Thank you. ————— Lansbury Inc. had the following balance Sheet at December 31, 2009. LANSBURY INC.

I need help…Thank you.—————Lansbury Inc. had the following balance Sheet at December 31, 2009.LANSBURY INC.BALANCE SHEETDECEMBER 31, 2009Cash                          $ 20,000                  Accounts payable             $ 30,000Accounts receivable  21,200                 Long-term notes payable    41,000Investments                32,000                Common stock                     100,000Plant assets (net)       81,000                Retained earnings                  23,200Land                             40,000                                                               $194,200                                 $194,200During 2010 the following occurred.1. Lansbury Inc. sold part of its investment portfolio for $15,000. This transaction resulted in a gain of $3,400 for the firm. The company classifies its investments as available-for-sale.2. A tract of land was purchased for $18,000 cash.3. Long-term notes payable in the amount of $16,000 were retired before maturity by paying $16,000 cash.4. An additional $20,000 in common stock was issued at par.5. Dividends totaling $8,200 were declared and paid to stockholders.6. Net income for 2010 was $32,000 after allowing for depreciation of $11,000.7. Land was purchased through the issuance of $30,000 in bonds.8. At December 31, 2010, Cash was $32,000, Accounts Receivable was $41,600, and Accounts Payable remained at $30,000.Instructions(a) Prepare a statement of cash flows for 2010.(b) Prepare an unclassified balance sheet as it would appear at December 31, 2010.(c) How might the statement of cash flows help the user of the financial statements? Compute two cash flow ratios.

Show more

Calculate Your Essay Price
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more