Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1 Using the following information for 2021, calculate the net cash provided by Operating Activities. begin{tabular}{|l|c|r|} hline Net income & $ & 225,000 hline
1 Using the following information for 2021, calculate the net cash provided by Operating Activities. \begin{tabular}{|l|c|r|} \hline Net income & $ & 225,000 \\ \hline Depreciation \& amortization expense & $ & 60,000 \\ \hline Increase in Accts Receivable & $ & 30,000 \\ \hline Increase in Inventory & $ & 40,000 \\ \hline Decrease in Office Supplies & $ & 25,000 \\ \hline Decrease in Other ST Liabilities & $ & 15,000 \\ \hline Increase in Accts Payable & $ & 45,000 \\ \hline \end{tabular} 2 Using the following information for 2021, calculate the net cash provided by Investing Activities. \begin{tabular}{|l|rr|} \hline Purchase of building & $ & 1,200,000 \\ \hline Purchase of land & $ & 800,000 \\ \hline Purchase of equipment & $ & 255,000 \\ \hline Proceeds from sale of computers & $ & 15,000 \\ \hline Proceeds from sale of vehicles & $ & 25,000 \\ \hline Purchase of LT investments & $ & 80,000 \\ \hline Proceeds from sale of trademark & $ & 190,000 \\ \hline \end{tabular} Accessibility check complete. Click here to learn m 3 Using the following information for 2021, calculate the net cash provided by Financing Activities. \begin{tabular}{|l|r|r|} \hline Proceeds from issuance of LT mortgage payable & $ & 1,500,000 \\ \hline Payment on LT mortgage payable & $ & 5,000 \\ \hline Proceeds from issuance of preferred stock & $ & $00,000 \\ \hline Payment of dividends on preferred stock & $ & 15,000 \\ \hline \end{tabular} 4 Using the info from the above 3 problems, create a Cash Flow Statement for the year ended 12/31/21 in proper format. Beginning cash on 1/1/21 was $500,000
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started