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Statement of Cash Flows

Current year cash receipts and disbursements for the Walker Aquarium appear below (in thousands).

1. Unrestricted cash contributions, $6,000.

2. Collections of documented promises, $65.

3. Cash endowments donor-restricted in perpetuity, $45.

4. Grant received from a private trust, restricted to special programs, $500. $425 is spent on these programs.

5. Cash paid to acquire equipment, $200.

6. Cash invested in securities, $150. Cash received from the sale of securities, $35.

7. Donor-restricted cash accumulated in prior years, spent for programs: $150; spent for equipment, $125.

8. Program, fund-raising and administrative expenses were $5,700; accounts payable increased $40 during the year, and depreciation included in expenses was $50.

9. Investment income was $25; included was $5 in unrealized gains.

Required

Prepare a statement of cash flows for Walker Aquarium, in good form. The beginning cash balance was $120, and the direct method is used for cash from operating activities.

Use negative signs with any answers that decrease (reduce) cash balance.

Walker Aquarium

Statement of Cash Flows(in thousands):

Cash flows from operating activities:

Contributions - 6065

Grant - 500

Investment income - 20

Program expenditures - *******(Need help with this part!!) (5700 + increase in AP + Dep Exp) Entered 5610 and its incorrect - What am I missing????******

Net cash from operating activities -

Cash flows from investing activities:

Equipment purchases - (325)

Investment purchases - (150)

Sale of investments - 35

Net cash used for investing activities - (440)

Cash flows from financing activities:

Endowments - 45

Net cash from financing activities - 45

Increase in cash -

Beginning cash balance - 120

Ending cash balance -