CP 148

Assume the following income statement and balance sheet information:

I have attached the full question and workbook for the answers to be filled into below. The answers MUST BE PUT INTO THIS WORKBOOK FORMAT or I won't understand them. Also, I can't understand handwriting that's not my own, so please DO NOT GIVE HANDWRITTEN ANSWERS. Need this ASAP. Thank you! :)

Also, I had to repost this question as so far the experts dont understand it. I have no idea what to add as this is all the textbook has given me. If they meant that the questions and the places where to put the answers are out if order, then just put whatever the correct answers are in the correct place. It might just be a mistake during printing. As long as all the blank lines are filled with the correct answers to the questions, Ill be happy. Thank you.

This is the picture of all the questions from the textbook:

These are the pictures of the entire workbook given for the answering of these questions:

CP 14-8 Assume the following income statement and balance sheet information Service revenue (all cash) Operating expenses $175 Salaries (all cash) Net income 85 2020 2019 $1,600 $1,800 Current assets Cash Short-term invest. $1,250 Liabilities Borrowings 1,000 Stockholders' equity 300 Common stock Retained earnings 200 50 500 $1,800 Other information: The short-term investments are riskless and will be converted to a known amount of cash in 60 days. Borrowings are non- current. No gain or loss occurred when common stock was repurchased Required 1. Calculate cash flow from operating activities. 2. Prepare the 2020 statement of changes in equity 3. Calculate cash flow from financing activities. 4. (Appendix) Prepare a cash flow table. Show that cash effects net to CHAPTER FOURTEEN The Statement of Cash Flows CP 14-8 1 Adjustments to net income: Name 2. The statement of changes in equity would show: Common Retained Total shares earnings equity 3. Analysis of borrowings: The journal entry to construct the SCF would be Date Description Debit Credit CHAPTER FOURTEEN The Statement of Cash Flows Name CP 14-8 continued Cash used by financing activities: 4. (Appendix) Cash flow table: Balance 2020 2019 Dr(Cr) Dr(Cr)Dr Change Cash Effect Cr Inflow Outflow Activity Account Snet cash flow