#5 STATEMENT OF CASH FLOWS 40 points #5 INSTRUCTIONS: ADDITIONAL INFORMATION Net income for the year 17,700 REQUIRED: Prepare the statement of cash flows in proper format. Depreciation expense for the year 6,500 Cash dividends declared and paid during the year 9,300 Cash received for equipment sold 4,000 OPTIONAL: The worksheet is optional. Criginal cost of equipment 11,000 Use it if it is helpful in preparing the actual statement of cash flows Accumulated depreciation on equipment sold 2,000 Alvarez Corp. WORKSHEET-STATEMENT OF CASH FLOWS (Optional) Beginning ADJUSTMENTS Ending Balance Debits Credits Balance Debit Balance Accounts Cash 22,700 Accounts receivable 22,300 Long term investments 16,000 Plant assets, net 70,000 131,000 18,700 24,700 25,000 59,000 127,400 Credit Balance Accounts Accumulated depreciation 10,000 14,500 Accounts payable 11,100 13,600 Bones Payable 30,000 6,000 Common stock 45,000 50,000 Retained earnings 34,900 43,300 131,000 127,400 STATEMENT OF CASH FLOW EFFECTS OPERATING ACTIVITIES INVESTING ACTIVITIES FINANCING ACTIVITIES Totals Charge in cash Tata's Your answer goes here..... Alvarez Corp. Statement of Cash Flows For the Year Ended December 31, 2021