Complete Cash Flow Statement

| USE THE FOLLOWING INFORMATION TO ANSWER QUESTIONS 28 - 36: + CROSS & ASSOCIATES COMPARATIVE BALANCE SHEET 12/31/2017 12/31/2018 * $ 76,000 CASH ACCOUNTS RECEIVABLE (NET) MERCHANDISE INVENTORY INVESTMENTS LAND EQUIPMENT ACCUMULATED DEPRECIATION 60,000 44,000 10,000 60,000 52,000 (18,000) $ 284,000 $ 95,000 40,000 62,000 59,000 40,000 80,000 (19.000) $ 357.000 ACCOUNTS PAYABLE DIVIDENDS PAYABLE MORTGAGE NOTE PAYABLE COMMON STOCK, $5 PAR PAID-IN CAPITAL IN EXCESS OF PAR - CS. RETAINED EARNINGS $ 15.000 7,000 25,000 100,000 42,000 95 000 $ 284,000 $ 26,000 8,000 19,000 130,000 64,000 110.000 $ 357.000 ADDITIONAL DATA FOR THE 2018 FISCAL YEAR a b C d e 1 g h Net Income was $25,000 Depreciation reported on the Income Statement was $10,000, Cash dividends declared were $10,000 Investments were purchased for cash Land was sold for $35,000. Equipment with a book value of $3,000 (purchased @ $12K) was sold for $1,500 A mortgage note was paid in cash Common stock was issued for cash CROSS & ASSOCIATES USES THE INDIRECT METHOD FOR CASH FLOW. La copy Merge Center Pata B Format Painter Number Font Clipboard E41 H U K A C D F 1 (Write Up #1) Cross and Associates, Inc. 2 3 For the Year Ended 4 5 Cash Flows from Operating Activities 6 7 Plus: Non Cash Exp. Decr in CA, Inc. in CL, L 8 9 10 11 12 Less: Incr. in CA, Decr. In CL, Gain on Sale o 13 14 18 Net Cash Flow from Operating Activities 19 20 Cash Flows from Investing Activities 21 Plus: 22 24 Less: 25 26 Net Cash Flow from Investing Activities 27 28 Cash Flows from Financing Activities 29 Plus: 30 Less: 31 32 Net Cash Flow from Financing Activities 33 Total 35 36 37 2 40 42 Write Up #1 AM 2021