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Complete the statement of sources and uses of cash from the following entries: Net income$1,600 Dividends800 Additions to inventory130 Additions to receivables 160 Depreciation100 Reduction
Complete the statement of sources and uses of cash from the following entries:
Net income$1,600
Dividends800
Additions to inventory130
Additions to receivables 160
Depreciation100
Reduction in payables560
Net issuance of long-term debt310
Sale of fixed assets70
Sources
Issued long-term debt
Sales of fixed assets
Cash from operations:
Net income
Depreciation
Total Sources $:
Uses
Additions to inventory
Increase in accounts receivable
Decrease in accounts payable
Payment of dividends
Total uses$:
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