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18 of 22 prepare a statement of cash flows for Abrahams Manufacturing Company for th (Working with a statement of cash flows) Given the balance sheet, and income statement Additional Information 1. The only entry in the accumulated depreciation account is for 2018 depreciation 2. The firm paid $18.992 in common stock dividends during 2018 Depreciation Increase in accounts receivable Decrease in inventory Increase in account payable Decrease in accrued liabilities Net cash provided by operating activities $ Complete the investing activities part of the statement of cash flows: (Round to the nearest dolar. Note Input cash leflows as positive values and cash outflows as negative values.) Statement of Cash Flows (Cont'd) Cash Flows from Investing Activities Increase in gross plant and equipment Net cash used in investing activities Complete the financing activities part of the statement of cash flows (Round to the nearest dollar NOTE Input cash intows as positive values and cash outlaws as negative values Statement of Cash Flows (Contd) Cash Flows from Financing Activities Decrease in mortgage payablo Increase in proferred stock Dividends Net cash provided by financing activities $ $ Not increase in cash Cash February 1, 2018 Cash January 31, 2018 Enter any number in the edit helds and then continue to the next question (Working with a statement of cash flows) Given the balance sheet and income statement propare a statement of cash flows for Abrahams Manufacturing Company for the yea Additional Information 1. The only entry in the accumulated depreciation account is for 2018 depreciation 2. The firm paid $18.992 in common stock dividends during 2018 Complete the operating activities part of the statement of cash flows (Round to the nearest dollat Nore Input canh Infos as positive values and cash outflows as negative values Statement of Cash Flows Cash Flows from Operating Activities Net income Adjustments Depreciation Increase in accounts receivable Decrease in inventory Increase in account payable Decrease in accrued liabilis Net cash provided by operating activities Complete the investing activities part of the statement of cash flows (Round to the nearest dollar NOTE Input cash Infows au penitive vakant and cash outfiown as negative values Statement of Cash Flows (Cont'd) Cash Flows from Investing Activities Increase in gross plant and equipment $ Net cash used in investing activities Complete the financing activities part of the statement of cash Hows (Round to the nearest dollar NOTE Input cash inflow as positive values and cash outflows as negative values Statement of Cash Flows (Conrd) Cash Flows from Financing Activities Data Table Abrahams Manufacturing Company Income Statement for the Year Ended 1/31/2018 2018 $ Sales 187,000 56,000 $ 131,000 Cost of goods sold Gross profit Selling, general and administrative expenses 46,000 28.000 Depreciation expense Operating income $ 57 000 2,600 Interest expense Earnings before taxes Taxes $ 54,400 17.408 15,000 Preferred stock dividends 21,992 Earnings available to common stockholders Print Done Data Table Abrahams Manufacturing Company Balance Sheet for 1/31/2017 and 1/31/2018 2017 2018 Cash $ $ 108.000 68.600 Accounts receivable Inventory 89,000 64,000 112,000 10.000 109,400 10,000 Prepaid expenses Total current assets Gross plant and equipment Accumulated depreciation S 275.000 238,000 (40,000) $ 296,000 307,000 (68,000) $ 473.000 $ 535,000 Total assets Accounts payable 5 $ 85.000 68,000 90.000 63,000 Accrued liabilities $ 153,000 Total current debt $ 153,000 70,000 0 0 Mortgage payable Preferred stock 129,000 205,000 48,000 205,000 45,000 Common stock Retained earnings $ 473,000 $ 535,000 Total debt and equity Print Done