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a) Under Operating Activities, what was the total for Adjustments to reconcile net income to net cash? b)What was the Net Cash Provided by/(Used in)
a) Under Operating Activities, what was the total for "Adjustments to reconcile net income to net cash?
b)What was the Net Cash Provided by/(Used in) Operating Activities?
c)What was the Net Cash Provided by/(Used in) Investing Activities?
d)What was the Net Cash Provided by/(Used in) Financing Activities?
e)What was the net increase/(decrease) in cash for the year?
f)What is the Cash Balance at current year-end?
Income Statement For the Year Ended Dec 31 Sales Cost of Good Sold Gross Profit Operating Expense: Income from Operations Gain/(Loss) on sale from equipment Income before income taxes Income Tax Expense \begin{tabular}{|l|r|} \hline Wages/Salaries & 41000 \\ \hline Rent & 28000 \\ \hline Depreciation & 13000 \\ \hline Other & 14000 \\ \hline \end{tabular} Net Income Total OE Additional Information: \begin{tabular}{|l|r|} \hline Beginning Cash Balance & 32000 \\ \hline Ending Cash Balance & 68440 \\ \hline Decrease in Account Receivable & 8000 \\ \hline Increase in Account Payable & 10000 \\ \hline Decease in Income Taxes Payalbe & 3000 \\ \hline Decrease in Prepaid expenses & 19000 \\ \hline Increase in Merchandise Inventory & 14000 \\ \hline \end{tabular} Income Statement For the Year Ended Dec 31 Sales Cost of Good Sold Gross Profit Operating Expense: Income from Operations Gain/(Loss) on sale from equipment Income before income taxes Income Tax Expense \begin{tabular}{|l|r|} \hline Wages/Salaries & 41000 \\ \hline Rent & 28000 \\ \hline Depreciation & 13000 \\ \hline Other & 14000 \\ \hline \end{tabular} Net Income Total OE Additional Information: \begin{tabular}{|l|r|} \hline Beginning Cash Balance & 32000 \\ \hline Ending Cash Balance & 68440 \\ \hline Decrease in Account Receivable & 8000 \\ \hline Increase in Account Payable & 10000 \\ \hline Decease in Income Taxes Payalbe & 3000 \\ \hline Decrease in Prepaid expenses & 19000 \\ \hline Increase in Merchandise Inventory & 14000 \\ \hline \end{tabular}Step by Step Solution
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