ACCT 225 – Review Problems for Final Exam (new material):IMPORTANT: Please do not study solely from these problems. The purpose of these problems is to give you some practice on some of the topics that have been covered since the second exam. If your goal is to pass the final exam, be sure that you have read and studied the assigned pages in the textbook, watched all of the video lectures at least once, worked all the homework assignments, and understand the in-class exercises covered in the recitation sessions. Refer to the review topics (separate documents) for other topics that may be tested on the final exam.1. Given the information below, which bond(s) will be issued at a premium?2. During 2013, JHF Corporation had the following transactions and related events:Jan. 10 Issued 31,000 shares of $10 par common stock for $20 per share.Feb. 2 Issued another 4,000 shares of $10 par common stock at $25 per share.Mar. 31 Declared dividends of $1.50 per share.Apr. 15 Date of record.May 1 Paid dividends declared on March 31.June 30 Reacquired 5,000 shares of common stock as treasury stock at $24 per share.Aug. 15 Reissued 2,000 shares of treasury stock at $26 per share.What is the journal entry to record each of the transactions above?3. Below is a partially completed Stockholders’ Equity Section of a Balance Sheet at December 31, 2013 for Carr Corporation:At what amount would the preferred stock be shown on the balance sheet?How many shares of common stock are outstanding?How many shares does the company have in treasury at December 31?Bond 1 Bond 2 Bond 3 Bond 4Stated rate of return 10% 8% 12% 12%Market rate of return 12% 8% 15% 10%Preferred stock (5 percent, $100 par, cumulative, 10,000 shares authorized, 8,000 shares issued and outstanding) $ ?Common stock ($2 par, 100,000 shares authorized, 50,000 shares issued, ??? outstanding) 100,000 Additional Paid-in-Capital, Common Stock 32,000Retained earnings 400,000 Less: Treasury stock, common (??? shares at $8 per share) 40,000 Total Stockholders’ Equity $ ?4. As of January 1, 2011, Preston Corporation has 8,000 shares of $50 par value common stock outstanding and 3,000 shares of 5%, $40 par, cumulative preferred stock outstanding. The company did not pay a dividend in 2011 or 2012, but has declared cash dividends of $22,000 to be paid December 31, 2013:What amount would be paid to the preferred stockholders on December 31, 2013?What amount would be paid to the common stockholders on December 31, 2013? 5. The following information has been taken from the accounting records for JHF Enterprises asof December 31, 2012 and December 31, 2011: 2012 2011Cash $50,000 $74,000Accounts Receivable 72,000 70,000Merchandise Inventory 60,000 63,000Equipment 100,000 60,000Accumulated Depreciation (12,000) (15,000)Total Assets $270,000 $252,000Accounts Payable 12,000 13,000Long-Term Notes Payable 50,000 60,000Common Stock 100,000 80,000Retained Earnings 108,000 99,000Total Liabilities and Stockholders’ Equity$270,000 $252,000 Additional Information:Net Income $25,000Equipment that originally cost $12,000 and had a book value of $6,000 was sold for $2,000 cash.Other equipment was purchased with cash. Dividends declared and paid $16,000.Calculate the net cash provided by (used in) operating activities for 2012.Calculate the net cash provided by (used in) investing activities for 2012.Calculate the net cash provided by (used in) financing activities for