Calculator Problem 11-54A (Algorithmic) Classification of Cash Flows Rolling Meadows Country Club Inc. is a privately owned corporation that operates a golf club. Rolling Meadows reported the following inflows and outflows of cash during 2019: Net income Decrease in accounts receivable $115,300 5,125 28,600 15,800 Increase in pro shop inventory Increase in prepaid insurance Increase in accounts payable 11,400 Decrease in wages payable 9,210 Increase in income taxes payable 7,500 115,000 Cash paid for new golf carts Cash received from sale of used golf carts Depreciation expense, buildings Depreciation expense, golf carts Proceeds from issuance of note payable Payment on mortgage payable Cash received from issuance of common stock Payment of cash dividends 45,000 Previous Next > Submit Test for Grading Calculator Payment of cash dividends Rolling Meadows had cash on hand at 1/1/2019 of $10,160. 45,000 Required: Prepare a properly formatted statement of cash flows using the Indirect method. Use a minus sign to indicate any decreases in cash or cash outflows. Rolling Meadows Country Club, Inc. Statement of Cash Flows For the year ended December 31, 2019 Cash flows from operating activities Net Income Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense, buildings Depreciation expense, golf carts Decrease in accounts receivable Increase in pro shop inventory Increase in prepaid in france Increase in accounts payable Decrease in wages payable Increase in income taxes payable Net cash provided by operating activities Cash flows from investing activities: Cash paid for new golf carts Cash received from sale of used golf carts Previous Next > All work saved. Submit Test for Grading Calculator DOCTO Increase in pro shop Inventory Increase in prepaid Insurance Increase in accounts payable Decrease in wages payable Increase in Income taxes payable Net cash provided by operating activities Cash flows from investing activities: Cash paid for new golf carts Cash received from sale of used golf carts Net cash used for investing activities Cash flows from financing activities: Proceeds from issuance of note payable Payment on mortgage payable Cash from issuance of coniinon stock Cash paid for dividends Net cash provided by financing activities Net increase (decrease in cash Cash, 1/1/2019 Cash, 12/31/2019 Previous Next > All work saved. Submit Test for Grading 1 AOSB S w