Arial Wrap Text General Ib ~ 11 A a A~ Paste BIU Merge & Center $ % F11 A B D E 1 Quiz 6 Chapter 5 2 INSTRUCTIONS: The items listed below belong on the Statement of Cash Flows. The correct format for the Statement is also provided. Using formulas and cell links, complete the Statement of 3 Cash Flows. 4 5 Items for the Statement of Cash Flows: 6 01/01/21 12/31/21 Increase (Decrease) 7 Cash 42,000 60,000 18,000 8 Accounts Receivable 254,000 314,200 60,200 9 Inventory 78,500 117,100 38,600 10 Accounts Payable 164,200 204,800 40,600 11 Short-term Notes Payable 65,000 27,200 (37,800) 12 13 14 Net Income for 2021 230,200 15 Purchase of Equipment 84,000 16 Depreciation Expense 26,600 17 Payment of Cash Dividends 91,600 18 Sale of Land 32,800 19 20 21 22 23 24 25 26 27 28 29 30 Sheet1 + Merge & Center $ % % -98 Conditional Format Cell Formatting as Table Styles Format E G H J of Davidson Company Statement of Cash Flows For the Year Ended December 31, 2021 Cash Flows from Operating Activities Net Income 00 00 00 00 00) Net Cash Provided (Used) By Operating Activities Cash Flows from Investing Activities Net Cash Provided (Used) By Investing Activities Cash Flows from Financing Activities Net Cash Provided (Used) By Financing Activities Net Increase (Decrease) in Cash Cash, January 1, 2021 Cash, December 31, 2021