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1.)Prepare the statement of cash flows for CPU Hardware Designers using the indirect method Natalie King has completed the basic format to be used in
1.)Prepare the statement of cash flows for CPU Hardware Designers using the indirect method
Natalie King has completed the basic format to be used in preparing the statement f cash flows (indirect method) for CPU Hardware Designers. All amounts are in thousands (000s). CPU HARDWARE DESIGNERS Statement of Cash Flows For the year ended December 31, 2018 C ash Flows from Operating Activities Adjustments to reconcile net income to net cash flows from operating activities Net cash flows from operating activities Cash Flows from Investing Activities Net cash flows from investing activities C Net cash flows from financing activities $ Net increase (decrease) in cash Cash at the beginning of the period (52,200) 79,000 Cash at the end of the period 26.800 $ Below, in random order, are line items to be included in the statement of cash flows. Cash received from the sale of land 2,900 245,000 19,000 59,000 12,000 6,900 219,000 29,000 12,000 39,000 69,000 49,000 Issuance of common stock Depreciation expense Increase in accounts receivable Increase in accounts payable Loss on sale of land Purchase of equipment Increase in inventory Increase in prepaid rent Payment of dividends Net income Repayment of notes payableStep by Step Solution
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