Financial Accounting Help

Problems 1. Prepare in proper form the stockholders' equity section of the balance sheet from the following selected accounts and balances taken from the adjusted trial balance of Cooper Corporation as of December 31, 20x5. 17 Points. Partial Adjusted Trial Balance Account Debit Credit Common Stock—$10 par value, 200,000 shares authorized, 110,000 shares issued and outstanding 1,100,000 Preferred Stock—$100 par value, 9 percent cumulative, 40,000 shares authorized, 8,000 shares issued and outstanding 800,000 Additional Paid-in Capital, Preferred 30,000 Additional Paid-in Capital, Common 800,000 Retained Earnings 180,000 2. The following 20x5 information relates to Taylor, Inc.: 8 points each. Net Income $365,000 Depreciation Expense 96,000 Amortization of Intangible Assets 11,000 Beginning Accounts Receivable 420,000 Ending Accounts Receivable 439,000 Beginning Inventory 516,000 Ending Inventory 560,000 Beginning Prepaid Expenses 48,000 Ending Prepaid Expenses 42,000 Beginning Accounts Payable 119,000 Ending Accounts Payable 146,000 Purchase of Long-Term Assets for Cash 616,000 Cash from Issuance of Long-Term Debt 200,000 Issuance of Stock for Cash 160,000 Issuance of Stock for Long-Term Assets 110,000 Purchase of Treasury Stock 64,000 Sale of Long-Term Investment at Cost 39,000 a. Calculate the net cash flows from operating activities. Show your work. b. Calculate the net cash flows from investing activities. Show your work. c. Calculate the net cash flows from financing activities. Show your work. d. Calculate the net change in cash. Show your work
Tutor Answer
