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Gordon Company's accounting records provided the following changes in account balances and other information for 2019: Net Changes for 2019 Debit Credit Cash $1,200 Accounts
Gordon Company's accounting records provided the following changes in account balances and other information for 2019: Net Changes for 2019 Debit Credit Cash $1,200 Accounts Receivable $1,200 Inventory 1,800 Buildings and Equipment 8,200 Accumulated Depreciation 2,800 Accounts Payable 900 Common Stock, no par 5,900 Retained Earnings 2,200 $12,100 $12,100 Additional information: Net income totaled $6,000. Dividends were declared and paid. Equipment was purchased for $8,200. No buildings and equipment were sold during the year. One hundred shares of common stock were sold for $59 per share. The ending cash balance was $4,700. Required: Using visual inspection, prepare a 2019 statement of cash flows for Gordon. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments. GORDON COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Operating Activities: Adjustment for noncash income items: Adjustments for cash flow effects from working capital items: Net cash provided by operating activities Investing Activities: 0 Net cash used for investing activities Financing Activities: Net cash provided by financing activities Dudu
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