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Sandra's Bridal Shops earned net income of $ 76 comma 000, which included depreciation of $ 14 comma 000. Sandra's acquired a $ 121 comma
Sandra's Bridal Shops earned net income of $ 76 comma 000, which included depreciation of $ 14 comma 000. Sandra's acquired a $ 121 comma 000 building by borrowing $ 121 comma 000 on a long-term note payable. Requirements 1. How much did Sandra's cash balance increase or decrease during the year? 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Question content area bottom Part 1 Requirement 1. How much did Sandra's cash balance increase or decrease during the year? Complete the following table to calculate Sandra's cash balance, and indicate whether this balance represents an increase or a decrease in cash. (Enter a "0" for any item(s) that do not affect cash.) Net income Depreciation Expense Purchase of building with a long-term note in cash Part 2 Requirement 2. Were there any non-cash transactions for the company? If so, show how they would be reported in the statement of cash flows. Were there any non-cash transactions for the company? Part 3 Show how they would be reported in the statement of cash flows
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