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Business, 15.10.2019 20:10 N72967

Chekov corporation's balance sheet at the end of 2009 included the following items. current assets $235,000 current liabilities $150,000land 30,000 bonds payable 100,000building 120,000 common stock 180,000equipment 90,000 retained earnings 44,000accum. depr.—building (30,000) total $474,000accum. depr.—equipment (11,000)patents 40,000total $474,000the following information is available for 2010.1. net income was $55,000.2. equipment (cost $20,000 and accumulated depreciation $8,000) was sold for $9,000.3. depreciation expense was $4,000 on the building and $9,000 on equipment.4. patent amortization was $2,500.5. current assets other than cash increased by $25,000. current liabilities increased by $13,000.6. an addition to the building was completed at a cost of $27,000.7. a long-term investment in stock was purchased for $16,000.8. bonds payable of $50,000 were issued.9. cash dividends of $25,000 were declared and paid.10. treasury stock was purchased at a cost of $11,000.instructions(show only totals for current assets and current ) prepare a statement of cash flows for 2010.(b) prepare a balance sheet at december 31, 2010.

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