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Given the Data table on the left side, I need help creating a statement of Cash Flows I started my chart on the right, but
Given the Data table on the left side, I need help creating a statement of Cash Flows
I started my chart on the right, but I need help finishing it. I also need to make sure I have done what I input correctly.
97000 Net Income Depreciation Purchased fixed assets paying cash Received $90,000 cash for issuance of notes payable Received $120,000 cash for issuance of common stock Paid $20,000 for purchase of treasury stock Ending cash balance 40000 310000 90000 120000 20000 110000 97,000 2017 2016 Increase (Decrease) Assets Current assets: Cash Accounts receivable Inventory 110000 75000 100000 20000 $ 85000 $ 80000 $ 90,000 (10,000) 20,000 $ 3,000 10,000 (20,000) 12,000 71,000 Long-term assets 76,000 173,000 Plant assets Accumulated depreciation 430000 12000 120000 $ 9000 $ 314000 $ ABC Manufacturing, Inc. Statement of Cash Flows Year Ended December 31, 2017 , Cash Flows from Operating Activities: Net Income: Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory: Increase in Accounts Payable Increase in Accrued Liabilities Net Cash Provided by Operating Activities Cash Flows from Investing Activities: Cash Payment for Acquisition of Plant Assets Cash Receipt from Sale of Land Net Cash Used for Investing Activities Cash Flows from Financing Activities: Cash Receipt from Issuance of Common Stock Cash Payment of Notes Payable Cash Payment of Dividends Net Cash Provided by (Used for) Financing Activities Net Increase (Decrease) in Cash Cash Balance, December 31, 2016 Cash Balance, December 31, 2017 310,000 3,000 413,000 Total Assets 727000 Liabilities Current liabilities Accounts payable Accrued liabilities 32000 86000 20000 $ 15000 $ 12,000 71,000 Long-term liabilities Notes payable OS 90000 208000 90,000 173,000 Total liabilities 35000 S Stockholders equity Common stock Retained earnings Treasury stock Total stockholders equity Total stockholders equity and liabilities 220000 219000 20000 459000 100000 $ 179000 $ 0 $ 279000 $ 314000 $ 120,000 40,000 20,000 180,000 353,000 667000
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