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please try answering the questions in 1. 2. 3. etc format thank you Statement of Cash Flows: [5542] Prepare proper numerical items that will appear
please try answering the questions in 1. 2. 3. etc format thank you
Statement of Cash Flows: [5542] Prepare proper numerical items that will appear in Andrew Company's Statement of Cash Flows for the year ended Dec. 31, Year 2. Andrew's balance sheets at Dec. 31, Year 1 and Year 2, respectively. Andrew Company Balance Sheet December 31, Years 1 and 2 Year 1 Year 2 Assets: Cash $820 $1,250 Accounts Receivable 1,410 890 Supplies Inventory 340 410 Property, Plant & Equip. 2,140 2,320 (Acc. Depr.) (850) (950) Investments 290 370 4,150 $4,290 Liabilities & Owners' Equity: Accounts Payable $280 330 Rent Payable 430 300 Salaries Payable 350 240 Dividends Payable 95 40 Notes Payable 190 510 Contributed Capital 1,820 1,900 Retained Earnings 985 970 $4,150 $4,290 Andrew had this income statement for the year ended December 31, Year 2: Andrew Company Income Statement For the Year Ending December 31, Year 2 Sales Revenues $1,340 Gain on Sale of Investment 390 $1,730 Expenses and Loss: Salaries 830 Rent 420 Supplies 90 Interest 20 Depreciation 110 Taxes 40 Loss on Sale of PPE 90 1,600 Net Income $130 [Continued on the next page] Statement of Cash Flows (continued): [5542] Additional Information: 1. The firm sold Investments for $720. 2. The firm paid $70 cash when buying Equipment costing $340. The remainder was financed with a Note Payable. 3. The firm sold PPE for $90 less than its carrying value on the date of sale. 4. Accounts Payable are related to Supplies. What is the total of Cash Provided by Operations in Year 2? The answer will detail the components using the indirect method. What is the total of Cash Provided by Investing Activities in Year 2? What is the total of Cash Used in Financing Activities in Year 2? What is the total of Cash received from customers in Year 2 when using the direct method? What is the total of Cash paid for salaries in Year 2 when using the direct method? What is the total of Cash to Suppliers in Year 2 when using the direct method
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