PLEASE USE FORMAT SHEET IN SECOND PICTURE!!!!!! USE PICTURE 3 FOR REFERENCE ONLY

Following are the adjusted trial balances for Hinckley Corporation: or Cash Short-term Investments Accounts Receivable Interest Receivable Inventory Investments Land Building Equipment Patents Accum. Depreciation -- Building Accum. Depreciation -- Equip. Accounts Payable Notes Payable (nontrade) Dividends Payable Interest Payable Bonds Payable Common Stock ($2 par) APIC - Common 12/31/20 dr $ 13,000 4,200 87,000 350 114,000 24,500 22,000 187,000 56,700 34,000 45,600 7,800 56,700 30,600 4,500 5,400 100,000 84,000 144,000 64,150 12/31/21 dr cr $ 200 7,800 75,100 610 97,200 56,300 22,000 187,000 167,000 94,000 48,500 10,000 47,000 42,300 -0 8,700 -0 100,000 208,000 242,710 Retained Earnings $ 542,750 $ 542,750 $ 707,210 S 707,210 Information from 2021: - Purchased land for use in 2027 for $28,000. Hinckley picked up cash payments of $2,800 in Dividend Revenue from its long-term equity positions held in Investments in 2021. -Hinckely sold short-term investments with a cost of $3,600 for a loss of $500 and long-term investments with a cost of $12,900 for a gain of $1,100. -The balance in Interest Receivable represents amounts owed to Hinckley due to their ownership of debt investments in their long-term investments Hinckley sold patents costing $13,000 for a loss of $800. - A piece of equipment melted down due to overheating. State Hands Insurance paid the company $15,000 for their loss. The journal entry for the transaction was XX Cash 15,000 Loss on Casualty 4,200 AD - Equipment 4,500 Equipment 23,700 Hinckley declared dividends of $18,700 during 2021. Hinckley recorded the following AJE: 12/31 Amortization Expense 9,600 Patents 9,600 INSTRUCTIONS: Complete the worksheet for Hinckley's statement of cash flows for the year ended December 31, 2021 Hinckley Corporation Cash Flow Worksheel For the Year Ended December 31, 2021 Admone Balance 1231 DEBITS Cash SIT investments AR) Interest Receivable Inventory Investinen Balance 12:31 13.000 2200 AT 000 350 114.000 24500 7.000 75 100 010 97200 15.300 Land 22.000 22.000 Buding Equipment 107.000 50,700 34.000 187000 167 000 54.000 542,750 1707 210 CREDITS NOB AO EN AP Notes Payable forrade) Dividends Payable trerest Payable Band Payable Common Sudan APICES 500 10.000 470 42,300 45.600 7.800 56,700 30,000 4.500 5.400 100 000 M100 10000 04.150 8.700 100.000 204 000 201710 70/210 00 Cash Flows from Operating Actres Infowe/Adde Outlowide The Ex Files Company Cash Flow Worksheet For the Year Ended December 31, 2000 dr 13 DEBITS Cash & cash equivalents Accounts receivable Inventory Land Buildings & equipment Balance 12/31/99 $3,400 V 4,500 V 5,000 V 8,200 V 35,700 V $56,800 Adjustments cr 2,000 3 1.600 4,000 4 Balance 12/31/00 $5,400 800 3,700 6,600 12,200 2,200 48.700 $76,600 10 7 15,200 12 12 2 700 1.900 3,400 5 CREDITS Accum. depreciation Accounts payable Salaries payable Bonds payable, 10% Common stock, $10 par Addn't paid in capital Retained earrings 6 $6,000 V 5,100 V 1,400 V 7,000 V 8,000 V 16,000 V 13,300 v $56.800 8 9 400 8,000 1,000 3,000 8,400 27 200 $8,700 3,200 1,800 15,000 9,000 19,000 19,900 $76,600 11 1,800 27,200 1 1 CASH FLOWS FROM OPERATING ACTIVITIES. Net Income Add: Depreciation expense Decrease in accounts receivable Increase in salaries payable Less: Increase in inventory Decrease in accounts payable Gain on sale of equipment 2 3 6 8,400 3,400 800 400 4 5 12 1.600 1.900 600 CASH FLOWS FROM INVESTING ACTIVITIES: Purchase of equipment Proceeds from sale of equipment 7 15,200 12 2 100 CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from bond issuance Payment of dividends 8 8,000 11 NET INCREASE / DECREASE IN CASH 1.800 23.100 13 23.100 21.100 2.000 23 100 INVESTING & FINANCING ACTIVITIES NOT AFFECTING CASH Issuance of stock for land Acquisition of land with stock 4.000 10 4.000