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Complete the statement one section at a time, beginning with the cash flous from operating activities. (Use parentheses or a minus sign for numbers to
Complete the statement one section at a time, beginning with the cash flous from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) Fred's Appliance, Inc. Statement of Cash Flows Year Ended December 31. 2016 6 Data Table Cash flows from operating activities Net income Fred's Appliance, Inc December 31 Current assets Cash and cash equivalents Accounts receivable Inventory Current liabilities Accounts payable Income tax payable Adjustments to reconcile net income to net cash 2016 2015 provided by (used for) operating activities: $ 71,800 22,000 44,500 83,100 49,300 80,100 37,70035.400 6,600 4,200 Net cash provided by (used for) operating activities Cash flows from investing activities PrintDone Net cash provided by (used for) investing activities Cash flows from finanoing activities Data Table Transaction Data for 2016 Net income Purchase of treasury stock Issuanoe of oommon stock for oash Loss on sale of equipment Payment of cash dividends Depteciation expense Issuance of long-term note payable in exchange for cash Purchase of building for cash Retirement of bonds payable by issuing common stock Sale of equipment for cash $ 56,800 13,600 36,700 10,500 18,200 21,200 34,300 128,000 85,000 52,000 Net cash provided by (used fo) financing activities Net increase (decrease)in cash: Cash balance, December 31, 2015 Cash balance, December 31, 2016 Nonoash investing and financing activities Print Done
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