Question 5 of 5 BALANCE SHEET DECEMBER 31, 2019 Cash $ 23,400 Accounts payable $...
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Question 5 of 5 BALANCE SHEET DECEMBER 31, 2019 Cash $ 23,400 Accounts payable $ 33,400 Accounts receivable 24,600 Bonds payable 44,400 Investments 32,000 Common stock 103,400 Plant assets (net) 84,400 Retained earnings 26,600 Land 43.400 $ 207,800 $207,800 During 2020, the following occurred, 1. Sage liquidated its available-for-sale debt investment portfolio at a loss of $ 8,400. Atract of land was purchased for $ 41,400. 2. 3. An additional $ 30,000 in common stock was issued at par. 4. 5. Dividends totaling $ 13,400 were declared and paid to stockholders. Net income for 2020 was $ 38,400, including $15,400 in depreciation expense. Land was purchased through the issuance of $ 33,400 in additional bonds. At December 31, 2020. Cash was $ 73,600, Accounts Receivable was $ 45,400, and Accounts Payable was $ 43,400 6. 7. Question 5 of 5 Prepare the unclassified balance sheet as it would appear at December 31, 2020. (List Assets in order of liquidity) SAGE INC. Balance Sheet Assets Liabilities and Stockholders' Equity $ Liabilities and Stockholders' Equity $
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