ng activities: 6. Carlos Ramirez is the manager of Tres Amigos Mexican Cantina. Carlos has just finalized his year-end income state- ment using the USAR, which showed his operation achieved a net income of $75,000 for the year. Carlos is now preparing his year-end SCE. The following entries have yet to be made on his SCE. Depreciation for the year $50,000 Equipment purchases for the year $21.000 Dividends paid to stockholders for the year $30,000 Make the appropriate entries, and complete the statement of cash flows for the Tres Amigos Mexican Cantina Then answer the questions that follow: Tres Amigos Mexican Cantina Year-end Statement of Cash Flows NET CASH FLOW FROM OPERATING ACTIVITIES Net Income $75,000 Adjustments Made to Reconcile Net Income to Net Cash Flows from Operating Activities Depreciation Gain on Sale of Investments -10.000 Decrease in Accounts Receivable 4,000 Increase in Inventory -2,000 Increase in Accounts Payable 1,500 Increase in Accrued Payroll 500 Decrease in Income Taxes Payable - 1,000 $48.000 NET CASH FLOW FROM OPERATING ACTIVITIES $118.000 INVESTING ACTIVITIES Sale of investments Purchase of Investments Purchase of Equipment 5,000 -15,000 NET CASH FLOW USED IN INVESTING ACTIVITIES $(31.000) (continued) 192 Chapter 5 The Statement of Cash Flows (Continued FINANCING ACTIVITIES Payment of long-term debt Dividends paid to stockholders -26,000 NET CASH FLOW USED IN FINANCING ACTIVITIES Net change /-) in cash during the year Cash at the beginning of the year Cash at the end of the year 14.000 a. What is the amount of the operation's net change in cash during the year? b. What is the total amount of the operation's cash account at the end of the year