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Exercise #1 On December 319 2020, we submit to you the following data needed to determine The net Cash Provided or Used by the activities
Exercise #1 On December 319 2020, we submit to you the following data needed to determine The net Cash Provided or Used by the activities of the organization. On December 319 2020 Income statement shows a Net Profit of 49,000-$ Comparing Balance sheets for 2029 and 2020 , Cash shows in 2019 112,000-$ and in 2020 177,000-$ Details are the following: Showed in the Income statement: Loss on sale of Truck 8,000-S Gain on sale of Generator 11,000 $ Depreciation expenses 7.500-S More details: Purchase Equipment Cash 53,500-S Decrease in Inventory 12,500-S Issuance of Bonds 22,000-$ Paying Dividends 27,000 $ Increase of Accrued liabilities 14,000 $ Decrease in Current assets 9,000-$ Sale of land 47,000 5 Decrease in Accounts payable 16,000-$ Issuing Common stocks 21,000 $ Purchasing Treasury stocks 18,000 Prepare statement of Cash flow provided by all activities. 50 pts
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