For req 2.

A) operations are (generating or using up) cash

B.)the company is (divesting itself of or investing in new) plant assets

C.) there is more financing by (borrowing or issuing stock) than by (borrowing or issuing stock)\

D.) Cash (decreased or increased)

E.)For the reason Givem above, simithson's cash flow looks (steong or weak)

X 1 Data Table 2016 2015 Current Assets: Cash $ 94,000 $ 18,000 15,300 21,700 Accounts Receivable Merchandise Inventory 62,800 60,200 Current Liabilities: Accounts Payable $ 28,600 $ 26,100 Accrued Liabilities 10,600 10,800 Print Done More Info 1 Payment of cash dividends $ 15,200 Depreciation expense $ 17,400 107,000 Purchase of equipment with cash Issuance of long-term notes payable to borrow cash 54,900 Purchase of building with cash 51,000 Net income 111,000 67,600 Issuance of common stock for cash Print Done Requirement 1. Prepare the statement of cash flows of Smithson Educational Supply for the year ended December 31, 2016. Use the indirect method to report cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Smithson Educational Supply Statement of Cash Flows Year Ended December 31, 2016 Cash Flows from Operating Activities: Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing Activities Cash Flows from Financing Activities: Cash Flows from Financing Activities: Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2015 Cash Balance, December 31, 2016 Requirement 2. Evaluate Smithson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your ev Requirement 2. Evaluate Smithson's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. Complete the following statements to evaluate Smithson's cash flows. Operations are cash. plant assets. The company is There is more financing by Cash during the year. than by For the reasons given above, Smithson's cash flows look Cash dividends Requirement 3. If Smithson plans similar activity for 2017, what is its expecl Cash pmts for planned invest. = Cash payments for planned investments in long-term assets; NCOA = Net NCFA Select the labels and enter the amounts to calculate Smithson's expected fre NCOA in or parentheses for a negative free cash flow. Abbreviations used: Cash pmts for plann S; NCFA = Net cash provided by financing activities.) Free cash flow Choose from any list or enter any number in the input fields and then continue to the next