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Can someone please help me with bottom portion? Prepare a statement of Cash Flows for Holy Corpusng the information given below Holly Company Partin Income
Can someone please help me with bottom portion?
Prepare a statement of Cash Flows for Holy Corpusng the information given below Holly Company Partin Income Statement 2008 Sales 7.000 DOC Cont of Goods Sold 4.200 Gross Profit 2,800 Depreciation expense 200 other operang expenses 3.400 Income from Operations 200 2700 Gain on Sale of Equipment 700 Net Income 200 DO Note No Equipment was sold Dividends of SS were declared and paid 800 Change Holly Company Comparative Balance Sheet 2008 2007 Assets Cash 350 290 Acats Roonivable 540 560 Inventory 1.450 1,150 Lund 500 Plant & Equipment 1,700 1.700 Accumulated Depreciation 1520) 1320 Total Assets 4.020 3320 Liabilities & Equity Accounts Payable 700 550 Long Term Debt 500 100 Common Stock 800 800 Retained Eamings 2,020 1,870 Total Liability & Equity 4,020 3,320 Holly Company Statement of Cash Flows 2008 (dollars in thousands) Cash Flows from Operating Activities Net Income Addback Depreciation Expense Less "Gain on Sale of Equip change in AR change in Inventory change in AP Total Cash Flows from Operating Activities Cash Flows from Investing Activities Cash received from sale of LIT Assets Cash used for purchase of LIT Assets Total Cash Flows from investing Activities Cash Flows from Financing Activities Cash received from issuing LT Debt Cash used to retire LIT Debt Cash received from sale of stock Cash used to purchase Treasury Stock Cash used to pay dividends Total Cash Flows from Financing Activities Change in Cash during 2xcox DON Add: Beginning cash balance Ending cash balanceStep by Step Solution
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