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Need help with correcting statement of cash flows. Cash flows statement must show changes in operating, investing, and financing. I've included the original problem, then
Need help with correcting statement of cash flows. Cash flows statement must show changes in operating, investing, and financing. I've included the original problem, then also attached the work I've done and the feedback on changes that should be made to correct.
4. Depreciation of SLAOO is included in uperating expense: Required: SANTANA INDUSTRIES Statement of Cash Flows For the Year Ended December 31, 2024 ( $ in thousands) Cash Flows from Operating Activities Net Income Adjustments for noncash effects: Depreciation expense Loss on sale of equipment $4,800 Changes in operating assets and liabilities: Decrease in Accounts Receivable 1600 Decrease in Inventory Increase in Prepaid Rent Increase in Accounts Payable Increase in Interest Payable 0 Increase in Deferred Revenue Decrease in Income Taxes Payable (300) Net cash flows from operating activities (1000) 50 300 100 200 (250) EXPLANATION: Missing the cash flows from investing and financing sections. Amounts should be Step by Step Solution
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