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how and what is the formula to find net increase? a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000
how and what is the formula to find net increase?
a. Purchase of fixed assets for cash, $53,300 Proceeds from issuance of common stock, $33,000 Payment of dividends, $46,400 Collection of interest, $6,500 o o o o h. i. j. k. Proceeds from sale of fixed assets, $22,400 Collections from customers, $635,000 Cash receipt of dividend revenue, $4,600 Payments to suppliers, $368,500 Depreciation expense, $59,000 Proceeds from issuance of long-term notes, $22,300 - n. Income tax expense and payments, $36,000 Cash balances: November 30, 2017, $39,700; November 30, 2018, $109,000 1. Prepare Kantin Ore, Inc.'s statement of cash flows for the year ended November 30, 2018. Use the direct method for cash flows from operating activities. Kantin Ore, Inc. Statement of Cash Flows Cash flows from operating activities: Receipts: Collections from customers Interest received 635,000 6,500 4,600 Dividends received Total cash receipts | $ 646,100 Payments: Payments to suppliers Payments to employees Payments for income taxes (368,500) (92,000) (36,000) Payments: Payments to suppliers Payments to employees (368,500) (92,000) (36,000) (13,300) Payments for income taxes Payments for interest Total cash payments (509,800) Net cash provided by (used for) operating activities 136,300 Cash flows from investing activities: Acquisition of fixed assets (53,300) Proceeds from sale of fixed assets 22.400 Net cash provided by (used for) investing activities (30,900) Cash flows from financing activities: Payment of long-term notes payable $ (45,000) Cash flows from investing activities: Acquisition of fixed assets (53,300) 22,400 Proceeds from sale of fixed assets Net cash provided by (used for) investing activities (30,900) Cash flows from financing activities: Payment of long-term notes payable (45,000) (46,400) Payment of dividends Proceeds from issuance of long-term notes payable 22,300 33,000 (36,100) Net cash provided by (used for) financing activities Net increase (decrease) in cash: Cash balance, November 30, 2017 Cash balance, November 30, 2018Step by Step Solution
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