Complete Statement of Cash Flows from Detailed Data. Use the Blank Financial Statement in the files section of this Canvas.
Using the following information, prepare a complete statement of cash flows.
(a) Cash balance, beginning $ 1,500
(b) Cash paid to purchase inventory 7,800					+
(c) Cash received from sale of a building 4,750
(d) Cash paid for interest 450
(e) Cash paid to repay a loan 1,000
(f) Cash collected from customers 11,200
(g) Cash balance, ending ?
(h) Cash received from issuance of new shares of common stock 1,200
(i) Cash paid for dividends 780
(j) Cash paid for income taxes 1,320
(k) Cash paid to purchase machinery 1,950
Operating Cash Flow: Gains and Losses
Using the following information, compute cash flow from operating activities. (Note: With
the limited information given, only the indirect method can be used.)
Increase in accounts receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 300
Decrease in income taxes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 170
Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000
Net income. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250
Gain on sale of equipment. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 440
Loss on sale of building . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 210