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Question 46 6 pts The Kringle Delivery Company, Inc. has the following financial information available for the year ended 12/31/2019. Net Income Accounts Receivable $65.000
Question 46 6 pts The Kringle Delivery Company, Inc. has the following financial information available for the year ended 12/31/2019. Net Income Accounts Receivable $65.000 $25,000 decrease $20,000 increase $208,500 $18,600 increase Merchandise Inventory Cash Balance at January 1, 2019 Accounts Payable Property, Plant and Equipment (PP & E) had the following Transactions: Annual Depreciation Expense Cash Purchase of New Packaging Equipment Other Items involving PP&E: Cost of old delivery Sleigh (purchased 4 years ago) Accumulated Depreciation on Sleigh through date of sale Proceeds from sale of old Sleigh (cash sale) Issuance of Common Stock proceeds used for general corporate purposes S26,500 S28.900 S60,000 $42.000 $22.500 $250.000 Prepare a Statement of Cash Flows (Indirect method), putting each item in the appropriate section. You can copy and past the pre-printed template below into your answer section, or create your own table. You may not need to use cach pre-printed space (you may have blanks in some cases). A hint or two is provided in that some of the line items are pre-printed. (6 points) MacBook Pro Prepare a statement of Cash Flows (Indirect method, putting each item in the appropriate section. You can copy and past the preprinted template below into your answer section, or create your own table. You may not need to use coch pre-printed pace you may have hanks in some cases) A his or two is provided in that some of the line items are pre-printed. (points) OPERATING SECTION Amount Net Income 565.000 Net Cush from (used by) Operations INVESTING SECTION Proceeds from sale of old Sleigh (cash sale) $22.500 Net Cash from/used by) Investing 5 MacBook Pro SC % 5 & 7 1 2 3 4 6 8 W E R U S D F Net Cash from/(used by) Operations INVESTING SECTION Proceeds from sale or old Sleigh (cash sale) $22,500 Net Cash from/used by) Investing S FINANCING SECTION: Issuance of Common Stock proceeds used for general corporate purposes $250,000 Net Cash from/(used by) Financing S TOTAL NET EFFECT ON CASH $
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