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Please help! Your time and help is appreciated Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 21-8] The comparative bolance sheets for 2021
Please help! Your time and help is appreciated
Problem 21-4 (Algo) Statement of cash flows; direct method [LO21-3, 21-8] The comparative bolance sheets for 2021 and 2020 and the statement of income for 2021 are given below for Dux Compony. Additional information from Dux's sccounting recoeds is provided also Additional information frow the eccounting records: a. A buiding that originally cost $68.000, and which wos thee fourths copreciated; was sold for $15,000 b. The common stock of eyrd Corporation was purchased for $4,000 as o long-term investment. c. Property was acquired by issuing a 15%, seven year, $10.000 note poysble to the scller d. New equipment was purchased for $30.000 cash. e. On January 1, 2021 bonds were sold at their $30,000 face value. t. On January 19, Dux issued a 5% stock dividend (1.000 stares) The market price of the $10 par value common stock was $14 per share of that time. 9. Cash dividends of $13,000 were paid to stareholders. h. On November 12,1,000 shares of common stock were repurchosed as troosury stock at a cost of $10.000. Required: Prepore the stotement of cash fows of Dux Company for the year ended December 3t. 2021. Present cash flows from operating Activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (.e.-., 10,000 should be entered as 10]. Amounts to be deducted should be indicated with a minus sign.) Required: Prepare the statement of cash flows of Dux Company for the year ended Decembet 31, 2021 Present cash flows from operating activities by the direct method. (Do not round your intermediate calculations. Enter your answers in thousands (Le., 10,000 should be entered as 10 ). Amounts to be deducted should be indicated with a minus sign.) Step by Step Solution
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