Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. dditional information for the 2021 fiscal year ($ in thousands): 1.
Presented below are the 2021 income statement and comparative balance sheets for Santana Industries. dditional information for the 2021 fiscal year (\$ in thousands): 1. Cash dividends of $2,800 were declared and paid. Equipment costing $7,600 was purchased with cash. 3. Equipment with a book value of $2,300 (cost of $5,100 less accumulated depreciation of $2,800 ) was sold for $2,300. . Depreciation of $3,400 is included in operating expenses. equired: repare Santana Industries' 2021 statement of cash flows, using the indirect method to present cash flows from operating activities. Amounts to be deducted should be indicated with a minus sign. Enter your answers in thousands.) \begin{tabular}{||l|l|l|} \hline \multicolumn{1}{|c|}{ Net cash flows from operating activities } & & \\ \hline Cash flows from investing activities: & & \\ \hline & & \\ \hline & & \\ \hline \multicolumn{1}{|c|}{ Net cash flows from investing activities } & & \\ \hline Cash flows from financing activities: & & \\ \hline & & \\ \hline & & \\ \hline \multicolumn{1}{|c|}{ Net cash flows from financing activities } & & \\ \hline Net increase in cash & & \\ \hline Cash, January 1 & & \\ \hline Cash, December 31 & & \\ \hline \hline \end{tabular}
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started