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I need help with this statement of cash flows. Can yall help me make it in the format of the second picture? 7. Prepare a

I need help with this statement of cash flows. Can yall help me make it in the format of the second picture? image text in transcribed
image text in transcribed
7. Prepare a statement of cash flows for Eldridge Company using the following information (use blank sheet of paper provided). Eldridge Company Balance Sheets At December 31 2013 2012 Assets: S29,568 27,648 35,280 74,052 67,680 174,600 40 260 37 440) $393.354 $341,820 Cash Merchandise inventory Long-term investments Machinery 38,616 87,750 67,080 210,600 Total a Liabilities: $78,000 48,456 12,240 58500 79,200 $149,370 $139,896 Accounts payable 12,870 Bonds payable Total liabilities Equity: Common stock Paid-in capital in excess of par Retained earnings 115,200 10,800 87984 75924 $243.984 201.924 393,354 341,820 140,400 15,600 Total equity Total liabilities and equity Income Statement For Year Ended December 31, 2013 $288,000 Sales Cost of goods sold Depreciation expense Other operating expenses Interest expense Other gains (losses: $97,080 35,280 57,600 2400 192,360)) Loss on sale of equipment Income before taxes Income taxes expense Net income 85,560 33,180 S 52,380 (1) Sold 5 year bond investment for $600. (2) Old machinery with an original cost of $45,060 was sold for $2,520 cash. (3) New machinery was purchased for $81,060 cash. (4) Cash dividends of $40,320 were paid. (5) Additional shares of stock were issued for $30,000. (6) Retired bonds previously issued for $20,700. Genesis Statement of Cash Flows For YE 12-31-XX Cash flows from operating activities Net income Adjustments to reconcile net income to net cash from operating activities: Depreciation expense Loss on sale of plant assets Gain on retirement of notes Increase in account receivable Increase in merchandise invent Increase in prepaid expenses Decrease in accounts payable Decrease in interest payable Increase in income taxes payable Net cash operating activities Cash flows from investing activities Cash received from sale of plant assets Cash paid for purchase of plant assets Net cash investing activities Cash flows from financing activities Cash received from issuing stock Cash paid to retire notes Cash paid for dividends Net cash financing activities Net increase in cash Cash balance at prior year-end Cash balance at current year-end

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