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On January 1, 2014, Palmetto, a fast-food company, had a balance in its Cash account of $35,300. During the 2014 accounting period, the company had
On January 1, 2014, Palmetto, a fast-food company, had a balance in its Cash account of $35,300. During the 2014 accounting period, the company had (1) net cash inflow from operating activities of $18,600, (2) net cash outflow for investing activities of $26,000, and (3) net cash outflow from financing activities of $7,500. Required a. Prepare a statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.) PALMETTO COMPANY Statement of Cash Flows For the Year Ended December 31, 2014 Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Ending cash balance $ 0
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