A comparative balance sheet for Marin Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,900 $22,000 Accounts receivable 84,190 68,290 Inventory 182,190 191.290 Land 73,190 112,290 Equipment 262,190 202,290 Accumulated depreciation-equipment (71.190) (44.290) Total $603,470 $551,870 Liabilities and Stockholders' Equity Accounts payable $36,190 $49,290 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164.000 Retained earnings 203,280 138,580 Total $603,470 $551,870 Additional information: 1. Net income for 2025 was $129,380. No gains or losses were recorded in 2025. 2 Cash dividends of $64,680 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. (a) Prepare a statement of cash flows for 2025 for Marin Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to Marin Corporation Statement of Cash Flows

A comparative balance sheet for Marin Corporation is presented as follows. December 31 Assets 2025 2024 Cash $72,900 $22,000 Accounts receivable 84,190 68,290 Inventory 182,190 191.290 Land 73,190 112,290 Equipment 262,190 202,290 Accumulated depreciation-equipment (71.190) (44.290) Total $603,470 $551,870 Liabilities and Stockholders' Equity Accounts payable $36,190 $49,290 Bonds payable 150,000 200,000 Common stock ($1 par) 214,000 164.000 Retained earnings 203,280 138,580 Total $603,470 $551,870 Additional information: 1. Net income for 2025 was $129,380. No gains or losses were recorded in 2025. 2 Cash dividends of $64,680 were declared and paid. 3. Bonds payable amounting to $50,000 were retired through issuance of common stock. (a) Prepare a statement of cash flows for 2025 for Marin Corporation. (Show amounts that decrease cash flow with either a-sign e.g. -15,000 or in parenthesis e.g. (15,000).) Adjustments to reconcile net income to Marin Corporation Statement of Cash Flows

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter9: Metric-analysis Of Financial Statements

Section: Chapter Questions

Problem 9.4.13P: Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of...

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