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1.The cash balance of Company on January 1, 2021 was 3,400,000. During 2021, the changes in certain accounts were: Accounts Receivable - 2,000,000 increase Inventory

1.The cash balance of Company on January 1, 2021 was 3,400,000. During 2021, the changes in certain accounts were: Accounts Receivable - 2,000,000 increase Inventory - 1,500,000 decrease Accounts Payable- 3,000,000 decrease Total sales and cost of goods sold were 25,000,000 and 17,500,000 respectively. All sales and purchases were made on credit. Various expenses of 3,200,000 were paid in cash. There were no other pertinent transactions. What is the cash balance on December 31, 2021? 2. Company provided the following data for the preparation of the statement of cash flows for the current year: Dividends Declared and Paid - 943,000 Cash Flow from Investing Activities- (2,500,000) Cash Flow from Financing Activities- (800,000) Cash Balance, January 1- 1,288,000 Cash Balance, December 31- 2,652,000 What is the net cash flow from operating activities? 3. Company provided the following data for the current year: Cash Balance, beginning of the year- 732,000 Cash flow from financing activities- (345,000) Total Shareholders equity, end of the year- 1,245,000 Cash Flow from Operating Activities- 754,000 Cash Flow from Investing Activities- (390,000) Total Shareholders Equity, beginning of the year-1,453,000 What is the cash balance at the end of the year? 4. Company has provided the following account balances for the preparation of the statement of cash flows for the current year: January 1 Balances: Accounts Receivable- 1,275,000 Allowance for Bad Debts- 5, 000 Prepaid Rent Expense- 37,000 Accounts Payable- 253,000 December 31 Balances: Accounts Receivable- 1,350,000 Allowance for Bad Debts- 375,000 Prepaid Rent Expense-42,000 Accounts Payable- 275,000 Company's net income for the year is 3,480,000. What is the net cash provided by operating activities? 5. The following information is available from the financial statements of Company for the current year: Net Income - 3,200,000 Depreciation Expense- 750,000 Amortization- 850,000 Decrease in Accounts Receivable- 350,000 Increase in Inventory- 250,000 Increase in Accounts Payable- 275,000 Payment of Dividends- 230,000 Purchase of Financial Asset at Amortized Cost- 3,420,000 Decrease in Income Tax Payable- 225,000 Increase in Long-Term Note Payable- 2,575,000 What is the Net Cash Flow from Operating Activities? 6. Company's statement of cash flows for the current year shows cash flow from operations of 1,720,000 Depreciation Expense - 250.000 Accounts Receivable Increase - 65,000 Inventory Decrease - 220,000 Accounts Payable Decrease - 55,000 What is the net income for the current year? 7. Company provided the following data for the preparation of the statement of cash flows for the current year: Dividends Declared and Paid - 943,000 Cash Flow from Investing Activities- (2,500,000) Cash Flow from Financing Activities- (800,000) Cash Balance, January 1- 1,288,000 Cash Balance, December 31- 2,652,000 What is the net cash flow from operating activities? 8. Company provided the following data for the preparation of the statement of cash flows for the current year: Increase in Accounts Receivable- 450,000 Decrease in Income Tax Payable- 255,000 Depreciation- 725,000 Net Income- 2,575,000 Gain on sale of Equipment- 372,000 Loss on Sale of Building- 243,000 Using the indirect method, what amount should be reported as Net Cash flow from Operating Activities? please put the answers in microsft word witht he solution and answer on how you got it

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