Firlancial Acoounting - Chagter 16 Statement of Cash Flows 1. 11 points. Provide joumal entries to record each of the following transactions. For each, identify whether the transaction represents a source of cash (S), a use of cash (U), or neither (N). A. One June 2, declared and paid to shareholders, a dividend of $24,000, B. On June 18, issued common stock at par value for $12,000cash. C. On July 2 , sold a tract of land that had cost $10,000, for $16,000. D. On July 16, purchased a company truck, with a note payable of $18,000. E. On July 27 , collected $8,000 from customer accounts receivable. What adjustment(s) should be made to reconclie net income to net cash flows from operating activitles (indirect method)? (Show your work, if applicable) 4. 7 points Use the following information from Chocolate Company's financial statements to determine operating net cash flows (indirect method). Use the worksheet with the Pink tab for this. LO 16.3 5. 2 points Provide the missing plece of information for the following statement of cash flows puzzle. 6. 8 points The following are excerpts from Hamburg Company's statement of cash flows and other financial records, Compute the following for the company: A. free cash flow w use the worksheet with the Yellow tab for this B. cash flows to sales ratio C. cash flows to assets ratio 14016.5 Cash Flows to Sales Ratio ehmw unur fnrmula and calaulations here. Cash Flows to Assets Ratio