Norman, Inc. has the following partial comparative balance sheet data for the years 2019 and 2020: December 31, 2020December 31, 2019
Cash$173,000$210,000
Accounts Receivable93,000111,000
Inventories105,00086,000
Equipment490,000240,000
Accumulated depreciation-equipment (51,000)(130,000)
Accounts Payable90,000120,000
Dividends Payable9,00049,000
Common Stock, $1 par27,0001,000
Paid in capital, excess of price over par-Common stock154,00097,000 Additional 2020 data:.
i) Full year 2020 Depreciation Expense was $51,000.
ii) Old equipment (asset) was disposed of (sold) for $150,000 cash. This equipment had accumulated depreciation of $130,000 at the time of sale.
iii) New equipment (asset) was acquired on January 1, 2020 for $490,000 cash.
iv) Full year 2020 Net Income was $280,000.
v) In the year 2020 Cash Dividends paid were $40,000.
vi) Common Stock was issued for cash.
Instructions:
• Prepare a full Statement of Cash flows using the Indirect Method of presenting Cash Flows from Operating Activities (show Operating, Investing, and Financing activities) (use format Exhibit 7, text pg. 622).

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

On coral island in 2012, the labor force is 12,000, the unemployment rate is 10 percent, and the labor force participation rate is 60 percent. during 2013, 200 unemployed people found jobs and the working-age population increased by 1,000. the total number of people in the labor force did not change. the working-age population at the end of 2013 was the unemployment rate at the end of 2013 was round up to the second decimal. the labor force participation rate at the end of 2013 was round up to the second decimal.

Creation landscaping has 1,000 bonds outstanding that are selling for $1,280 each. the company also has 2,000 shares of preferred stock outstanding, currently priced at $27.20 a share. the common stock is priced at $37.00 a share and there are 28,000 shares outstanding. what is the weight of the debt as it relates to the firm's weighted average cost of capital?