Ch 11 Q9

Please help.. The question has 4 parts. I give thumbs up on complete answers! Thanks!

The income statement and additional data of Jubilee World, Inc., follow. (Click the icon to view the income statement.) (Click the icon to view the additional data.) Read the requirements Requirement 1. Prepare Jubilee World's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method. Start by completing the cash flows from operating activities. Then complete the rest of the statement of cash flows and accompanying schedule of noncash investing and financing activities. (Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash.) Jubilee World, Inc. Data Table Statement of Cash Flows (Direct Method) Year Ended June 30, 2018 Cash flows from operating activities: Jubilee World, Inc. Receipts: Income Statement Year Ended June 30, 2018 Revenues: Total cash receipts Sales revenue 222,000 11,500 Payments: Dividend revenue $ 233,500 Expenses: Cost of goods sold 102,000 Salary expense 42,000 Depreciation expense 28,000 Advertising expense 8,000 Total cash payments Interest expense 2,500 Net cash provided by (used for) operating activities Income tax expense 10,500 193,000 $ 40,500 Net income i Requirements $ More Info 1. Prepare Jubilee World's statement of cash flows and accompanying schedule of noncash investing and financing activities. Report operating activities using the direct method 2. Evaluate the company's cash flows for the year. In your evaluation, mention all three categories of cash flows and give the rationale for your evaluation. Print Done Additional data: a. Collections from customers are $15,500 more than sales b. Payments to suppliers are $1,700 less than the sum of cost of goods sold plus advertising expense. c. Payments to employees are $2,200 less than salary expense. d. Dividend revenue, interest expense, and income tax expense equal their cash amounts. e. Acquisition of plant assets is $176,000. Of this amount, $122,000 is paid in cash and $54,000 is financed by signing a long-term note payable. f. Proceeds from the sale of land totaled $24,000. g. Proceeds from the issuance of common stock totaled $39,000. h. Payment of a long-term note payable is $20,000. i. Payment of dividends is $7,000. j. Cash balance, June 30, 2017, was $32,000. Choose from any list or enter any number in the input fields and then click che 4 parts remaining