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Can an accountant tutor help me with my homework please. Additional data obtained from the income statement and from an examination of the accounts in

Can an accountant tutor help me with my homework please.

image text in transcribed Additional data obtained from the income statement and from an examination of the accounts in the ledger for 2016 are as follows: A. Net income, $332,000 B. Depreciation reported on the income statement, $83,400 C. Equipment was purchased at a cost of $162,800 and fully depreciated equipment costing $44,800 was discarded, with no salvage realized. D. The mortgage note payable was not due until 2018 but the terms permitted earlier payment without penalty. E. 10,000 shares of common stock were issued at $20 for cash. F. Cash dividends declared and paid, $153,600 Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section. X Statement of Cash Flows Shaded cells have feedback. Prepare a statement of cash flows, using the indirect method of presenting cash flows from operating activities. Refer to the Labels and Amount Descriptions list provided for the exact wording of the answer choices for text entries. Be sure to complete the heading of the statement. In the operating activities section, use the minus sign to indicate cash outflows, decreases in cash and a net cash outflow, if required. In the investing and financing activities section, use a minus sign only to indicate a NET cash outflow for the section. Score: 0/158 Del Ray Enterprises Inc. Statement of Cash Flows 1 Cash flows from operating activities: 2 3 cash Adjustments to reconcile net income to net cash flow from operating activities: 4 5 Changes in current operating assets and liabilities: 6 7 8 9 10 11 12 Cash flows from investing activities: 13 14 15 16 Cash flows from financing activities: 17 18 19 20 21 22 Cash at the beginning of the year 23 Cash at the end of the year

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