Homework #2 CHANGE $ effect CASH TRADE RECEIVABLES INVENTORIES INVESTMENTS LAND EQUIPMENT ACCUM. DEPRECIATION 97,500 51,600 123,200 110,500 146,200 128,100 91,000 70,000 874,600 724,500 (211,800) (159,600) 1,099,700 946,100 ACCOUNTS PAYABLE ACCRUED EXPENSES DIVIDENDS PAYABLE COMMON STOCK, $10 PAR PIC IN EXCESS - COMMON RETAINED EARNINGS 75,000 4,800 20,000 450,000 23,800 526,100 1,099,700 70,600 7,100 14,000 350,000 16,800 487,600 946,100 Net income was $48,500 Depreciation expense on the income statement was $62,200 Plant assets worth $10,000 were discarded. The investments were sold for $100,000 and we reported a gain on sale of investments on the income statement for $9,000. Hwa STATEMENT OF CASH FLOWS FOR THE YEAR ENDED CASH FLOWS FROM OPERATING ACTIVITIES: Net income Add: + Deduct: Net cash flow from opeartions CASH FLOWS FROM INVESTING ACTIVITIES: Add: Less: Net cash flow investing CASH FLOWS FROM FINANCING ACTIVITIES: Add: Less: Net cash flow financing in cash Cash at the beginning of the year Cash at the end of the year Schedule of noncash financing activities: H STATEMENT OF CASH FLOWS FOR THE YEAR ENDED December 2020 VS FROM OPERATING ACTIVITIES: me