My question is SE 11-2

18. The statement of cash flows provides information that may be useful in predicting future cash flows, evaluating financial flexibility, assessing liquidity, and identifying a company's financing needs. It is not, however, the best financial statement for learning about a firm's financial performance during a period. Information about a company's financial performance is provided by the income statemer. distinguish the income statement from the statement of cash flows. (a) Define the revenue recognition principle and the matching concept. (b) Briefly explain how these two principles work to make the income statement a better report regarding a firm's periodic financial performance than the statement of cash flows. Two basic principles-the revenue recognition principle and the matching conceptwork to SE11-7. The follow Assignments with the logo in the margin are available in Business Course. See the Preface of the book for details. SHORT EXERCISES SE11-8. Use the following information regarding the Seville Corporation to answer Short Exercises 11-1 through 11-3: SE11-9. SE11-10. Accounts payable increase. Accounts receivable increase. Accrued liabilities decrease Amortization expense. Cash balance, January 1 Cash balance, December 31 Cash paid as dividends Cash paid to purchase land Cash paid to retire bonds payable at par Cash received from issuance of common stock. Cash received from sale of equipment. Depreciation expense.... Gain on sale of equipment Inventory decrease. Net income Prepaid expenses increase $ 9.000 4,000 3,000 6.000 22,000 15,000 29,000 90,000 60,000 35,000 EXER E11-1A. 17,000 29.000 4,000 13,000 76,000 2,000 hers e Cambridge Business Publishers Chapter 11 Statemen 0 $11-1. Cash Flow from Operating Activities Using the information for the Seville Corporation above, calculate the cash flow from operating activities. SE11-2. Cash Flow from Investing Activities Using the information for the Seville Corporation above, calculate the cash flow from investing activities. SE11-3. Cash Flow from Financing Activities Using the information for the Seville Corporation above, calculate the cash flow for financing activities. SE11-4. Direct Method Using the following data for Los Altos, Inc., calculate the cash paid for rent: $80,000 10,000 8,000 Rent expense. Prepaid rent, January 1 Prepaid rent, December 31 SE11-5. Direct Method Using the following data for Los Altos, Inc., calculate the cash received as interest: $26,000 3,000 3,700 Interest income