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Pr. 5-127-Statement of cash flows preparation. Selected financial statement information and additional data presented below. Prepare a statement of cash flows for the year ending
Pr. 5-127-Statement of cash flows preparation. Selected financial statement information and additional data presented below. Prepare a statement of cash flows for the year ending December 31, for Stanislaus Co. is 2016 December 31 2016 2015 Land Equipment. 63,80o 21,000 504,000 .173,000 84,00o 32,00O 789,600 201,600 151,200 63.000 Cash TOTAL 420,000 67,200 ng-term... 168,000 Notes payable - Short-term (trade).. 67,200 Accounts payable....50,400 84,000 487,200 205,800 302,400 29,400 86,000 115.600 Retained earnings. Accumulated depreciation.. TOTAL e856.8001,226.400 Additional data for 2016: 1. Net income was 215,200. 2. Depreciation was 31,60o. 3. Land was sold at its original cost. 4. Dividends of 76,600 were paid. 5. Equipment was purchased for 84,000 cash. 6. A long-term note for 201,600 was used to pay for an equipment purchase. 7. Ordinary shares were issued to pay a 67,20o long-term note payable
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