In May 2020, Falcon Corporation sold to Eagle Company 5 computers which Eagle paid a total of $5,000.   Eagle paid $1,000 cash and promised to pay the other $4,000 in June 2021.   What is the impact to the accounting equation on this transaction?     Assets increased $5,000 and Stockholders' Equity increased $5,000     Assets increased $1,000, Liabilities Increased $4,000 and Stockholders' Equity decreased $3,000     Assets increased $1,000 and Stockholders' Equity increased $1,000     Assets increased $4,000, Liabilities increased $4,000

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2. For the year 2021, Rattner Robotics had $5 million in operating income (EBIT). Its depreciation expense was $1.5 million, its interest expense was $1 million, and its corporate tax rate was 35%. At the end of year 2021, it had $10 million in operating current assets, $3 million in accounts payable, $1 million in accruals, and $2 million in notes payable. Assume Rattner has no excess cash and no other current liabilities. Assume that Rattner's only noncash item was depreciation. a) What was the company's net income for the year 2021?tion bona 158 b) What was its net operating working capital (NOWC) for the year 2021? c) Rattner reported $4 million in capital expenditure for the year of 2021. Rattner's NOWC for the prior year (year 2020) is $5.5 million. What is the company's free cash flow (FCF) for the year of 2021? (Hint: you need your results from part b to calculate this question).

During 2022 Sheffield Corp. had sales on account of $709000, cash sales of $307000, and collections on account of $508000. In addition, they collected $9400 which had been written off as uncollectible in 2021. As a result of these transactions the change in the accounts receivable indicates a $191600 increase. $201000 increase. $516000 increase. $508000 increase.

The following events are for Toronto Investment Inc.:  2020     Jan. 14   Purchased 18,200 shares of Quatro Inc. common shares for $161,900. Quatro has 91,000 common shares outstanding and has acknowledged the fact that its policies will be significantly influenced by Toronto. Oct. 1   Quatro declared and paid a cash dividend of $3.10 per share. Dec. 31   Quatro announced that profit for the year amounted to $655,000. 2021     April 1   Quatro declared and paid a cash dividend of $3.20 per share. Dec. 31   Quatro announced that profit for the year amounted to $738,100.   31   Toronto sold 6,500 shares of Quatro for $106,820. Prepare general journal entries (Included Picture as sample)  1. Record the purchase of investment (Jan 14, 2020)  2. Record the collection of dividends (Oct 01, 2020)  3. Record the equity share of profits in investment (Dec 31, 2020)