cashflow 12b

For each of the following transactions, indicate whether operating (O). Investing (), or financing activities (F), or none of the activities (NE) are affected and whether the effect is a cash Inflow (1) or outflow (-), or (NE) if the transaction has no effect on cash, Activity Cash Flow po ces Transaction 1. Received deposits from customers for products to be delivered the folowing period 2. Principal repayments on loan 3. Paid cash to purchase new equipment 4. Received proceeds from loan 5. Collected payments on account from customers 6. Recorded and paid salaries and wages to employees 7. Paid cash for building construction B. Recorded and paid interest to debt holders Hunter Company is developing its annual financial statements at December 31. The statements are complete except for the statement of cash flows. The completed comparative balance sheets and income statement are summarized: Current Year Prior Year Cash Balance sheet at December 31 Accounts Receivable Inventory Equipment Accumulated Depreciation-Iquipment Total Assets Accounts Payable Salaries and Wages Payable Notes Payable (long-term) Common Stock Retained Earningo Total Liabilities and Stockholders' Equity Income Statement (current year) Sales Revenge Cost of Goods Sold Other Expenses Net Income $ 46,220 25,200 28,200 108,000 (36,200) $ 172,220 $ 23,800 820 36,000 79,000 32,600 $ 172,220 $ 17,000 27,000 34,000 100,000 (29,000) $ 149,000 $ 21,000 1.000 46.000 58,000 23,000 $ 149,000 $ 112,000 67,000 31,800 $ 13,200 Additional Data: a. Bought equipment for cash $8,800. b. Pald $10,000 on the long-term notes payable Issued new shares of stock for $21,000 cash. d. Declared and paid a $3,600 cash dividend, e. Other expenses included depreciation, $7,200; salaries and wages, $11,200, taxes, $4,200; utilities, $9,200. Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or e. Other expenses included depreciation, $7.200, salaries and wages, $11,200, taxes, $4,200, utilities, $9,200 Accounts Payable includes only inventory purchases made on credit. Because there are no liability accounts relating to taxes or other expenses, assume that these expenses were fully paid in cash 33 34 point Required: 1. Prepare the statement of cash flows for the year ended December 31 using the indirect method (Amounts to be deducted should be indicated with a minus sign.) eBook References HUNTER COMPANY Statement of Cash Flows For the Year Ended December 31 Cash Flows from Operating Activities: Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities 0 0 Cash Flows from Investing Activities Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities: Changes in Current Assets and Current Liabilities 0 0 Cash Flows from Investing Activities: 0 Cash Flows from Financing Activities: 0 $ o