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P lease solve for the missing values in the statement of cash flows, thank you. Please show all steps to get to the answers, that
Please solve for the missing values in the statement of cash flows, thank you. Please show all steps to get to the answers, that will be the most helpful part.
PRIMAVERA CORPORATION Statement of Cash Flows Year Ended December 31, 2015 Operating activities $75,000 Adjustments to reconcile net income to net cash provided by operating activities: Increase in accounts receivable.. Increase in prepaid expenses Increase in accounts payable. 4,000 Net cash provided by operating activities......... Investing activities (5,000) Purchase of property, plant, and equipment Net cash used by investing activities.............. . . Financing activities Reacquisition of common shares Net cash used by financing activities................... 16,000 18,000 Cash, January Additional information: 1. New property, plant, and equipment costing $33,000 was purchased for cash in 2015. 2. Old property, plant, and equipment costing $9,000 was scrapped when the carrying amount 3. 4. was $4,000. A cash dividend of $10,000 was declared and paid during the year. Accounts payable pertain to merchandise purchases. Instructions 1. Solve for the missing amounts (note the letter O is not used). Place your answers in the table supplied for you on the next page. (20 marks) Part D (22 marks Condensed financial data of Primavera Corporation appear below. The company uses the indirect method to prepare the operating activities section of its statement of cash flows PRIMAVERA CORPORATION Comparative Statements of Financial Position December 31 ssets 2015 2014 $ 18,000 32,000 70,000 2,500 224,000 (50,000) 10,000 200,000 40,000 Liabilities and Shareholders' Equity $ 34,000 12,000 100,000 75,000 130,000 50,000 136,000 Common shares.... PRIMAVERA CORPORATION Income Statement Year Ended December 31, 2015 Sales... Expenses $500,000 Cost of goods sold Operating expenses (excluding depreciation). .. $290,000 9,000 4.000 408.000 92,000 17,000Step by Step Solution
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