$35.000 1 Cash flows from operating activities 2 Net Income 13 Adjustments to reconcile net income to net cash provided by operating activities: 14 Depreciation expense 12,000 15 Loss on sale of investments 5.000 16 Accounts payable 10,000 37 Accounts receivable (20,800) 18 Net cash provided by operating activities 6.200 41.200 27,000 (38,000) 19 o Cash flows from investing activities 1 Proceeds from sale of investments 2. Purchase of land 3 Net cash used by investing activities 4. (11.000) 30.000 1 5 Cash flows from financing activities 6. Issuance of common shares Q3 Financial Statements Cal 1: D. Q2 Goodwill and intangibles 11 Investments B 110 Cash flows from investing activities 111 Proceeds from sale of investments 112 Purchase of land 113 Net cash used by investing activities 114 115 Cash flows from financing activities 116 Issuance of common shares 27,000 (38,000) (11.000) 30,000 (10,000) 20,000 117 Payment of cash dividends 118 Net cash provided by financing activities 119 120 Net increase in cash 121 Cash at beginning of year 122 Cash at end of year 50.200 20.000 70.200 s 123 124 Required: 125 Given the Statement of Cash Flows above, answer the following questions: hles Q3 Financial Statements D 5 Given the Statement of Cash Flows above, answer the following questions: ID 6 7 1. Did accounts payable increase or decrease from Dec 31, 2020 to Dec 31, 2017 8 9 2. Did accounts receivable increase or decrease from Dec 31, 2020 to Dec 31, 2021? 0 1 3. What were Allo's major sources of cash during the period? 2. 3 4 5 6 4. What were Allo's major uses of cash during the period? 7 8 w 00 9 cial Statements