Question

i need under balance sheet

- cash years 2019-2022

- retained earning year 2022

under cashflow

- i need beginning cash balance from 2020-2022

(which i assume are the same numbers of the cash years hnder balance sheet)

Problem 6-25 Accounting for depreciation over multiple accounting cycles: straight-line depreciation LO 6-2, 6-5 Bensen Company began operations when it acquired $25,800 cash from the issue of common stock on January 1, 2018. The cash acquired was immediately used to purchase equipment for $25,800 that had a $3,000 salvage value and an expected useful life of four years. The equipment was used to produce the following revenue stream (assume all revenue transactions are for cash). At the beginning of the fifth year, the equipment was sold for $3,410 cash. Bensen uses straight-line depreciation. 2018 $7,490 2019 $7,999 Revenue 2020 $8,190 2021 $6,99€ | 2022 se Required Prepare income statements, statements of changes in stockholders' equity, balance sheets, and statements of cash flows for each of the five years. Present the statements in the form of a vertical statements model (Statement of Cash Flows and Balance Sheet only: Items to be deducted must be indicated with a minus sign.)

Answer 1

2 on sale Calculation of Gain/loss of equipment Sale Value Leul Witten Down Value Gain on sale 2 $3,410 3000 $410 Statement of changes in Stockholden's Equity 2022 $25,800 O - Beginning Common Stock - Addi Stock Issued ommon Stock Beginning Retained fawing 25,800 7,860 410 0270 Total Shareholder's Equity $34,070 All other years are concet

(1) Calculation of cash 2019 2020 2021 2022 Opening Balance $7490 $15,450 $23,650 $30,660 & Bath from 7990 8,190 6990 3,410 sales closing Balante $15480 123670 $30.60 $34,0270 (2) Calculation of detained Earning (2022) e Opening Balance as on 2021 $7860 Add: Gain on sale of Equipment 410 $8270 (3) na Opening Cash Balance from 2020-2022 (under Cash flow) - see (1) above