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P1.5A (LO 3), AP Presented below is selected financial information for Rojo Corporation for December 31, 2022. Determine items included in a statement of cash
P1.5A (LO 3), AP Presented below is selected financial information for Rojo Corporation for December 31, 2022. Determine items included in a statement of cash flows, prepare the statement, and comment. Inventory Cash paid to purchase 25,000 equipment 12,000 Cash paid to suppliers 104,000 Equipment 40,000 Buildings 200,000 Service revenue 100,000 Common stock Cash received from customers 132,000 Cash dividends paid 7,000 Cash received from issuing Cash at beginning of 9,000 common stock period 22,000 Instructions a. Prepare the statement of cash flows for Rojo Corporation. 50,000 Net cash increase $31,000 b. Comment on the adequacy of net cash provided by operating activities to fund the company's investing activities and dividend payments
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