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Baskin Company's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below: Increases (Decreases) Debit balances: Cash

Baskin Company's net income last year was $98,000. Changes in the company's balance sheet accounts for the year appear below:


Increases (Decreases)
Debit balances:

Cash $24,000
Accounts receivable 15,000
Inventory (18,000)
Prepaid expenses (6,000)
Long-term investments 10,000
Plant and equipment 40,000



Credit balances:

Accumulated depreciation 32,000
Accounts payable (14,000)
Accrued liabilities 11,000
Taxes payable 4,000
Bonds payable (40,000)
Common stock 10,000
Retained earnings 62,000

The company declared and paid cash dividends of $36,000 last year.

Required:

A. Need the operating activities section of the company's statement of cash flows for the year. (Use the indirect method.) Amounts to be deducted should be indicated by a minus sign.

Baskin Company
Operating Activities Section

Net income $
Add (deduct) adjusting items:














Net cash flows from operating activities $

B. Need the investing activities section of the company's statement of cash flows for the year. Amounts to be deducted should be indicated by a minus sign.

Baskin Company
Investing Activities Section


$


Net cash flows from investing activities $

C. Need the financing activities section of the company's statement of cash flows for the year. Amounts to be deducted should be indicated by a minus sign.

Baskin Company
Financing Activities Section


$




Net cash flows from financing activities

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