Exercise 14-2A (Algo) Use the indirect method to determine cash flows from operating activities LO 14-1 Baird Incorporated presents its statement of cash flows using the indirect method. The following accounts and corresponding balances were drawn from the company's Year 2 and Year 1 year-end balance sheets. Account Title Year 2 Year 1 Accounts receivable $14,600 $18,500 Accounts payable $ 7,650 $10,500 The Year 2 income statement showed net income of $27,600. Required a. Prepare the operating activities section of the statement of cash flows. (Amounts to be deducted should be indicated with minus sign.) Cash flows from operating activities Net cash flow from operating activities $ 0 Check my work Exercise 14-8A (Algo) Determining cash flow from investing activities LO 14-3 On January 1, Year 1, Vernon Company had a balance of $263,000 in its Land account. During Year 1, Vernon sold land that had cost $76,500 for $155,500 cash. The balance in the Land account on December 31, Year 1, was $281,500. Required a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cash outflow for the purchase of land during Year 1. Cash outflow for the purchase of land Required A Required B > Next Check my work Exercise 14-8A (Algo) Determining cash flow from investing activities LO 14-3 On January 1, Year 1, Vernon Company had a balance of $263,000 in its Land account. During Year 1, Vernon sold land that had cost $76,500 for $155,500 cash. The balance in the Land account on December 31, Year 1, was $281,500. Required a. Determine the cash outflow for the purchase of land during Year 1. b. Prepare the investing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B. Prepare the investing activities section of the Year 1 statement of cash flows. (Cash outflows should be indicated with minus sign.) Cash flow from investing activities Net cash flow from investing activities $ Check my work es Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 On January 1, Year 1, Jordan Company had a balance of $105,500 in its Common Stock account. During Year 1, Jordan paid $28,500 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $143,500. Assume that the common stock is no par stock. Required a. Determine the cash inflow from the issue of common stock. b. Prepare the financing activities section of the Year 1 statement o. Lash flows. Complete this question by entering your answers in the tabs below. Required A Required B Determine the cash inflow from the issue of common stock. Common stock issued C Requireit A Required B > Check my work Exercise 14-12A (Algo) Determining cash flows from financing activities LO 14-4 On January 1, Year 1, Jordan Company had a balance of $105,500 in its Common Stock account. During Year 1, Jordan paid $28,500 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $143,500. Assume that the common stock is no par stock. Required a. Determine the cash inflow from the issue of common stock. b. Prepare the financing activities section of the Year 1 statement of cash flows. Complete this question by entering your answers in the tabs below. Required A Required B Prepare the financing activities section of the Year 1 statement of cash flows. (Cash outflow should be indicated with a minus sign) Cash flows from financing activities: Net cash flow from financing activities