21. Partial balance sheet data and additional information for Deloitte Industries are given below: ...
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Accounting
21. Partial balance sheet data and additional information for Deloitte Industries are given below:
| Deloitte Industries Comparative Balance Sheet December 31, 2012 and 2011 | ||
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| Assets | 2012 | 2011 |
| Land, buildings, and equipment ............... | $325,000 | $200,000 |
| Accumulated depreciation--buildings and equipment .................................. |
(75,000) |
(50,000) |
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| Equities |
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| Common stock ($25 par)........................ | 300,000 | 200,000 |
| Additional paid-in capital ................... | 40,000 | 0 |
| Retained earnings ............................ | 30,000 | 20,000 |
Additional information:
| (a) | June 15, 2012--issued 4,000 shares of common stock for cash. |
| (b) | July 1, 2012--purchased new equipment for cash. |
| (c) | December 31, 2012--paid cash dividends of $40,000. |
Prepare the investing and financing activities sections of the statement of cash flows for the year ending December 31, 2012.
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