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Help with requirements 1-3 A Requirements 1. Prepare the statement of cash flows of Dumont Educational Supply for the year ended December 31, 2018. Use
Help with requirements 1-3
A Requirements 1. Prepare the statement of cash flows of Dumont Educational Supply for the year ended December 31, 2018. Use the indirect method to report cash flows from operating activities. 2. Evaluate Dumont's cash flows for the year. Mention all three categories of cash flows, and give the reason for your evaluation. 3. If Dumont plans similar activity for 2019, what is its expected free cash flow? Print Done 0 Data Table 2018 2017 Current Assets: Cash $ 78,100 $ 14,800 63,900 18,500 21,300 Accounts Receivable Merchandise Inventory 59,400 Current Liabilities: Accounts Payable 30,100 31,600 10,800 Accrued Liabilities 11,800 Print Done i Data Table Payment of cash dividends $ Purchase of equipment with cash 22,200 Depreciation expense 55,200 Purchase of building with cash 45,000 Net income 112,000 16,900 106,000 66,600 Issuance of long-term notes payable to borrow cash Issuance of common stock for cash Print Print Done Done Step by Step Solution
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