Below is a summary of all transactions of Pixar Toy Manufacturing for the month of August 2021. Cash Transactions Cash collections from: Customers $ 93,500 Sale of unused warehouse 36,000 Bank borrowing 26,000 Cash payments for: Employee salaries (65,300 ) Office rent (19,000 ) Manufacturing equipment (46,000 ) Office utilities (11,800 ) Dividends to stockholders (6,700 ) Materials to make toys (27,700 ) Noncash Transactions Sales to customers on account 16,400 Purchase of materials on account 13,900 Purchase equipment with promissory note to pay later 18,500 Required: Prepare a statement of cash flows for the month of August 2021, properly classifying each of the transactions into operating, investing, and financing activities. The cash balance at the beginning of August is $25,500. (List cash outflows and decrease in cash as negative amounts.)

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1