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I need help finishing this two proplems in the attachment fFORTEN COMPANY STATEMENT OF CASHFLOW For the year ended 31st December ,2013 Particulars Details $

I need help finishing this two proplems in the attachment

image text in transcribed \fFORTEN COMPANY STATEMENT OF CASHFLOW For the year ended 31st December ,2013 Particulars Details $ Amount $ Cash flows from operating Activities Net Income Adjustent to reconcile net income to net cash provided by net income Depreciation loss on sale of equipment Increase in account receivable Increase in merchandise inventory Decrease in prepaid expense Decrease in accounts payable Net cash provided by operating activities Cash Flows from Investing Activities Cash Received from sale of equipment Purchase equipment Net cash used in investing activities Cash Flows from Financing Activities Cash Borrowed on short term note Cash Paid on long term note Cash received from issuing common stock Payment of cash dividend Net cash Provided by Financing Activities Net increase / (decrease) in cash Cash balance at begning of the year Cash balance at end of the year 126,625 19,500 4,375 (17,000) (27,856) 475 (51,875) (72,381) 54,244 14,850 (87,550) (72,700) 3,500 (8,575) 60,000 (51,000) 3,925 (14,531) 69,500 54,969 GOLDEN CORP STATEMENT OF CASHFLOW CASHFLOW FROM OPERATING ACTIVITIES Net Income Adjustent to reconcile net income to net cash provided by net income increase in account receivable Increase in merchandise inventory Increase in accounts payable Increase in tax payable depreciation expense Net cash provided by operating activities 139,000 (12,000) (110,000) 61,000 3,000 53,000 134,000 CASHFLOW FROM INVESTING ACTIVITIES cash paid for equipment Net cash flows from investing activities CASHFLOW FROM FINANCING ACTIVITIES issued common stock for cash payment of cashg dividend Net cash used in Financing activities Net increase / (decrease) in cash Cash balance at begning of the year Cash balance at end of the year (76,000) (76,000) 55,000 (85,000) (30,000) 28,000 135,000 163,000 \fFORTEN COMPANY STATEMENT OF CASHFLOW For the year ended 31st December ,2013 Particulars Details $ Amount $ Cash flows from operating Activities Net Income Adjustent to reconcile net income to net cash provided by net income Depreciation Account receivable Increase Merchandise inventory Increase Prepaid expenses Decrease Accounts payable Decrease loss on disposal of equipment Net cash provided by operating activities Cash Flows from Investing Activities Cash Received from sale of equipment Purchase equipment Net cash used in investing activities Cash Flows from Financing Activities Cash Borrowed on short term note Cash Paid on long term note Cash received from issuing common stock Payment of cash dividend Net cash Provided by Financing Activities Net increase / (decrease) in cash Cash balance at begning of the year Cash balance at end of the year 126,625 19,500 (17,000) (27,856) 475 (51,875) 4,375 (72,381) 54,244 14,850 (87,550) (72,700) 3,500 (8,575) 60,000 (51,000) 3,925 (14,531) 69,500 54,969 GOLDEN CORP STATEMENT OF CASHFLOW For the year ended 31st December ,2013 Particulars Details $ Cash flows from operating Activities Net Income 159,000 Adjustent to reconcile net income to net cash provided by net income Account receivable Increase (24,000) Merchandise inventory Increase (85,000) A ccounts payable Increase 6,000 Tax payable Increase 7,000 Depreciation expense 59,000 Net cash provided by operating activities Amount $ 122,000 122,000 Cash Flows from Investing Activities Cash paid for equipment Net cash used in investing activities Cash Flows from Financing Activities Cash received from issuance of stock Cash Paid for cash dividend Net cash used in Financing activities Net increase / (decrease) in cash Cash balance at begning of the year Cash balance at end of the year (39,000) (39,000) 70,000 (94,000) (24,000) 59,000 144,000 203,000 FORTEN COMPANY STATEMENT OF CASHFLOW For the year ended 31st December ,2013 Particulars Details $ Adjustent to reconcile Amount $ net income to net cash Cash flows from operating Activities provided Adjustent to reconcile Adjustent to reconcile 126,625 by net Net Incomereconcile net income to net cash provided by net net income to net cash net income to net cash Adjustent to income income provided by net income provided by net income Depreciation expense loss on sale of equipment Increase in account receivable Increase in merchandise inventory Decrease in prepaid expense Decrease in accounts payable Net cash provided by operating activities Cash Flows from Investing Activities Purchase equipment Cash Received from sale of equipment Net cash used in investing activities Cash Flows from Financing Activities Cash Borrowed on short term note Cash Paid on long term note Cash received from issuing common stock Payment of cash dividend Net cash Provided by Financing Activities Net increase / (decrease) in cash Cash balance at begning of the year Cash balance at end of the year 19,500 4,375 (17,000) (27,856) 475 (51,875) (72,381) 54,244 (87,550) 14,850 (72,700) 3,500 (8,575) 60,000 (51,000) 3,925 (14,531) 69,500 54,969 Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile net income to net cash provided by net income Adjustent to reconcile 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Recommended Textbook for

Financial Accounting

Authors: W Steve Albrecht, Earl K Stice

11th Edition

0538746955, 9780538746953

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