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Determine the impact the following transactions will have on the various components of your financial...

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Accounting

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Determine the impact the following transactions will have on the various components of your financial statements. Please only consider the transaction listed and not any adjusting entries which would occur at a later date. Please indicate negative numbers in parentheses. Ignore any changes in taxes caused by these transaction. 1. Purchased a patent for $20,000 in cash 2 Pad S500 to repair windows in the building which were damaged in the recent hail storm and it was not covered in your insurance policy) 3. Purchased a building for $400,000 and issued a 20 year note payable as payment 4. Recorded 510,000 of impairment on your equipment because of a leak in your roof damaged several machines. 5. Sold an old machine (equipment) for $46.000 in cash The machine originally cost $60.000 and had a book value of $40,000. 6. Estimated amortization on your patent to be $4,000 this year. Transaction = = 2 =6 =4 Total Assets Total Liabilities Total Stock Equity Net Income NET Cash Flow From Operating NET Cash Flow From Investing NET Cash Flow From Financing

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