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please give me explanation Problem 1. Statement of Cash Flows (12 points). A comparative balance sheet for Talkinen Corporation is presented below (in $ thousands).
please give me explanation Problem 1. Statement of Cash Flows (12 points). A comparative balance sheet for Talkinen Corporation is presented below (in $ thousands). December 31 Assets 2020 2019 Cashe $ 684 $ 224 Accounts receivable 82 664 Inventory 170 1894 Lande 71 1101 Equipment 280 2004 Accumulated depreciation-equipment (74) (42) Totale $597 $5454 Liabilities and Stockholders' Equity I Accounts payable- Bonds payable Common stock ($1 par) Retained earnings Totale $ 34 150 164 249 $597 $ 474 200 164 134 $5454 1. Net Income for 2020 was $155; there were no gains or losses 2. Cash dividends of $40 were declared and paid. 3. Bonds payable of $50 were retired. Required: Using the above information, determine the Cash Flow from Operating Activities, Cash Flow from Investing Activities, and Cash Flow from Financing Activities. Place your answers in the space below. Show your work in the T-accounts on the next page for partial credit. A Cash Flow from Operating Activities: $177,000 ($41,000) B. Cash Flow from Investing Activities ($90,000) C. Cash Flow from Financing Activities: Cash 22 Operating NI 155 16A/R Depr 32 13 A/P Inv 19 Accounts Receivable 66 16 82 Inventory 189 19 170 Investing Land 39 80 Equip Land 110 39 71 Equipment 200 80 280 Financing 40 Divs 50 Bonds ret 68 Accumulated Depreciation 42 32 74 Accounts Payable 47 13 34 Common Stock 164 Bonds Payable 200 50 150 Retained Earnings 134 Divs 40 155 NI 249 164
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