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II. Prepare Statement of Cash Flow for PetroFosil Corp. using the following data: (10 points) Cash at the beginning of the year: $320,000 a. Classify
II. Prepare Statement of Cash Flow for PetroFosil Corp. using the following data: (10 points) Cash at the beginning of the year: $320,000 a. Classify the following transactions Cash Receipts from: Sales $152,500 Interest $3,500 Cash payments for: Loan $25,000 Interest Expense $2,575 Stocks of Other Company $23,000 b. Fill the missing information: PetroFosil Corp. STATEMENT OF CASH FLOWS For the Year Ended December 31, 2021 Increase (Decrease) in Cash Cash flows from operating activities: Net cash from operating activities Cash flows from investing activities: Net cash from investing activities Cash flows from financing activities: Net cash from financing activities Net increase in cash *Cash at beginning of year Cash-at end of year
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