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please answer these questions! thank you! The 2021 financial statements of Cambuild Inc. are presented below (want measure in thousand 2021 sumard) 2020 Cash 20
please answer these questions! thank you!
The 2021 financial statements of Cambuild Inc. are presented below (want measure in thousand 2021 sumard) 2020 Cash 20 50 18 120 167 187 Accounts receive all enot) Inventory Equipment Accumulated depreciation - erupment Total assets 180 195 (140) (170) 916 382 70 68 24 107 107 Accounts payable Dividends gayable Long-term loon payable Common shares retained earnings Total liablities and Shareholders erity llo llo loo 7 3 416 392 sales revenues 1245 Costs of goods sold (655) Depreciation expenses 08) other operating experses (24) net income 168 during fiscal year 2021, Cambuild solda piece of its equipment. The equipment sold had orginally cost $153,000. Required: 1. Prepare Operating activity section of the statement of cash flows, using the indirect method, clearly labelling each cash flow item and ignoring the heading (3 points). 2. Determine the amount of cash paid to purchase the new equipment, Clearly show calculations for numbers that are not given (2 points). 3. Determine the amount of cash received from the sale of the equipment, Clearly show calculations for numbers that are not given (3 points). 4. Determine the amount of dividends paid. Clearly show calculations for numbers that are not given (3 points) 5. Determine the amount of cash collected from customers. Clearly show calculations for numbers that are not given (2 points). 6. Determine the amount of cash paid to suppliers. Clearly show calculations for numbers that are not given (3 points)Step by Step Solution
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