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Question 1 (of 5 Save &Subnit 2.00 points Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here
Question 1 (of 5 Save &Subnit 2.00 points Avalos Corporation is preparing its annual financial statements at December 31 of the current year. Listed here are the items on its statement of cash fows presented in alphabetical order. Parentheses indicate that a listed amount should be subtracted on the cash flow statement. The beginning balance in cash was $25,000 and the ending balance was $50,700. Cash borrawed on three-year note Decrease in acoounts payable Decrease In Inventory Increase in accounts receivable Land purchhased Net income New dellvery truck purchased for cash Stock Issued for cash $ 26,000 (5,800) 1,600 (9,000) (35,000) 27,000 8,000) 29,000 Required: Prepare the current year statement of cash flows for Avalos Corporation. (Cash outflows should be indicated with negative amounts.) AVALOS CORPORATION Statement of Cash Flows From operating activities From investing activities
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