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Based on the information provided in each scenario, prepare the corresponding Statement of Cash Flows in the columns to the right of each scenario. Your
Based on the information provided in each scenario, prepare the corresponding Statement of Cash Flows in the columns to the right of each scenario. Your Statement of Cash Flows should be in good form, including the proper use of $ signs and underlines
Solution to Scenario 3: Scenario 3 (10 points): Dynamite Corp.ended the year with a cash balance of 513,400 on December 31, 2020. Dynamite paid cash for the following items during the year ending December 31, 2020: 1 Paid supplier for inventory 2 Paid a principle payment on a long-term note they owe 3 Paid employees wages 4 Purchased a new huge warehouse 5 Paid interest on the long-term note 6 Paid all utility bills owed 7 Paid dividends to shareholders $ 139,000 22,300 76,000 230,000 12,000 33,500 6,200 Dynamite Corp. received cash for the following items during the year ending December 31, 2020: $ 1 Sold an old delivery van 2 Received cash from customers 3 Received cash from a lawsuit settlement 6,500 345,000 20,000 Check Figure for Scenario 3: Cash Used for Investing Activities is ($223,500). Note that this is not a start-up company so you need to solve for Beginning Cash. It is not zeroStep by Step Solution
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