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Please answer this question. Thank you! Module 11 Cash Flow Handout Classify each of the following transactions and determine the effect on cash by placing

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Module 11 Cash Flow Handout Classify each of the following transactions and determine the effect on cash by placing an Xin the appropriate columns Cash Effect Operating Classification Investing Financing Activity Activity Noncash Transaction Activity Increase Decrease No Effect Transaction 1. Famed net income 2 Paid cash dividend 3. Issued stock for cash 4. Paid accounts payable 5. Collected accounts receivable 6. Purchased machinery for cash 7. Paid interest bonds 8. Received cash dividend 9. Converted bonds to 10. Sold equipment for cash 11. Received interest from CD 12. Issued stock for equipment 13. Paid income taxes 14. Purchased treasury stock 15. Sold inventory for cash 2 of 2 2 2 Prepare a projected cash flow Statement for 2021 based on the following Income Statement Year ended December 31 (in millions) Sales Cost of goods sold Gross profit Actual Projected 2020 2021 $160.0 S396.0 76.0 180.0 S 84.0 $216.0 26.0 6.0 S 32.0 60.0 10.0 $ 70,0 Selling and administrative expense Depreciation expense Operating expenses Interest expense Pretax income Income tax expense Net income $ 8.0 $ 10,0 44.0 140 S 30.0 136.0 50.0 S 86,0 Balance Sheet As of December 31 in millions) Cash Accounts receivable Inventory Property, plant, and equipment Accumulated depreciation Total assets Actual Projected 2020 2021 $ 48.0 $ 52.0 34.0 48,0 200.0 300.0 200.0 250.0 (60.0 (70.0) S422.0 $580.0 Accounts payable Long-term debt Common stock Retained earnings Total liabilities and equity S182.0 40.0 160.0 40.0 $422.0 $202.0 80.0 180.0 118.0 $580.0

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