FILL IN THE GREEN UNDERLINED PARTS 1 - 5

THERE SHOULD BE 5 AWNSERS

Questions^^^^^

HW 1: You have been asked to prepare the Statement of Cash Flows for Bevo Hardware, Inc. Bevo has provided an Income Statement for the year ended September 30, 2018 and Balance Sheet account balances for the years ended September 30, 2018 \& September 30,2017. Details on certain transactions are also provided. Bevo Hardware, Inc. Comparative Balance Sheets (unclassified listing) September 30, 2018 and September 30, 2017 Details on Transactions: a. Acquisition of plant assets is $129,000. Of this amount $103,000 is paid in cash and $26,000 by signing a note payable. b. Cash receipt from the sale of land totals $31,000. There is no gain or loss. c. Cash receipts from issuance of common stock total $32,000 (no par value) d. Payment of note payable is $15,000 e. Payment of dividends is $12,000 Bevo Hardware, Inc. Statement of Cash Flows Year Ended September 30, 2018 Cash Flows From Operating Activities: Net Income Adjustments to reconcile Net Income to Net Cash Provided by Operating Activities: DepreciationExpenseDecreaseinAccountsReceivableIncreaseinMerchandiseInventoryIncreaseinAccountsPayableDecreaseinAccruedLiabilities$26,00020,0002.=3.=(5,000) Net Cash provided by Operating Activities Cash Flows From Investing Activities: Cash paid for Plant Assets Net Cash Provided or (Used) for Investing Activities Cash Flows From Financing Activities: Cash from the sale of Common Stock CashpaidonNotePayable Net increase or (decrease) in Cash Cash Balance, September 30, 2017 Cash Balance, September 30, 2018