(Learning Objective 4: Preparing a statement of cash fl ows) Fortune, Inc., began 20X6 with €83,000 in cash. During 20X6, Fortune earned net income of €440,000, and adjustments to reconcile net income to net cash provided by operations totaled €60,000, a positive amount. Investing activities used cash of €390,000, and fi nancing activities provided cash of €65,000. Fortune ended 20X6 with total assets of €300,000 and total liabilities of

€120,000.

❙ Requirement 1 Prepare Fortune, Inc.’s statement of cash fl ows for the year ended December 31, 20X6.

Identify the data items given that do not appear on the statement of cash fl ows. Also identify the fi nancial statement that reports each unused item.