4.9- Using the condensed financial statements for Dragoon Enterprises that are provided on page 193 you will need to provide information as follows:

(a) Dividends Dragoon paid.

(b) Information from the statement of cash flows using the indirect method including:

1. Net cash provided (used) by operations.

2. Net cash provided (used) by investing activities.

3. Net cash provided (used) by financing activities.

4. Net increase (decrease) in cash.

4.10- Using the income statements and changes in balance sheet accounts provided for Firms A and Byou will need to provide the following information:

(a) Dividends paid by Firms A and B.

(b) Information from the statement of cash flows for Firms A and B including:

1. Net cash provided (used) by operations.

2. Net cash provided (used) by investing activities.

3. Net cash provided (used) by financing activities.

4. Net increase (decrease) in cash.

(c) Summary analysis of the statements of cash flows for Firms A and B (see Exhibit 4.6 on page 181 of your textbook):

1. Total inflows for Firm A

2. Total outflows for Firm A

3. Total inflows for Firm B

4. Total outflows for Firm B

5. Using the information from the statements of cash flows and the summary analysis,

you will answer multiple-choice questions analyzing Firms A and B's cash flows. all other info is attached in the bottom with images.

194 CHAPTER 4 Statement of Cash Flow's 4.10. The following income statement and balance sheet Information are available for two firms, Firm A and Firm B. (a) Calculate the amount of dividends Firm A and Firm B paid using the information given (b) Prepare a statement of cash flows for each firm using the indirect method. (c) Analyze the difference in the two firms. Income Statement for Year Ended December 31, 2015 Firm A Firm B Sales Cost of goods sold $1,000,000 $1,000,000 Gross profit 700,000 700.000 Other expenses 300,000 300,000 Selling and administrative Depreciation 120,000 115,000 Interest expense 10,000 30,000 20,000 5,000 Earnings before taxes 150,000 150,000 Income tax expense 75,000 75,000 Net Income 75.000 75,000 Changes in Balance Sheet Accounts December 31, 2014, to December 31, 2015 Firm A Firm B Cash and cash equivalents E $+10.000 Accounts receivable +40,000 +5,000 Inventory +40,000 -10,000 Property, plant, and equipment +20,000 +70,000 Less accumulated depreciation (+10,000) (+30,000) Total Assets $ +90,000 S +45,000 Accounts payable $-20,000 S -5,000 Notes payable (current) +17,000 +2,000 Long-term debt +20,000 -10,000 Deferred taxes (noncurrent) +3,000 +18,000 Capital, stock Retained earnings +70,000 Total Liabilities and Equity +40,000 $ +90,000 $ +45,000CHAPTER 4 Statement of Cash Flows 193 4.9. Condensed financial statements for Dragoon Enterprises follow. (a) Calculate the amount of dividends Dragoon paid using the information given. (b) Prepare a statement of cash flows using the indirect method. Dragoon Enterprises Comparative Balance Sheets December 31, 2015 and 2014 2015 Cash 2014 Accounts receivable $ 1,200 $ 850 Inventory 1,750 1,200 Plant and equipment 1,250 1,360 Accumulated depreciation 4,600 3,900 Long-term investments (1,200) (1,100) Total Assets 970 1,110 Accounts payable 8,570 7,320 1,100 Accrued wages payable 800 250 Interest payable 350 70 income tax payable 120 200 50 Bonds payable 1,100 1,400 Capital stock 1,000 930 Paid-in capital 400 70 Retained earnings 4,450 3,600 Total Liabilities and Equity $ 8,570 $7,320 Income Statement for Year Ended December 31, 2015 Sales $9,500 Cost of goods sold 6,650 Gross profit 2,850 Other expenses Selling and administrative 1.200 Depreciation 100 Interest 150 Income tax 350 Net income $ 1,050