Eastern Corp ​
Additional Information ​
(1) Equipment with a Cost Of

question 139

Essay

Eastern Corp.
Use the following selected data and additional information from the records of Eastern Corp.to answer the questions that follow.
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$\begin{array}{lrr}\text { Bal ance Sheet Data } & \underline{\mathbf{2 0 1 8}} & \underline{\mathbf{2 0 1 7}} \\\hline \text { Accounts receivable } & \$ 36,000 & \$ 42,000 \\\text { Inventories } & 28,000 & 25,000 \\\text { Accounts payable } & 31,000 & 35,000 \\\text { Salaries payable } & 2,000 & 1,000 \\\text { Equipment } & 60,000 & 40,000 \\\text { Accumulated depreciation } & 12,000 & 16,000 \\\text { Bonds payable } & 50,000 & 100,000 \\\text { Common stock } & 150,000 & 100,000 \\\text { Retained eamings } & 38,000 & 20,000\end{array}$ ​
Additional information:
$\begin{array}{lr}\text { Income Statement Data } & \mathbf{2 0 1 8} \\\hline \text { Net sales } & \$ 420,000 \\\text { Cost of goods sold } & 300,000 \\\text { Operating expenses (excluding depreciation expense) } & 84,000 \\\text { Net income } & 30,000 \\\text { Gain on sale of equipment (included in net income above) } & 2,000\end{array}$ ​
(1) Equipment with a cost of $\$ 15,000$ and a book value of $\$ 3,000$ was sold for $\$ 5,000$ during 2018 .
(2) Common stock was issued to retire bonds payable during 2018 .
(3) The only items affecting retained eamings in 2018 were net income and dividends declared and paid. ​
-Review the data for Eastern Corp.
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Required
​Prepare the Operating Activities section of statement of cash flows for Eastern Corp.for 2018 if the direct method is used to determine net cash flow from operating activities.

Discuss the potential and challenges of neuroscientific treatments, such as fetal tissue transplants.

Understand the general functions of neurotransmitters and their role in nervous system activity.

Recognize the differences between various neurotransmitters (e.g., acetylcholine, dopamine, GABA) and their effects on the nervous system.

Describe the basic mechanisms of synaptic transmission including the role of second messengers.

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Definitions:

Chromosomes

Filamentous entities found within the nucleus of both animal and plant cells, composed of protein and a singular molecule of DNA (deoxyribonucleic acid).

Plasma Membrane

A selectively permeable lipid bilayer forming the boundary of the cells, responsible for controlling the passage of substances in and out of the cell.

Ribosomes

Cellular structures made of RNA and proteins that function as the site of protein synthesis in the cytoplasm by translating mRNA into polypeptides.

Cell Wall

A rigid layer that lies outside the cell membrane in most bacteria, plants, algae, and fungi, providing support and protection.