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Hi I need the below question answered ASAP for MBA 560 Financial and Managerial Accounting. Purchases of property, plant and equipment $3,500 Net Income 3,050

Hi I need the below question answered ASAP for MBA 560 Financial and Managerial Accounting.

Purchases of property, plant and equipment $3,500

Net Income 3,050

Adjustments to reconcile net income to net cash provided by operating activities 2,370

Revenues 58,800

Cash, beginning of the year 270

End of year 1,990

Cost of goods sold 37,570

Other investing cash payments 165

Accounts Receivable 900

Payment of dividends 270

Common stock 4,880

Issuance of common stock 200

Sales of property, plant and equipment 35

Retained earnings 12,950

Requirements

1.Prepare a cash flow statement for the year ended May 31, 2013.

Not all items given appear on the cash flow statement.

2.What activities provided the largest source of cash? Is this a sign of financial strength or weakness?

(Leave unused cells blank. Use a parentheses or a minus sign for any cash outflows, amounts to be subtracted and net decreases in cash.)

The Splash and Fun Company

Cash Flow Statement

For the Year Ended May 31, 2013

Millions

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

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