Net Income for A company is $100,000. The company had $14,000 in depreciation expense, a loss on the sale of Equipment of $1,000, an increase in accounts payable of $7,000, a decrease in accounts receivable of $5,000, an increase in inventory of $6,000, and a decrease in unearned revenue of $2,000. Fill out the Cash Flow Statement below. Note that $XX represents an addition an ($XX) represents a subtraction. A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [Select] ($100,000) $100,000 [Select] Depreciation Expense Gain/Loss on Sale of Assets [Select] Increase in Accounts Payable [Select] Decrease in Unearned Revenue [Select] Decrease in Accounts Receivable [Select ] Increase in Inventory [ Select] Net Increase/Decrease from Operating Activities [ Select ] Fill out the Cash Flow Statement below. Note that $XX represents an addition an ($XX) represents a subtraction. A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [Select ] Depreciation Expense [Select ] $14,000 ($14,000) [ Select] Gain/Loss on Sale of Assets Increase in Accounts Payable [Select] Decrease in Unearned Revenue [Select] Decrease in Accounts Receivable [Select ] Increase in Inventory [Select ] Net Increase/Decrease from Operating Activities [ Select ] ( ) . A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [Select] Depreciation Expense [Select] Gain/Loss on Sale of Assets [ Select] Increase in Accounts Payable [Select] ($7,000) $7,000 [Select] Decrease in Unearned Revenue Decrease in Accounts Receivable [ Select] Increase in Inventory [ Select] Net Increase/Decrease from Operating Activities [ Select ] () . A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [Select] Depreciation Expense [Select ] Gain/Loss on Sale of Assets [ Select] Increase in Accounts Payable [ Select] Decrease in Unearned Revenue [Select] $2,000 ($2,000) [Select] Decrease in Accounts Receivable Increase in Inventory [Select] Net Increase/Decrease from Operating Activities [ Select] A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [ Select] Depreciation Expense [ Select] Gain/Loss on Sale of Assets [Select ] Increase in Accounts Payable [Select] Decrease in Unearned Revenue [ Select] Decrease in Accounts Receivable [Select] ($5,000) $5,000 [ Select ] Increase in Inventory Net Increase/Decrease from Operating Activities [ Select] ($XX) represents a subtraction. A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [ Select] Depreciation Expense [Select ] Gain/Loss on Sale of Assets [Select ] Increase in Accounts Payable [ Select] Decrease in Unearned Revenue [ Select] Decrease in Accounts Receivable [Select ] Increase in Inventory [Select ] ($6,000) $6,000 [ Select Net Increase/Decrease from Operating Activities A Company Cash Flow Statement Cash Flow from Operating Activities Net Income [ Select ] Depreciation Expense [Select ] Gain/Loss on Sale of Assets [Select ] Increase in Accounts Payable [Select ] Decrease in Unearned Revenue [Select] Decrease in Accounts Receivable [ Select] Increase in Inventory [Select ] Net Increase/Decrease from Operating Activities [Select ] $91,000 $89,000 $111,000 $96,000 $119,000 Answer 1
