payable to borrow 62,000 cash Acquisition of land by issuing long-term notes 119,000 Gain on sale of building 4,000 payable Book value of building sold 60,000 Net income 71,500 Current Accounts Current Assets: 2025 2024 Cash Accounts Receivable Merchandise Inventory $ 99,700 $ 18,000 64,300 69,400 88,000 81,000 Current Liabilities: Accounts Payable 57,700 55,300 Income Tax Payable 15,000 17,200 Print Done ☑
Transaction Data Transaction Data for 2025: Issuance of common stock for cash $ 36,000 Payment of notes payable $ 51,100 Depreciation expense 23,000 Payment of cash dividends 45,000 Purchase of equipment with cash 73,000 Issuance of notes payable to borrow 62,000 cash Acquisition of land by issuing long-term notes 119,000 Gain on sale of building 4,000 payable Book value of building sold 60,000 Net income 71,500 Current Accounts Current Assets: 2025 2024 Cash Accounts Receivable Merchandise Inventory $ 99,700 $ 18,000 64,300 69,400 88,000 81,000 Current Liabilities: Accounts Payable 57,700 55,300 Income Tax Payable 15,000 17,200 Print Done ☑
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
,
Morganson, Inc. has assembled the following data for the year ended December 31, 2025:
Prepare Morganson, Inc.'s statement of
Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use a minus sign or parentheses for amounts that result in a decrease in cash. If an input field is not used in the statement, leave the field empty; do not select a label or enter a zero.)

Transcribed Image Text:Transaction Data
Transaction Data for 2025:
Issuance of common stock for cash
$ 36,000
Payment of notes payable
$ 51,100
Depreciation expense
23,000
Payment of cash dividends
45,000
Purchase of equipment with cash
73,000
Issuance of notes payable to borrow
62,000
cash
Acquisition of land by issuing long-term notes
119,000
Gain on sale of building
4,000
payable
Book value of building sold
60,000
Net income
71,500

Transcribed Image Text:Current Accounts
Current Assets:
2025
2024
Cash
Accounts Receivable
Merchandise Inventory
$
99,700 $ 18,000
64,300
69,400
88,000
81,000
Current Liabilities:
Accounts Payable
57,700
55,300
Income Tax Payable
15,000
17,200
Print
Done
☑
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