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pretty please help! ill thumbs it up if correct Inspired Digital Services, Inc., has provided the following data from the company's records for the year
pretty please help! ill thumbs it up if correct
Inspired Digital Services, Inc., has provided the following data from the company's records for the year just ended December 31 . (Click the icon to view the data) Requirements 1. Prepare the statement of cash flows for Inspired Digital Services, Inc., using the direct method for cash flows from operations. Note that you will need to calculate the ending balance of cash and cash equivalents. Include a. schedule of noncash irvesting and financing activities. 2. Evaluate Inspired's cash flows for the year. Discuss each of the categones of cash flows in your response. a. Collection of interest $5,800 d. Proceeds from sale of long-term investment .$12,400 e. Gain on sale of investment $2,400 g. Cash payments to purchase plant assets .$52,600 h. Depreciation expense $63,100 1. Payment of short-term note payable by issuing common stock . . \$ $2,300 k. Cost of goods sold ,000 I. Proceeds from issuance of long-term note payable $24,300 pd for nts. or for a Data table Ti. Income tax expense and payment 38,900 n. Proceeds from issuance of common stock. 22,000 o. Receipt of cash dividends p. Interest revenue q. Payment of cash dividends r. Collections of accounts receivable 5. Amortization expense 1. Payments on long-term notes payable. 4. Interest expense and payments . v. Purchase of equipment by issuing common stock to seller ...... 517.300 w. Payment of salaries ........................... 5.74.100 11. Yroceeos trom Issuance or common stock .$,000 o. Receipt of cash dividends P. Interest revenue . q. Payment of cash dividends f. Collections of accounts recervable 5. Amortization expense ,5,800 t. Payments on long-term notes payable . . u. Interest expense and payments . Vurchase of equipment by issuing common stock to seller . . ... 517,300 x. Proceeds from sale of plant assets y. Loss on sale of piant assets 2. Cash and cash equivalents balance, beginining of year od for fris. Done or for a Sext Statement of Cash Flows (Direct Method) Investing Activities: Net cash provided by (used for) investing activities Financing Activities: Net cash provided by (used for) financing activities Net increase (decrease) in cash Cash, beginning of the year Cash, end of the year Next Total noneasht irvesting and finaricing activities Requitement 2. Fvaluate Incpired's cash fows for the year. Discuiss each of the categones of cash fiows in your responts. The year was a your from a cashilow stardioit operitions to issue new stock, which mearn the stockhelders The business Furuele Step by Step Solution
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