5 STATEMENT OF CASH FLOWS WORKSHEET B Armadillo Inc. Balance Balance B Sheet Reconciling Items Sheet 9 Beginning Ending 10 Debits Credits INSTRUCTIONS: Prepare the statement of cash flows. You can use the worksheet if it is helpful in preparing the actual statement. It is not required that you use the worksheet. 11 Debit balance accounts 12 Cash 2,420 4,540 Additional Information: 13 Accounts Receivable 1,650 4,640 Net Income 14 Inventories 5,143 5,625 Depreciation expense 15 Prepaid Expenses 1,300 1,420 Loss on sale of plant assets 16 Investments 5,700 6,900 New plant assets purchased 17 Plant Assets 12,125 13,500 Old plant assets sold for cash 18 Total 28,338 36,625 19 Original cost of plant assets sold Cash dividends paid $ 7,945 2,325 $ 375 4,250 $ 75 $ 2,875 $ 2,018 20 Credit balance accounts Bonds payable matured and were paid off in cash 21 Acc. Depreciation:Equip 2,600 2,500 22 Accounts Payable 3,365 5,600 23 Accrued expenses payable 850 825 24 Bonds Payable 7,500 5,500 25 Common Stock 8,750 11,000 26 Retained Earnings 5,273 11,200 27 Total 28,338 36,625 28 29 STATEMENT OF CASH FLOW EFFECTS 30 Operating Activities 31 NET INCOME 32 Increase AR 33 Increase Inventory 34 increase prepaid expenses 35 Depreciation expense 36 Losss on sale of plant assets 37 Increase AP 38 Decrease accrued expenses 39 Investing Activities 40 Purchased investments 41 purchased plant assets. 42 Sold plant assets 43 Financing Activities 44 Paid cash dividends 45 Redeem bonds payable 46 Issued common stock 47 Totals 48 Increase in Cash 49 Totals 50 ARMADILLO, INC. Statement of Cash Flows For the period ended December 31, 2021