Cash Flow Statement

ConRadcalendar year-end 2023 and 2022 balance sheets showed the following items:

	2023	2022
Cash	$27,000	$21,000
Accounts Receivable	$43,000	49,000
Inventory	$113,000	97,000
Equipment	96,000	81,000
Accumulated Depreciation	25,000	16,000
Common Shares	135,000	135,000
Retained Earnings	119,000	97,000

Additional information about the corporation's activities during 2023follows:

All merchandise purchases were for cash

All equipment acquisitions were for cash

Total Depreciation Expense$9000

Net Income for 2023$40,000

The company declared $20,000 of cash dividends and paid $18,000.

Preparea statement of cash flows for 2023 using theindirect methodof calculating the net cash provided/used. Include all activities; adjustments and correct terminology for each item (list all inflow/outflow activities).

 

 

Cash flows from operating activities:

Net cash inflow/outflow fromoperating activities

Cash flows from investing activities:

Net cash inflow/outflow frominvesting activities

Cash flows from financing activities:

Net cash inflow/outflow fromfinancing activities

Net increase/decrease in cash

Cash balance at beginning of year

Cash balance at end of year