Data Table Cash Accounts Receivable Inventory May 1 Receipts May 31 6,000 110,000 606,000 Payments 438,000 Credit sales 528,000 Collections 278,000 May 1 5,000 May 1 526,000 Purchases 451,000 Cost of Sales 448,000 May 31 7,000 May 31 9,000 Equipment Accumulated Deprec.-Equipment Accounts Payable May 1 Depreciation May 31 May 1 May 1 190,000 Acquisition 7,000 197,000 54,000 10,000 Payments 64,000 14,000 451,000 137,000 328,000 Purchases May 31 May 31 Accrued Liabilities Retained Eamings May 1 May 1 34,000 Accruals 31 May 31 19,000 Quarterly 31,000 Dividend 16,000 70,000 35,000 87,000 Payments 18,000 Net Income May 31 Print Done The accounting records of the Cuddly Trading Post Company include these accounts EEB (Click the icon to view the accounts) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows ndicates that the company seling inventory Thereis . Ovrl operations generated anet cash fow, which Vcollecting receivables and The Vin Accounts Payable net cash flow, which is sign Choose from any list or enter any number in the input fields and then continue to the next question. Collections from customers Decrease in accrued liabilities Depreciation Increase in accounts payable Increase in accounts receivable Increase in inventory Net income Payments to suppliers Purchase of equipment The accounting records of the Cuddly Trading Post Company include these accounts (click the icon to view the accounts.) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows ndicates that t | selling inventory. There is V.Overall,operations generateda collecting receivables and 1 . The Vin Accounts Payable net cash flow, which is sign. signs of trouble Choose from a no signs of trouble r in the input fields and then continue to the next question. The accounting records of the Cuddly Trading Post Company include these accounts EEB (Click the icon to view the accounts) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows ndicates that the company Vcollecting receivables and selling inventory. There is .The Vin Accounts Payable rations generated a net cash flow, which is sign signs of trouble Choose from any list or enter any number in the input fields no signs of troublenext question The accounting records of the Cuddly Trading Post Company include these accounts EB (Click the icon to view the accounts.) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? selling inventory. There is .Overall, operations generateda .The Cuddly shows indicates that the company collecting receivables and in Accounts Payable a large decrease in both Accounts Receivable and Inventory no large buildup in either Accounts Receivable or Inventory a large buildup in both Accounts Receivable or Inventory Choose from any list or enter any number in the input fields and then continue to the next question. The accounting records of the Cuddly Trading Post Company include these accounts (click the icon to view the accounts.) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activities Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows indicates that the company collecting receivables and selling inventory. There is 1. The in Accounts Payable .Overall, operations generated anet cash flow, which is ign. decrease Choose from any list or enter any number in the input fields and then continue to the next question. increase The accounting records of the Cuddly Trading Post Company include these accounts EEB (Click the icon to view the accounts.) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activitics: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows ndicates that the company Vcollecting receivables and V selling inventory. There is .Overall, operations generated a . The Vin Accounts Payable net cash flow, which is V sign Choose from any list or ent is not having any difficulty paying creditors o the next question. may have difficulty paying creditors in the future The accounting records of the Cuddly Trading Post Company include these accounts EEB (Click the icon to view the accounts) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tel? Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows indicates that the company selling inventory. There is V.Overall, operations generated a collecting receivables and . The Vin Accounts Payable net cash flow, which is Vsign Choose from any list or enter any number in the input fields and then continue to the next question positive negative The accounting records of the Cuddly Trading Post Company include these accounts EB (Click the icon to view the accounts.) Requirement 1. Prepare the company's net cash provided by (used for) operating activities section of the statement of cash flows for the month of May. Use the indirect method. Do you see any potential problems in the company's cash flows from operations? How can you tell? Cash flows from operating activities: Adjustment to reconcile net income to net cash provided by (used for) operating activities: Net cash provided by (used for) operating activities Do you see any potential problems in the company's cash flows from operations? How can you tell? Cuddly shows indicates that the company collecting receivables and .The V selling inventory. There is .Overall, operations generated a Vin Accounts Payable net cash flow, which is sign Choose from any list or enter any number in the input fields and then continue to the next question. an unfavorable a favorable