The comparative balance sheet of Navaria Inc. for December 31,20Y3 and 20Y2, is
ID: 2406342 • Letter: T
Question
The comparative balance sheet of Navaria Inc. for December 31,20Y3 and 20Y2, is shown as follows Dec. 31, 20Y3 Dec. 31, 2012 Assets Cash 626,170.00 $585,760.00 27,840.00208,880.00 41,390.00616.790.00 Accounts receivable (net) s Inventories 6 Investments 7 Land s Equipment 000 240,820.00 0.00 54,020.00 27,380.00 704,290.00 167,160.00)(148,950.00) Accumulated depreciation-equipment Total assets 2.359,910.00 $2.057,340.00 Liabilities and Stockholders' Equity 424.670.00 $404.080.00 43,080.00 24.920.00 40000.00102.000.00 17400.00 2 Accounts payable 2.050.00 Accrued expenses payable 4 Dividends payable s Common stock $4 par 26 : Paid ?n capital: Excess of-ssue price over par-common stock 17 Retained earnings 19,300.00 41740000 250,6000 309,840.00 1.199 310.00 2.359,910.00 52.057,340.00 Total liabilities and stockholders equity Check My Work All work savedExplanation / Answer
Statement of Cashflows For the year Ended December 31, 2017 Cash flows from operating activities Net Income $1,16,150.00 Adjustments to reconcile net income to : Depreciation expense $18,230.00 Increse in Account Receivable -$18,960.00 Increase in inventory -$24,600.00 Increase in accounts payable $20,590.00 Decrease in accrued expense payable -$8,970.00 -$13,710.00 Net cash flow from operating activities $1,02,440.00 Cash flows from investing activities Cash from Sale of Investment $2,40,820.00 Cash paid for Purchase of equipment -$1,50,270.00 Cash Used for Purchase of Land -$3,27,380.00 Net cash used by investing activities -$2,36,830.00 Cash flows from financing activities Cash from ssale of Common stock (140000+417400)-(102000+280600) $1,74,800.00 Net cash flow used by financing activities $1,74,800.00 Net increase in cash and cash equivalents $40,410.00 Cash and cash equivalents at beginning of period $5,85,760.00 Cash and cash equivalents at end of period $6,26,170.00 Retained Earning Particuler Amount Particular Amount Dividend Declared 5620 Beg. Bal 1199310 (24920-19300) Clg. Bal 1309840 Net Income ( Bal Fig) 116150 1315460 1315460 b) Increase in Account Payable Bal in 2013 424670 Balance in 2012 404080 Increse in Account Payable 20590 c) Decrease in Accrued Expens Payable Bal in 2013 43080 Balance in 2012 52050 Increse in Account Payable -8970