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Can someone verify that I have completed this problem correctly? I'm attaching both the requirements page as well as my calculations page. Thank you for

Can someone verify that I have completed this problem correctly? I'm attaching both the requirements page as well as my calculations page. Thank you for your help with this!

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Lori Hartin ACC111 - Financial Accounting B. Ritchie 18 July 2020 CP 14-8 Assume the following income statement and balance sheet information: Service revenue (all cash) $175 Operating expenses Salaries (all cash) 85 Net income $90 2020 2019 Current assets Cash $1,250 $1,600 Short-term invest. 100 200 $1,350 $1,800 Liabilities Borrowings 500 1,000 Stockholders' equity Common stock 200 300 Retained earnings 550 500 750 800 $1,350 $1,800 Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non- current. No gain or loss occurred when common stock was repurchased. Required: 1. Calculate cash flow from operating activities. 2. Prepare the 2020 statement of changes in equity. 3. Calculate cash flow from financing activities. 4. (Appendix) Prepare a cash flow table. Show that cash effects net to a $450 outflow.REQ 1) Z) 3) 4) Calculation of Cash Flow from Operating Activities Description Service Revenue Total Cash Received from Revenue Less Operating Expenses Salaries Net Cash Flow from Operating Activity 2020 Statement of Changes in Equity Common Retained --- :n Calculation of Cash Flow from Financing Activities Appendix - Cash Flow Table 0 3 m J (m 0 Cash Effect Outflow O -I W U'I 0 Account Inflow Cash Short-Term Investments Borrowings Common Stock l' O O 400 0 m 500 :a Retained Earnings I I l' U! N l' N U1 0 O U\"! 0 O O O I I I l' l' in w 0 N m 0 O O O O O O O O 0 U1 l' O O O

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