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All the in information needed. PROBLEM B Given the following information for Freddie Fender's Sales and Repair (FFSR), Inc., construct a statement of cash flows

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All the in information needed.

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PROBLEM B Given the following information for Freddie Fender's Sales and Repair (FFSR), Inc., construct a statement of cash flows Construct a statement of cash flows for FFSR, Inc. for the period December 31, 2016 to December 31, 2019 Freddie Fender's Sales and Repair (FFSR), Incorporated Balance Sheets (all amounts in dollars) For the Years Ending December 31, 2016, 2017, 2018 and 2019 2016 2017 2018 2019 Cash 400 500 700 800 Accounts receivable 3,500 3,200 4,000 5,000 Inventory 7,700 8,500 8,100 9,500 Current assets 11,600 12,200 12,800 15,300 Gross fixed assets 408,600 413,800 431,800 459,600 (Accumulated depreciation) (261,700) (268,500) (261,700) (272,500) Net fixed assets 146,900 145,300 170,100 187,100 Land 21,000 23,000 26,000 32,000 Total assets 179,500 180,500 208,900 234,400 Notes payable 1,600 1,400 1,900 6,800 Accounts payable 1,200 1,500 2,500 3,400 Wage & Tax accruals 1,300 1,900 600 2,700 Current liabilities 4,100 4,800 5,000 12,900 L.T. Debt 137,500 123,000 124,800 133,800 Common stock ($1.50 par value) 12,000 16,200 24,300 24,300 Paid-in-capital 17,400 26,000 41,000 41,000 Retained earnings 3,500 10,500 13,800 22,400 Total Liabilities and Equity 179,500 180,500 208,900 234,400 Income Statement data for selected years: 2016 2017 2018 2019 Sales $ 387,600 $ 394,600 $ 388,700 $ 415,700 Net income $ 5,200 $ 5,200 $ 7,800 $ 10,100 FFSR sold the following long term assets during the periods covered by these financial statements: Long term asset sold on October 24, 2016. This asset was sold for $3,300. The asset was originally purchased for $7,900 and the asset had a book value of $2,700 when it was sold. Long term asset sold on February 8, 2018. This asset sale resulted in a gain on the sale of the asset of $1200. The asset had an original cost of $6,000 and it had accumulated depreciation of $5,700 when it was sold. Long term asset sold on May 25, 2018. The asset was sold for $1,200. This asset had a book value of $2,500 and accumulated depreciation of $9,000 when it was sold. Long term asset sold on November 29, 2019. This asset was sold for $5,700. The asset was originally purchased for $14,300 and the asset had a book value of $5,000 when it was sold.10. 11. What was the gainoss on the asset that was sold on October 24, 2016'? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. Ifyour answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Answer: What was the sale price on the asset that was sold on February 8, 2018'? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Answer: What was the Mg; on the asset that was sold on May 25, 2918? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. Ifyour answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Answer: What was the accumulated depreciation of the asset that was sold on November 29, 2019? Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Answer: Net Cash Flow from Qperating Activities for FFSR, Inc. for the period December 31, 2016 to December 31, 2019 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Net Cash Flow from Inmting Aviti for FFSR, Inc. for the period December 31, 2016 to December 31, 2019 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244. Net Cash Flow from Financing Activities for FFSR, Inc. for the period December 31, 2016 to December 31, 2019 is: Record your answer as a dollar amount rounded to zero (0) decimal places, but do not record a dollar sign or any commas. If your answer is negative (i.e., a loss), put a hyphen before your answer with no space between the sign and the number. For example, record negative $23,243.83 as -23244

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