net income for 2021 was 10,500,000 Colossal Healthcare...
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net income for 2021 was 10,500,000
Colossal Healthcare Inc. is organized as a corporation. At the beginning of 2021 the company had the following equity account balances: repare joumal entries for the following items: 1. During 2021 the company issued 50,000 additional shares of common stock, receiving $60 per share in cash. The company acauired 20.000 shares of Treasurv Stock navino $55 ner share 3. On July1, the company declared a dividend of $100,000 on the preferred stock and $ 500,000 on the common stock to be paid in September. 4. On September 1 , the company paid the dividends mentioned in #3 above. - Provide appropriate descriptive labels for additions and reductions. Presented below is the t-account showing all increases and decreases to the cash balance of A\&M Sporting Goods for the year ending 12/31/2021. CASH FLOWS FROM INVESTING ACTIVITIES Net cash provided (used) from investing activities CASH FLOWS FROM FINANCING ACTIVITIES Net cash provided (used) from financing activities
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