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PLEASE HELP Assume that the net cash inflow from financing activities of 57,100 was caused by three events. Based on the information a minus sign.)
PLEASE HELP
Assume that the net cash inflow from financing activities of 57,100 was caused by three events. Based on the information a minus sign.) Prepare a statement of cash flows for the vear ended December 31 Year Prepare a balance sheet as of December 31 , Year 2. As of January 1, Year 2, Room Designs, Inc, had a balance of $4,300 in Cash, $2,400 in Common Stock, and $1,900 in Retained Earnings, These were the only accounts with balances in the ledger on January 1, Year 2 . Further analysis of the company's cach account findicated that during the Year 2 accounting perlod, the company had (1) net cash inflow from operating activities of $5,000,(2) net cash outlow for investing activities of $14,200, and (3) net cash inflow from financing activities of $7,100. All revenue and expense events were cash events. The following eccounts and balances represent the general ledger of Room Designs, Inc. as of December 31 . Year 2, before closing Complete this question by entering your answers in the tabs below. Prepare a statement of changes in stockholders' equity for the year ended December 31, Year 2. Complete this question by entering your answers in the tabs below. What did the company purchase that resulted in the casth outflow from investing activities? Prepare an income statement for the year ended December 31 , Year 2 Step by Step Solution
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