can you assist on this Assets Dec 31 2013 Dec 31 2012 cash $128,275, $157,325 A/R $196,525 $211,750 merchandise inventory $281,400 $261,800 prepaid expenses
$11,725 $8,400 equipment $573,125 $469,875 accumulated depreciation $(149,450) $(115,675) A/P $218,925 $207,900 mortgage note payable $0 $294,000 common stock 1$
par $91,000 $ 21,000 paid in capital $ 455,000 $ 280,000 Retained earnings $276,675 $190,575 additional data, obtained from the income statement and from an
examination of the accounts in the ledger for 2012 are as follows: A. net income is $220,500 b. depreciation reported on the income statement $72,975 c. equipment
was purchased at a cost of $142,450 and fully depreciated equipment costing $39,200 was discarded with no salvage realized d the mortgage note payable was not due
until 2014 but the terms permitted earlier payment without penalty e. 70000 shares of common stock were issued at $35 for cash f. cash dividends declared and paid
$134,400 using the indirect method prepare a statement of cash flows
$11,725 $8,400 equipment $573,125 $469,875 accumulated depreciation $(149,450) $(115,675) A/P $218,925 $207,900 mortgage note payable $0 $294,000 common stock 1$
par $91,000 $ 21,000 paid in capital $ 455,000 $ 280,000 Retained earnings $276,675 $190,575 additional data, obtained from the income statement and from an
examination of the accounts in the ledger for 2012 are as follows: A. net income is $220,500 b. depreciation reported on the income statement $72,975 c. equipment
was purchased at a cost of $142,450 and fully depreciated equipment costing $39,200 was discarded with no salvage realized d the mortgage note payable was not due
until 2014 but the terms permitted earlier payment without penalty e. 70000 shares of common stock were issued at $35 for cash f. cash dividends declared and paid
$134,400 using the indirect method prepare a statement of cash flows
