Answered Essay: Assets Cash Accounts receivable Inventories Land Equipment Accumulated deprecia

Date: Name: AE13-8 Here are comparative balance sheets for Taguchi Company TAGUCHI COMPANY Comparative Balance Sheets December 3 2011 2010 Assets Cash Accounts receivable Inventories Land Equipment Accumulated depreciation 73,075 85,821 169,789 72,820 258,087 65,411 $594,181 $20,114 74,753 186,323 100,347 198,549 30,507 5549.579 Total kholde abilities an Accounts payable Bonds payable Common stock ($1 par) Retained earnings UI $40,234 146,400 215,000 192,547 94.181 $46,383 204,800 172,000 126,396 549,579 Total Additional information 1. Net income for 2011 was $101.635 2. Cash dividends of $35,484 were declared and paid. 3. Bonds payable amounting to $58,400 were redeemed for cash $58,400 4. Common stock was issued for $43,000 cash. 5. No equipment was sold during 2011, but land was sold at cost. Complete the statement of cash flows for 2011 using the indirect method. (List amo

Date: Name: AE13-8 Here are comparative balance sheets for Taguchi Company TAGUCHI COMPANY Comparative Balance Sheets December 3 2011 2010 Assets Cash Accounts receivable Inventories Land Equipment Accumulated depreciation 73,075 85,821 169,789 72,820 258,087 65,411 $594,181 $20,114 74,753 186,323 100,347 198,549 30,507 5549.579 Total kholde abilities an Accounts payable Bonds payable Common stock ($1 par) Retained earnings UI $40,234 146,400 215,000 192,547 94.181 $46,383 204,800 172,000 126,396 549,579 Total Additional information 1. Net income for 2011 was $101.635 2. Cash dividends of $35,484 were declared and paid. 3. Bonds payable amounting to $58,400 were redeemed for cash $58,400 4. Common stock was issued for $43,000 cash. 5. No equipment was sold during 2011, but land was sold at cost. Complete the statement of cash flows for 2011 using the indirect method. (List amo

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