Vaughn Corporation's balance sheet at the end of 2024 included the following items. The
following information is available for 2025. 1. Net income was $56 , 660 . 2. Equipment (cost
$21 , 730 and accumulated depreciation $9 , 730 ) was sold for $11 , 730 . 3. Depreciation
expense was $5 , 730 on the building and $10 , 730 on equipment. 4. Patent amortization was
$2.500 . 5. Current assets other than cash increased by $29 , 000 . Current liabilities increased by
$14 , 730 . 6. An addition to the building was completed at a cost of $28 , 730 . 7. A long-term
investment in stock was purchased for $16 , 000 . 8. Bonds payable of $52 , 040 were issued. 9.
Cash dividends of $30 , 000 were declared and paid. 10. Treasury stock was purchased at a cost
of $11 , 000 . Prepare a statement of cash flows for 202.5. (Show amounts that decrease cash
flow with either a-sign es - 15,000 or in parentheis es (15,000)).
Vaughn Corporation's balance sheet at the end of 2024 included the fol.pdf
1. Vaughn Corporation's balance sheet at the end of 2024 included the following items. The
following information is available for 2025. 1. Net income was $56 , 660 . 2. Equipment (cost
$21 , 730 and accumulated depreciation $9 , 730 ) was sold for $11 , 730 . 3. Depreciation
expense was $5 , 730 on the building and $10 , 730 on equipment. 4. Patent amortization was
$2.500 . 5. Current assets other than cash increased by $29 , 000 . Current liabilities increased by
$14 , 730 . 6. An addition to the building was completed at a cost of $28 , 730 . 7. A long-term
investment in stock was purchased for $16 , 000 . 8. Bonds payable of $52 , 040 were issued. 9.
Cash dividends of $30 , 000 were declared and paid. 10. Treasury stock was purchased at a cost
of $11 , 000 . Prepare a statement of cash flows for 202.5. (Show amounts that decrease cash
flow with either a-sign es - 15,000 or in parentheis es (15,000))
