118! Series B Chapter 13 Statement of Cash Flows 655 Nat cash flow from operating activities, PR 13-1B Statement of cash flows-indirect method the comparative balance sheet of Merrick Fauiment Co. for December 31, 2017 $154,260 is as follows Obj. 2, 3, 4,5 qupment Co. for December 31, 2009 and Oy SHOW ME HOW EXCEL TEMPLATE Assets Dec 31, 2017 Cash Accounts receivable net).... Inventories..... Investments Dec 31, 2018 $ Land 70,720 207,230 29520 $ 47,940 1190 28950 102.000 295,800 43.600 199,1101 $1.211.760 358,020 1843200 5901680 Equipment... Accumulated depreciation equipment..... Total assets .... Liabilities and Stockholders' Equity Accounts payable (merchandise creditors) Accrued expenses payable loperating expenses) ... Dividends payable. Common stock, $1 par.... Paid-in capital: Excess of issue price over par--common stock. $ 205,700 $194,140 30,600 26,360 25,500 20,400 202.000 102.000 Retained earnings 354.000 204,000 393,960 Total liabilities and stockholders' equity. 354 280 $1,211.760 $901.680 Additional data obtained from an examination of the accounts in the ledger for 2049 are as follows: A. Equipment and land were acquired for cash. B. There were no disposals of equipment during the year. C. The investments were sold for $91,800 cash. D. The common stock was issued for cash. E. There was a $141,680 credit to Retained Earnings for net income. F. There was a $102,000 debit to Retained Earnings for cash dividends declared, Instructions statement of cash flows, using the indirect method of presenting cash flows from MERRICK EQUIPMENT CO. Statement of Cash Flows For the Year Ended December 31, 2049 $ Cash flows from operating activities: Cash received from customers Cash payments for merchandise Cash payments for operating expense Cash payments for income taxes Net cash flow from operating activities Cash flows from investing activities: Cash received from sale of investments Cash paid for purchase of land Cash paid for purchase of equipmen Net cash flow used for investing activities Cash flows from financing activities: Cash received from sale of common stock Cash paid for dividends Net cash flow from financing activities Change in cash Cash at the beginning of the year Cash at the end of the year 91,800 (295.800) (80.580) $ 250,000 1/96.900) Schedule Reconciling Net Income with Cash Flows from Operating Activities: UULI LOL UUDIL . and Labetas Increase in accounts receivable Increase in thventorias Increase in accounts payable Increase in accrued expenses payable Net cash flow from operating activities 0 m Sales Increase in accounts receivable Cash received from customers (19.040) Cost of goods sold Increase in inventores Increase in accounts payable Cash payments for merchandise 8,670 (11,560) Operating expenses other than depreciation Increase in accrued expenses payable Cash payments for operating expenses 3.740)
