Use the following data to prepare the Indirect Cash FlowStatement for December 31, 2014:Cash...Use...

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Accounting

Use the following data to prepare the Indirect Cash FlowStatement for December 31, 2014:
Cash at End of the Year 2013 - $50,000; 2014 - $40,000
Net Income for 2014 - $130,000
Purchase of Equipment with Cash- $30,000
Non-cash Adjustments to Current Assets and Current Liabilities($90,000) **Note: This is*negative:***
Declared and paid $20,000 in Cash Dividends.
The Alpha Corporation issues $5,000,000 of 5%, 15 year bondsdated January 1, 2014, that pay interest semiannually on June 30and December 31. The bonds are issued at a price of $4,750,000
1) Prepare the journal entry to record the bond's issuance onJanuary 1, 2014.
2) Calculate the cash payment, the straight-line discountamortization, and the bond interest expense for each semi-annualperiod. (This will be the same entry over-and-over again).
3) Use #2 to prepare the first interest payment.

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In: AccountingUse the following data to prepare the Indirect Cash FlowStatement for December 31, 2014:Cash...Use the following data to prepare the Indirect Cash FlowStatement for December 31, 2014:Cash at End of the Year 2013 - $50,000; 2014 - $40,000Net Income for 2014 - $130,000Purchase of Equipment with Cash- $30,000Non-cash Adjustments to Current Assets and Current Liabilities($90,000) Note: This isnegative:Declared and paid $20,000 in Cash Dividends.The Alpha Corporation issues $5,000,000 of 5%, 15 year bondsdated January 1, 2014, that pay interest semiannually on June 30and December 31. The bonds are issued at a price of $4,750,0001) Prepare the journal entry to record the bond's issuance onJanuary 1, 2014.2) Calculate the cash payment, the straight-line discountamortization, and the bond interest expense for each semi-annualperiod. (This will be the same entry over-and-over again).3) Use #2 to prepare the first interest payment.