Print 4. Loralie Corporation uses the indirect method to prepare its statement of cash flows. Data related to cash activities for last year are as follows: (Click the icon to view the data) Answer the following questions: 1. Calculate the net cash flow from operating activities for the year (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero, Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Operating Activities: (2) Net cash provided by (used for) operating activities 2. Calculate the cash flow from (or used for) investing activities for the year. (If a box is not used in the statement, leave the box empty; do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows.) Investing Activities: (5) (6) (7) Nel cash provided by (used for) investing aclivities 3. Calculate the cash flow from or used for) financing activities for the year. If a box is not used in the statement, leave the box empty: do not select a label or enter a zero. Use parentheses or a minus sign for numbers to be subtracted or net cash outflows, Financing Activities: (10) Net cash used by financing activities 4. What was the net change in cash for the year? (Enter the amount as a positive number) The net change in cash for the year was (11) 5. If the beginning balance of cash for the year was $155.000, what was the balance of cash at the end of the year? The balance of cash at the end of the year was 1: Data Table Net income.. ..................$ Dividends paid (cash)..........................$ Depreciation expense... ...$ Net decrease in current assets...................$ 92,500 50,400 13,000 21,400 Issued new long-term notes payable for cash.........S Paid cash for building....... ....S Net decrease in current liabilities..................S Sold long-term investment for cash......................S 51,300 278,000 5,300 450,000 2. Questions 1. What was the net cash flow from operating activities for the year? 2. What was the cash flow from (or used for) investing activilies for the year? 3. What was the cash flow from or used for) financing activities for the year? 4. What was the nel change in cash for the year? 5. If the beginning balance of cash for the year was $155,000, what was the balance of cash at the end of the year? Net income Net income (1) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation Net decrease in current assets O Net decrease in current liabilities (2) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets O Net decrease in current liabilities Net income Net income (3) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation Net decrease in current assets Net decrease in current liabilities (4) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets O Net decrease in current liabilities Net income Net income (5) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets O Net decrease in current liabilities (6) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets O Net decrease in current liabilities Net income Net income (7) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets O Net decrease in current liabilities (8) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets O Net decrease in current liabilities O Net income (9) O O Cash from issuance of note payable O Cash from sale of investment O Cash paid for dividends O Cash used for purchase of building O Depreciation O Net decrease in current assets Net decrease in current liabilities (10) O O Cash from issuance of note payable O Cash from sale of investment Cash paid for dividends O Cash used for purchase of building O Net income O Depreciation O Net decrease in current assets O Net decrease in current liabilities (11) O O an increase O a decrease
