Q$2.$ Prepare a Statement of Cash Flow

Extra credit question:

If the Investments were sold for $$65,000$ cash. How will that affect the SCF$?$ Which numbers on the BS and IS will change?

a$.$ The Investments were sold for $$95,000$ cash.

b$.$ Equipment and land were purchased for cash.

c$.$ There were no disposals of equipment during the year.

d$.$ The stock was issued for cash.

e$.$ Retained earnings was debited for $$50,000$ for dividends declared.

f$.$ There was a $$38,300$ credit to retained earnings for net Income.

Match with cash changes in BS$?$