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Cash flow from operating activities Net Income ? Adjustments for noncash effect Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease
Cash flow from operating activities | ||
Net Income | ? | |
Adjustments for noncash effect | ||
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | ? |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | ? |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | ? |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | ? |
Changes in Operating Asset and Liabilities | ||
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Net Cash from form Operating activities | $? | |
Cash Flow from investing activities: | ||
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Net Cashflow from investing activities | $? | |
CashFlow from Financing activities | ||
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Net Cashflow from Financing activities | $? | |
Net Increase in Cash | ? | |
Cash Balance, Jan 1 | ? | |
Cash Balance, Jan 31 | $? | |
Noncash Investing and Financial activities: | ||
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
Acquired land by issue note/ Amortization of bond discount/ Decrease in AP/ Decrease in AR? | ? | |
The comparative balance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Company. Additional information from Dux's accounting records is provided also. 2020 DUX COMPANY Comparative Balance Sheets December 31, 2021 and 2020 ($ in thousands) 2021 Assets Cash $117.0 Accounts receivable 62.0 Less: Allowance for uncollectible accounts (3.0) Dividends receivable 17.0 Inventory 69.0 Long-term investment 29.0 Land 84.0 Buildings and equipment 169.0 Less: Accumulated depreciation (7.0) $537.0 34.0 64.0 (2.0) 16.0 64.0 24.0 40.0 264.0 (120.0) $384.0 $ 34.0 19.0 $ 27.0 16.0 18.0 21.0 Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable Less: Discount on bonds Shareholders' Equity Common stock Paid-in capital-excess of par Retained earnings Less: Treasury stock 93.0 (2.0) 54.0 (3.0) 210.0 24.0 94.0 (8.0) $537.0 200.0 20.0 22.0 $384.0 DUX COMPANY Income Statement For the Year Ended December 31, 2021 (Sin thousands) Revenues Sales revenue $410.0 Dividend revenue 17.0 $427.0 Expenses Cost of goods sold 148.0 Salaries expense 53.0 Depreciation expense Bad debt expense 1.0 Interest expense 36.0 Loss on sale of building 31.0 Income tax expense 44.0 314.0 Net income $113.0 1.0 Additional information from the accounting records: a. A building that originally cost $152,000, and which was three-fourths depreciated, was sold for $7,000. b. The common stock of Byrd Corporation was purchased for $5,000 as a long-term investment. C. Property was acquired by issuing a 13%, seven-year, $44,000 note payable to the seller, d. New equipment was purchased for $57,000 cash. On January 1, 2021, bonds were sold at their $39,000 face value. f. On January 19, Dux issued a 5% stock dividend (1,000 shares). The market price of the $10 par value common stock was $14 per share at that time. g. Cash dividends of $27,000 were paid to shareholders. h. On November 12, 12,500 shares of common stock were repurchased as treasury stock at a cost of $8,000. Required: Prepare the statement of cash flows for Dux Company using the indirect method. (Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands (i.e., 10,000 should be entered as 10).)
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