Presented Below Is a Partially Completed Balance Sheet for Baldin

question 18

Essay

Presented below is a partially completed balance sheet for Baldin, Inc., at December 31, 2014, together with comparative data for the year ended December 31, 2013. From the Statement of Cash Flows for the year ended December 31, 2014, you determine that:
• Net income for the year ended December 31, 2014, was $106,000.
• Dividends paid during the year ended December 31, 2014, were $42,000.
• Accounts receivable increased $14,000 during the year ended December 31, 2014.
• The cost of new buildings acquired during 2014, was $85,000.
• No buildings were disposed of during 2014.
• The land account was not affected by any transactions during the year, but the fair value of the land at December 31, 2014, is $210,000. Required:
(a.) Complete the December 31, 2014, balance sheet.
(b.) Prepare a statement of cash flows for the year ended December 31, 2014.

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Definitions:

Secondary Aging

The aging process that results from disease, lifestyle, and environmental factors, rather than genetic disposition.

Sleep Patterns

The habitual resting phases that include the duration, timing, and regularity of sleep.

Primary Aging

The gradual and inevitable process of bodily decline that occurs throughout life, unaffected by disease or environmental factors.

Sexual Intercourse

A biological and physical activity between individuals that involves genital contact and can lead to reproduction.