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help with the stuff in red please thank you! Kingbird, Inc. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from
help with the stuff in red please thank you!
Kingbird, Inc. Statement of Cash Flows For the Year Ended December 31, 2020 Cash Flows from Operating Activities Net Income $ 103100 Adjustments to reconcile net income to Net Increase in Cash Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Decrease in Accounts Payable $ 14700 17400 11600 Net Cash Provided by Operating Activities . . . . . . . . . . Additional information: 1. Net income for 2020 was $103,100. 2. Cash dividends of $40,800 were declared and paid. 3. Bonds payable amounting to $52,700 were redeemed for cash $52,700. 4. Common stock was issued for $41,000 cash. 5. No equipment was sold during 2020, but land was sold at cost. Prepare a statement of cash flows for 2020 using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000, or in parenthesis e.g. (15,000).) Net Cash Provided by Operating Activities Cash Flows from Investing Activities Sale of Land Purchase of Equipment Net Cash Used by Investing Activities Cash Flows from Financing Activities Payment of Cash Dividends Redemption of Bonds Issuance of Common Stock Net Cash Provided bv Financing Activities 32900 \begin{tabular}{|r|r} 40800 \\ \hline \end{tabular} 52700 \begin{tabular}{|r||} \hline 52500 \\ \hline \end{tabular}Step by Step Solution
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