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It's 2 questionsThank you!! Garcia Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $37,

It's 2 questionsThank you!!

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Garcia Trade has the following cash transactions for the period. Accounts Amounts Cash received from sale of products to customers $37, 500 Cash received from the bank for long-term loan 42, 500 Cash paid to purchase factory equipment (47, 500) Cash paid to merchandise suppliers (11, 500) Cash received from the sale of an unused warehouse 12, 500 Cash paid to workers (23,500) Cash paid for advertisement (3, 500) Cash received for sale of services to customers 27, 500 Cash paid for dividends to stockholders (5,500) Assume the balance of cash at the beginning of the period is $4,500. Required: 1. Calculate the ending balance of cash. 2. Prepare a statement of cash flows. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the ending balance of cash. Ending balance

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