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Please complete a cash flow using the direct method The body of the cash flow balances The cash flow from operations in the body and
Please complete a cash flow using the direct method
The body of the cash flow balances The cash flow from operations in the body and the reconciliation balance The proper classification of each item in the balance sheet and income statement The proper items in the reconciliation Calculation of the purchase of fixed assets A B D E F G H I J K L Cash Cash Received Paid Interest Interest Received Paid Inc Tax Financing Investing Depreciation Paid 2020 4,043 3,093 8,211 9,797 34 210 8,730 144,131 94,722 132,446 115,137 140,525 2021 4,505 4,660 10,379 13,108 51 381 10,170 149,744 103,267 180,027 83,154 116,238 1 Balance Sheet 2 Cash Flow 4 3 December 31, 2021 , 4 5 Cash 6 Accounts receivable 7 Inventory 8 Investments 9 Interest receivable 10 Prepaid expenses 11 Land 12 Buildings 13 Equipment 14 Accumulated derpreciation 15 Net fixed assets 16 Total assets 17 18 Accounts payable 19 Accrued expenses 20 Interest payable 21 Line of credit 22 Notes payable 23 Total liabilities 24 Common stock 25 Additional paid in capital 26 Retained earnings 27 Total shareholders' equity 28 Total liabilities and shareholders' equity 29 30 Income Statement 31 Cash Flow 4 32 For the Year Ended December 31, 2021 , 33 34 Sales 35 Cost of goods sold 36 Gross profit 37 Selling expenses 38 Administrative expenses 39 Depreciation 40 Interest revenue 41 Interest expense 42 Net income before tax 43 Income tax benefit 44 Net income 45 46 47 Proceeds from the sale of fixed assets 15,683 2,122 663 14,695 75,798 108,961 485 6,003 25,076 31,564 140,525 19,490 3,515 471 23,294 79,810 126,580 678 7,446 (18,466) (10,342) 116,238 403,891 339,173 64,718 25,692 14,429 52,616 (1,066) 4,239 (31,192) (8,740) (22,452) 26,300 Sheet1 + + The body of the cash flow balances The cash flow from operations in the body and the reconciliation balance The proper classification of each item in the balance sheet and income statement The proper items in the reconciliation Calculation of the purchase of fixed assets A B D E F G H I J K L Cash Cash Received Paid Interest Interest Received Paid Inc Tax Financing Investing Depreciation Paid 2020 4,043 3,093 8,211 9,797 34 210 8,730 144,131 94,722 132,446 115,137 140,525 2021 4,505 4,660 10,379 13,108 51 381 10,170 149,744 103,267 180,027 83,154 116,238 1 Balance Sheet 2 Cash Flow 4 3 December 31, 2021 , 4 5 Cash 6 Accounts receivable 7 Inventory 8 Investments 9 Interest receivable 10 Prepaid expenses 11 Land 12 Buildings 13 Equipment 14 Accumulated derpreciation 15 Net fixed assets 16 Total assets 17 18 Accounts payable 19 Accrued expenses 20 Interest payable 21 Line of credit 22 Notes payable 23 Total liabilities 24 Common stock 25 Additional paid in capital 26 Retained earnings 27 Total shareholders' equity 28 Total liabilities and shareholders' equity 29 30 Income Statement 31 Cash Flow 4 32 For the Year Ended December 31, 2021 , 33 34 Sales 35 Cost of goods sold 36 Gross profit 37 Selling expenses 38 Administrative expenses 39 Depreciation 40 Interest revenue 41 Interest expense 42 Net income before tax 43 Income tax benefit 44 Net income 45 46 47 Proceeds from the sale of fixed assets 15,683 2,122 663 14,695 75,798 108,961 485 6,003 25,076 31,564 140,525 19,490 3,515 471 23,294 79,810 126,580 678 7,446 (18,466) (10,342) 116,238 403,891 339,173 64,718 25,692 14,429 52,616 (1,066) 4,239 (31,192) (8,740) (22,452) 26,300 Sheet1 + +Step by Step Solution
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