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A companys income statement showed the following: Net Income = $18,200 Depreciation Expense = $36,000 An examination of the companys current assets and current liabilities

A companys income statement showed the following:

Net Income = $18,200

Depreciation Expense = $36,000

An examination of the companys current assets and current liabilities showed the following changes as a result of operating activities:

Accounts Receivable decreased $7,000

Merchandise Inventory increased $5,900

Accounts Payable increased $4,700

Income Taxes Payable decrease $150

You are preparing the Statement of Cash Flows. Report the net cash provided or used by operating activities, using the indirect method. If it is a negative amount, be sure to put a minus sign (-) in front of your answer, such as -10.

2 You have the following additional information on non-operating cash transactions:

  • Cash received from issuing stock = $8,000
  • Cash paid for dividends = $1,000
  • Cash received from sale of machinery = $9,500

You are continuing to prepare the Statement of Cash Flows for your company. Report the net cash provided or used by investing activities, using the indirect method. If it is a negative amount, be sure to put a minus sign (-) in front of your answer, such as -10.

3. You have the following additional information on non-operating cash transactions:

  • Cash received from issuing stock = $8,000
  • Cash paid for dividends = $1,000
  • Cash received from sale of machinery = $9,500

You are continuing to prepare the Statement of Cash Flows for your company. Report the net cash provided or used by financing activities, using the indirect method. If it is a negative amount, be sure to put a minus sign (-) in front of your answer, such as -10.

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