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what is the cash flow statement for problem 11 using the additional information

Net Income Additional information: 1. Equipment was purchased for $300,000 2. Dividends of $50,000 were declared and paid during 20x2. 3. Long-term debt of $50,000 was reclassified as current at the end of 20x2. Required: Prepare the SCF, with supplementary disclosures, for the Illini Inn using the inc . Problem 11 The CB Caf Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 20X2 Cash Marketable Securities Accounts Receivable Inventory Building Equipment Accumulated Depreciation Total Assets $ 15,000 5,000 14,000 20,000 810,000 320,000 (50,000) $1,134,000 $ 15,000 5,000 15,000 19,000 810,000 320,000 (50,000 $1,134,000 $ 18,000 20,000 80,000 $ 19,000 20,000 80,000 Current Liabilities: Accounts Payable Dividends Payable Mortgage Payable (current) Noncurrent Liabilities: Mortgage Payable Common Stock Retained Earnings Total Liabilities and Owners' Equity 600,000 400,000 16,000 $1,134,000 600,000 400,000 15.000 $1,134,000 The Statement of Cash Flows 213 mdditional information about activities in 20X2: 1. Dividends declared during 20X2 totaled $30,000. date of sale was $10,000. 2. The caf's van, which cost $25,000, was sold at a loss of $5,000. Its net book value on the 3. Marketable securities that cost $10,000 were sold for $12,000. 4. Assume current liabilities are paid on a timely basis. Required: Prepare the statement of cash flows for 20X2. Problem 12 The operations of the Molehill, a small lodging operation, are becoming more complex. She is able to present you with condensed balance sheets and some additional information The Molehill Condensed Balance Sheets December 31, 20X1 and 20X2 20X1 $ 10,000 26,500 10,000 200,000 (20,000) $226,500 Recounts Receivable svestments Equipment 20X2 $ 8,000 22,500 20,000 320,000 (59,000) $311,500 hecumulated Depreciation Total Assets Current Liabilities: Accounts Payable Dwidends Payable catent Libilities: Mortgage Payable Common Stock $ 18,000 5,000 5,000 $ 21,000 22,000 8,000 Mortgage Payable (current) 110,000 70,000 80,500 $311,500 75,000 50,000 73,500 $226,500 Red Barings Taliabilities and Owners' Equity ortation. alment.com N

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