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Additional data: 1. Net income for the year 2028,$87,330. 2. Depreciation on plant assets for the year, $15,621. 3. Sold the long-term investments for $34,440
Additional data: 1. Net income for the year 2028,$87,330. 2. Depreciation on plant assets for the year, $15,621. 3. Sold the long-term investments for $34,440 (assume gain or loss is ordinary). 4. Paid dividends of $36,900. 5. Purchased machinery costing $32,595, paid cash. 6. Purchased machinery and gave a $73,800 long-term note payable. 7. Paid a $49,200 long-term note payable by issuing common stock. options provided for each missing item from Question 1-Question 19. ABC Company Statement of Cash Flows For the Year Ended December 31, 2028 Cash flows from operating activitios Net income \$ 87,330 Adjustments to reconcile net income to net cash provided by operating activities. (1) [3] Increase in Accounts Receivalalo (5) Decrease in Accounts Pavable (6) Net cash provided (used) by operating activities Cash flows from investing activities (8) Purchase of Machinery Net cash provided (used) by investing activities Cash flows from financing activities (12) $ (15,990)= (4) 8,610 _(11,685)- 4,920 (7). (9) (10) (11) (13) Net cash provided (used) by financing activities Net increase (decrease) in cash Cash, January 1, 2028 Caoh, Decemler 31, 2028 \begin{tabular}{l} $[15](14) \\ \hline 12546 \\ \hline44.157 \\ \hline \end{tabular} Non-Cash Investing and Financing Activities: (16) $[17] (18) 3 (19) Determine the missing amount/item for (4). a. $25,140 b. $22,140 c. ($22,140) d. ($25,140) Determine the missing amount/item for (5). a. Decrease in inventory. b. Increase in prepaid expense. c. Increase in inventory. d. Decrease in prepaid expense
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