Please do Cashflow statement. Comparative Balance SheetsFor 20X1 and 20X2Year-EndYear-End20X120X2AssetsCurrent assets:S 70,000$ 100,000CashAccounts receivable (net)300,000350,000Inventory410,000430,000Prepaid expenses50,00030,000$ 830,000$ 910,000Total current assetsInvestments (long-term securities)80,00070,000Plant and equipment2,000,0002,400,000Less: Accumulated depreciation1,000,0001,150,000$ 1,000,000$ 1,910,000$ 1,250,000$ 2,230,000Net plant and equipmentTotal assetsLiabilities and Stockholders' EquityCurrent liabilities:Accounts payable$ 250,000$ 440,000Notes payable400,000400,000Accrued expenses70,00050,000$ 720,000Ş 890,000Total current liabilitiesLong-term liabilities:Bonds payable, 20X270,000120,000Ş 790,000$ 1,010,000Total liabilitiesStockholders' equity:Preferred stock, $100 par value90,00090,000Common stock, $1 par value120,000120,000 Capital paid in excess of par410,000410,000Retained earnings500,000600,000Total stockholders' equity$ 1,120,000S 1,220,000Total liabilities and stockholders' equity$ 1,910,000S 2,230.000page 57

Cash flows statement is one of the financial statement of business, which shows all cash inflows and…

Answered: Please do Cashflow statement.

Business

Accounting

Please do Cashflow statement.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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