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Computer Pros, Inc., ended 2019 with cash of $26,500. During 2020, Computer Pros earned net income of $120,000 and had adjustments to reconcile net income
Computer Pros, Inc., ended 2019 with cash of $26,500. During 2020, Computer Pros earned net income of $120,000 and had adjustments to reconcile net income to net cash provided by operations totaling $23.000 (this is a negative amount) Computer Pros purchased equipment for $355,000 during 2020 and had to borrow half of this amount on a long-term note. During the year, the company paid dividends of $15,000 and sold old equipment, receiving cash of $87 000 Prepare Computer Pros's statement of cash flows with its appropriate heading for the year ended December 31, 2020 Prepare the statement of cash flows for Computer Pros Inc. (Use a minus sign or parentheses when subtracting numbers and for cash outflows.) Cash flows from operating activities: Net cash inflow from operating activities Cash flows from investing activities Net cash outflow from investing activities Cash flows from financing activities: Net cash inflow from financing activities Timo Pemaining: 01:40:16
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