Analysis 21-5

Be careful with that coffee! your roommate is staring in disbelief at the papers in front of her. this was my contribution to our team project she moaned. when you spilled your coffee, it is splashed on this page. Now I cant recognize some of these number, and craig has my source documents

Knowing how important this afternoons presentation is to your roommate, you are eager to see what can be done. let me see that you offer. I think we can figure this out. The statement of cash flows and income statements are intact. The reconciliation schedule and the comparative balance sheets are coffee casualties.

Required:

1.Determine the missing amounts

2. Reconstruct the reconciliation of net income to cash flows from operating activities ( operating cash flows using the indirect method

DISTINCTIVE INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2018 Cash Flows from Operating Activities: $213 Payment of general& administrative expenses (54) (27) $ 42 Net cash flows from operating activities Cash Flows from Investing Activities: 120 Cash Flows from Financing Activities: Issuance of common stock Net cash flows from financing activities Net increase in cash Reconciliation of net income to cash flows from operating activities: $183 $ 84 Adjustments for noncash items: Net cash flows from operating activities