(Appendix 21.1) Statement of Cash Flows

The following is a list of items to be included in Estes Company's 2016 statement of cash flows:

payments to suppliers, $31,500

other operating receipts, $1,200

payments of dividends, $4,000

payments of income taxes, $5,000

collections from customers, $68,400

payment for purchase of equipment, $18,500

payments to employees, $19,300

interest and dividends collected, $7,100

other operating payments, $900

proceeds from issuance of bonds, $11,300

payments of interest, $8,400

proceeds from sale of investments, $6,000

beginning cash balance, $28,400

Required:

1. Prepare the statement of cash flows using the direct method for operating cash flows. Use a minus sign to indicate cash outflows or decreases in cash.

1. Prepare the statement of cash flows using the direct method for operating cash flows. Use a minus sign to indicate cash outflows or decreases in cash.

ESTES COMPANY
Statement of Cash Flows
For Year Ended December 31, 2016
Operating Activities
Cash Inflows:
	$
Cash inflows from operating activities		$
Cash Outflows:
	$
Cash outflows for operating activities
Net cash provided by operating activities		$
Investing Activities:
	$
Net cash used for investing activities
Financing Activities:
	$
Net cash provided by financing activities
Net Increase in Cash		$
		$

2. Which of the following items may be classified differently under IFRS than under U.S. GAAP?

Cash receipts or payments relating to the sale or purchase of investments in available-for-sale securities.

Cash receipts for dividends and interest.

Bank overdrafts.