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Can someone answer the cash flow from financing activites part and provide the equations too please. Thank you!!! Idnete to the text Vortex Manufacturing makes
Can someone answer the cash flow from financing activites part and provide the equations too please. Thank you!!! Idnete to the text Vortex Manufacturing makes and sells integrated circuit boards. At the end of 2018, the income statement and comparative balance sheet were prepared as shown below. Vortex Manufacturing Balance Sheet As at November 30 2018 2017 Assets Current Assets Cash Accounts Receivable Merchandise Inventory Prepaid Expenses Total Current Assets $201,210 $122,800 $229,000 $252,400 $507,000 $452,100 $24,900 $24,900 $962,110 $852,200 Noncurrent Assets Land $20,500 Equipment $353,700 $353,700 Less: Accumulated Depreciation $-100,600 $-96,100 Total Noncurrent Assets $253,100 $278,100 Total Assets $1,215,210 $1,130,300 Liabilities Current Liabilities Accounts Payable $315,500 $320,100 Notes Payable, Current Portion $35,400 $22,100 Total Current Liabilities $350,900 $342,200 English (en COLLEGE Total Current Liabilities $350,900 $342,200 Notes Payable, Long-Term Portion $214,300 $187,800 Total Liabilities $565,200 $530,000 Stockholders' Equity Common Stock $276,000 $248,000 Retained Earnings $374,010 $352,300 Total Stockholders' Equity $650,010 $600,300 Total Liabilities and Equity $1,215,210 $1,130,300 Additional Information: During 2018, land was sold for a loss of $5,100. There was no purchase of equipment throughout the year. The company did not pay off any amount of the notes payable. Vortex Manufacturing Income Statement For the Year Ended November 30, 2018 Sales $2,131,000 Cost of Goods Sold $1,278,600 Gross Profit $852,400 Operating Expenses Depreciation Expense $4,500 Other Operating Expenses $729,400 Total Operating Expenses $733,900 Income from Operations $118,500 Other Income Loss on Sale of Land $-5,100 $729,400 $733,900 $118,500 Other Operating Expenses Total Operating Expenses Income from Operations Other Income Loss on Sale of Land Income before Income Tax Income Tax Net Income $-5,100 $113,400 $39,690 $73,710 Create the cash flow statement using the indirect method. Do not enter dollar signs or commas in the input boxes. Use the negative sign for a decrease in cash. Vortex Manufacturing Cash Flow Statement For the Year Ended November 30, 2018 Cash Flow from Operating Activities Net Income 73710 Adjustments to Reconcile Net Income to Cash Depreciation 4500 Lassan Sale of land 5100 Net Cash Provided (Used) by Investing Activities 15400 Cash Flow from Financing Activities Proceeds from Notes Payable Payment of Cash Dividend Issue of Common Stock Net Cash Provided (Used) by Financing Activities Net Increase (Decrease) in Cash Cash at the Beginning of the Year Cash at the End of the Year Check tomnt on to the end of the quiz and
Can someone answer the cash flow from financing activites part and provide the equations too please. Thank you!!!
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