only typed solution Marina CompanyBalance SheetCashAccounts receivable (net)InventoryLong-term investmentsProperty, plant & equipmentAccumulated depreciationAccounts payableAccrued liabilitiesLong-term notes payableCommon stockRetained earnings$$December 31, 201420132012231,500(37,700)$ 308,000 $$40,900 $38,30035,00017,000 $21,00070,000130,00070,000308,000 $10,20020,30042,00015,000150,000(25,000)212,50026,50017,00050,00090,00029,000212,500 In the Excel Template provided, you will nd the Balance Sheet of MarinaComp for December 31, 2013. In addition to the information on theBalance Sheet, we are presented with the following additional data relatedto current year operations: 1. Net income for the year 2013, $66,000. 2.Depreciation on plant assets for the year, $12,700. 3. Sold the long-terminvestments for $28,000 (assume gain or loss is ordinary). 4. Paiddividends of $25,000. 5. Purchased machinery costing $21, 500, paidcash. 6. Purchased machinery and gave a $60,000 long-term notepayable. 7. Paid a $40,000 long-term note payable by issuing commonstock. Using tab 2 in the Excel Template - (2) Cash Flows Statement -prepare a statement of cash ows (using the indirect method) for 2013 forMarina Company. There are a few answers inputted into the Statement tohelp get you started on the preparation

A cash flow statement is prepared to indicate the change in cash that takes place during a…

Answered: prepare a statement of cash ows (using…

prepare a statement of cash ows (using the indirect method) for 2013 for Marina Company. There are a few answers inputted into the Statement to help get you started on the preparation

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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