**forexcellentassignments**

E13-8 Here are comparative balance sheets for Taguchi Company. TAGUCHI COMPANY

Assets

Cash
Accounts receivable Inventories
Land
Equipment
Accumulated depreciation

Total

Liabilities and Stockholders’ Equity

Accounts payable Bonds payable Common stock ($1 par) Retained earnings

Total Additional information:

2010

$ 22,000 76,000 189,000 100,000 200,000

(32,000) $555,000

$ 47,000 200,000 174,000 134,000

$555,000

Comparative Balance Sheets December 31

2011

$ 73,000 85,000 170,000 75,000 260,000

(66,000) $597,000

$ 39,000 150,000 216,000 192,000

$597,000

1. Netincomefor2011was$103,000.
2. Cashdividendsof$45,000weredeclaredandpaid.
3. Bondspayableamountingto$50,000wereredeemedforcash$50,000. 4. Commonstockwasissuedfor$42,000cash.
5. Noequipmentwassoldduring2011,butlandwassoldatcost. 

Instructions

Prepare a statement of cash flows for 2011 using the indirect method.

 

 

E14-3 The comparative condensed balance sheets of Conard Corporation CONARD CORPORATION

Comparative Condensed Balance Sheets December 31

are presented below.

2011

$ 80,000 90,000 40,000

$210,000

$ 48,000 150,000 12,000

$210,000

2012

$ 74,000 99,000 27,000

$200,000

$ 42,000 143,000 15,000

$200,000

Assets
Current assets
Property, plant, and equipment (net) Intangibles

Total assets

Liabilities and stockholders’ equity Current liabilities
Long-term liabilities Stockholders’ equity

Total liabilities and stockholders’ equity

Instructions

(a) Prepare a horizontal analysis of the balance sheet data for Conard Corporation using 2011 as a base.

(b) Prepare a vertical analysis of the balance sheet data for Conard Corporation in columnar form for 2012.