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Five Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of
Five Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $28,000 and the ending balanoe was fows presented in aiphabetical order $58,900 Cash borrowed on three-year note Decrease in accounts payable Decrease in inventory Increase in accounts receivable Land purchased Net income New delivery truck purchased for cash Stock issued for cash 32,000 (5,000) 1,800 (5,500) 27,000 (8,400) 28,000 Required Prepare the current year statement of cash flows for Avalos Corporation. (Cash outflows should be indicated with negetive amounts.) AVALOS CORPORATION Statement of Cash Flows From operating activites From investing activities From financing acivities
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