Carla Vista Inc. is a private company reporting under ASPE. The following selected account balances were reported in Carla Vista Inc's financial statements at year end: 2021 2020 Cash $ 18,600 $8,400 Buildings 837,000 733,000 Equipment 395,000 343,400 Land 93,000 51,000 304,000 288,500 123,000 92,000 6,150 2,600 544,200 584.200 339,000 308,000 Accumulated depreciation--buildings Accumulated depreciation equipment Dividends payable Mortgage payable Notes payable Common shares: 5,380 shares in 2021: 3,980 in 2020 Retained earnings Cash dividends declared Depreciation expense-buildings Depreciation expense-equipment 538,000 409,000 199,000 100,000 24,000 9,200 24,000 39.900 47.405 25.550 -)15 Commonshares SUUSTares ZUZT3.7UTZUZU 530,000 404,000 Retained earnings 199,000 100,000 Cash dividends declared 24,000 9,200 24,000 39.900 47.405 25,550 Depreciation expense-buildings Depreciation expense-equipment Gain on sale of equipment Loss on sale of building Interest expense 880 0 9,100 0 48,050 43,950 Additional information: 1 Purchased $74,000 of equipment for $9,600 cash and a note payable for the remainder. 2. Equipment was also sold during the year. Sold a building that originally cost $49,000. Used cash to purchase land and a building Mortgage payments and notes payable payments included interest and principal amounts. 6 Common shares were issued for cash. 3. 4 5. Determine the amount of any cash inflows or outflows related to investing activities in 2021. (Hint: Use Taccounts to calculate the cash flows.) (Show amounts that decrease cash flow with elther a-signes.-15,000 or in parenthesis es (15,000.) CARLA VISTA INC. Cash Flow Statement (Partial) Year Ended December 31, 2021 v Investing Activities Sale of Equipment Purchase of Land > Net Cash Used by Investing Activities $ What was the amount of profit reported by Carla Vista Inc. in 2021? Amount of profit $ Determine the amount of any cash inflows or outflows related to financing activities in 2021. (Hint: Use Taccounts to calculate the cash flows.) (Show amounts that decrease cash flow with either a-signes. -15,000 or in parenthesis es (15,0001) CARLA VISTA INC. Cash Flow Statement (Partial) Identify and determine the amount of any noncash financing activities in 2021. Equipment costing $ was acquired by paying $ cash and issuing a note paya Calculate the cash operating activities. (Hint: Using the cash balances provided, calculate increase or decrease in cash first.) (Show amounts that decrease cash flow with elther a-sign es. -15,000 or In parenthesis es. (15,000)) Cash from net cash by operating activities $
