a comparative balance sheet for ALPHAinc at December 31,2017 isshown below.
2017 2016 Change
cash 30,000 35,000 -5,000
accounts receivable 55,000 45,000 10,000
inventory 65,000 45,000 20,000
preppaid expense 15,000 25,000 -10,000
land 70,000 40,000 30,000
right of use of asset 100,000 0 100,000
equipment 90,000 75,000 15,000
accumulated depreciation -18,000 -8,000 -10,000
total 407,000 257,000 150,000
Accounts payable 65,000 52,000 13,000
accrued expense 15,000 18,000 3,000
notes payable 0 23,000 -23,000
bonds payable 30,000 0 30,000
lease liability 100,000 0 100,000
common stock($10par) 189,000 159,000 30,000
retained earnings 8,000 5,000 3,000
Total Liabilities and equity 407,000 257,000 150,000
Additional information and events:
a. land was acquired for $30,000 in exchange for commonstock
b. equipment purchase was for cash
c. equipment costing $13,000 was sold for $3,000 the book valueof this equipment was $ 6,000
d. Alpha entered in to a financial lease for an office buildingon december 31,2017 that the fair value was equal to the leaseliability. the initial payment is due in january of 2018
e. cash dividends of $2,000 were declared and paid during theyear.
f. net income was $5,000
Please help me prepare the operating, investing, and financialcash flow ....
