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On January 1, Year 2, the following information was drawn from the accounting records of Carter Company, cash of $800; land of $3,500; notes payable of $600; and common stock of $1,000. Required a & b. Determine the amount of retained earnings as of January 1. Year 2. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $1,000 cash dividend to the stockholders. Can the company pay this dividend? cto e. As of January 1. Year 2. what percentage of the assets were acquired from creditors, Investors and retained earnings? f. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation, 9-1. During Year 2, Carter Company earned cash revenue of $1,800, pald cash expenses of $1,200, and paid a cash dividend of $500. (Hint: It is helpful to record these events under an accounting equation before preparing the statements.) 9.2. Prepare an income statement dated December 31, Year 2. 9-3. Prepare a statement of changes in stockholders' equity dated December 31, Year 2 9-4. Prepare a balance sheet dated December 31, Year 2 9-5. Prepare a statement of cash flows doted December 31, Year 2. 1. What is the largest cash dividend that Carter could pay on December 31, Year 2? Complete this question by entering your answers in the tabs below. Red A and B Reg C to E ReqF Big G1 Req G2 Reg G3 Reg G4 Red GS Reg1 Determine the amount of retained earnings as of January 1, Year 2. After looking at the amount of retained earnings, the chief executive officer (CEO) wants to pay a $1,000 cash dividend to the stockholders. Can the company pay this dividend? Amount of retained earnings Can the company pay the dividend? b Roq C to E Complete this question by entering your answers in the tabs below. Req GS Reg 1 Reg G4 Req G1 Req G2 Req G3 Reg F Reg A and B Reg C to E As of January 1, Year 2, what percentage of the assets were acquired from creditors, investors and retained earnings? (Round your answer to 1 decimal place (i.e., 0.234 should be entered as 23.4).) % % d Percent of assets acquired from creditors Percent of assets acquired from investors Percent of assets acquired from retained eamings % 0 RegF > Complete this question by entering your answers in the tabs below. Req A and B Req C to E ReqF Req Req G1 Req G2 Req G3 Req G4 Req G5 Prepare a balance sheet dated December 31, Year 2. CARTER COMPANY Balance Sheet As of December 31, Year 2 Assets Total assets Liabilities Total liabilities Stockholders' equity Total stockholders' equity Total liabilities and stockholders' equity Prev 7 of 7 ER Next Complete this question by entering your answers in the tabs below. Req A and B Req C to E Reg F Req G1 Req G2 Reg G3 Req G4 Req G5 Req Prepare a statement of cash flows dated December 31, Year 2. (Amounts to be deducted should be indicate sign.) CARTER COMPANY Statement of Cash Flows For the Year Ended December 31, Year 2 Cash flows from operating activities: nces Net cash flow from operating activities Cash flows from investing activities: Cash flows from financing activities Net cash flow from financing activities Ending cash balance Jucation.com/ext/map/index.html?_con=con&external_ Saved ces On January 1, Year 2, the following information was drawn from the accounting records of Carter Company: cash of $800; land of $3,500; notes payable of $600; and common stock of $1,000. Required a & b. Determine the amount of retained earnings as of January 1, Year 2. After looking at the amount of retained earnings, the chi executive officer (CEO) wants to pay a $1,000 cash dividend to the stockholders. Can the company pay this dividend? cto e. As of January 1, Year 2, what percentage of the assets were acquired from creditors, investors and retained earnings? f. Create an accounting equation using percentages instead of dollar amounts on the right side of the equation 9-1. During Year 2, Carter Company earned cash revenue of $1,800, paid cash expenses of $1,200, and paid a cash dividend of $5 (Hint: It is helpful to record these events under an accounting equation before preparing the statements.) g-2. Prepare an income statement dated December 31, Year 2 9-3. Prepare a statement of changes in stockholders' equity dated December 31, Year 2. 9-4. Prepare a balance sheet dated December 31, Year 2 g-5. Prepare a statement of cash flows dated December 31, Year 2. 1. What is the largest cash dividend that Carter could pay on December 31, Year 2? Complete this question by entering your answers in the tabs below. Reg G4 Reg! Req G2 Reg G3 Roq G5 Reg Reg G1 Reg A and B Reg C to E What is the largest cash dividend that Carter could pay on December 31, Year 2? Maximum dividend ( Req G5 Regt

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