QS 12-12 compute cash from asset sales QS 12-13 compute financing cash outflows QS 12-14B computing cash received from customers QS 12-15B Conpute operating cash outflows

CRUZ, INC. Indirect: Computing cash from operations P2 December 31, 2017 2016 Assets 51,000 Accounts recenable. net Prepaid expenses Total current assets Furnitire Accum, depreciation- Furniture Total assets 5,4004200 227,000 175,000 109,000 19,000 170009,000 319,000 $285,000 CRUZ, INC Iscome Statement For Year Ended December 31. 2017 Liabilities and Equity Accounts paryable Wages payable Income taees payeble Total curret iablites Notes paydble [long-tem otal lisblities Equity Common shock, 55 par value Retained earnings Total lisblities and equity $ 15,000 21,00 Saies Cost of goods soid Gross proft Operating expenses $438,000 314000 74,000 1.400 25,400 28 29000 9 54,400 Deprecistion experse $33,600 Other expenses Income betore txes ncome taxies expense Net income 89,100126.700 47,100 17.300 $ 30,000 229,000 1790 35.600 Required Use the indir statement of cash flows for this company rect method to prepare the cash provided or used from operating activities section only of the OS 12-12 Computing cash tronm Refer to the data in QS 12-11 Furniture costing $55,000 is sold at its book value in 201 on which no depreciation is necessary hecause it is acquired at year-end What is the cush inf to the sale of furniture? 7. Acquisitions of furniture total $45,000 cash. P3 OS 12-13 Computing financing cash outflows P3 Refer to the data in QS 12-11 1. Assume that all common stock is issued for cash. What amount of cash dividends is paid during 201 2. Assume that no additional notes payable are issued in 2017. What cash amount is paid to reduce the OS 12-14 Direct: Computing cash recehved from customers 2. What is the net increase or decrease in cash for year 2017 PS notes payable balance in 2017? Refer to the data in QS 12-11 1. How much cash is received from sales to customers for year 2017? OS 12-15 Direct: Compuing operating Refer to the data in QS 12-11 1. How much cash is paid to acquire inventory during year 2017? 2. How much cash is paid for "other expenses" during year 2017? (Hin: Examine prepaid expese cash outfows P5 wages payable.)