Save Score: 0 of 1 pt 3 of 7 11 completel Hw Score: 1429%, 1 of 7 pts E13-14A (similar to) Question Help Compute the tollowing cash fows for Rapid Scans Company for the past year, assuming the company uses the direct method Cick the con to view the cash fows.) 560,000. No dividends payable were on the balance sheet. How much was ped e 1. The beginsing balance of Retained Eamings was $135,000, wle the end of the year balance of Retained Eamings was $173,000 Net income for the year ws cash dividends during the year? Cash dividends paid during the year total r the past year, assuming the company uses the direct method: while the end of the year balance of Retained Earmings was $173,000 Net income for the year was $60,000. No dividends p More Info 1. The beginning balance of Retained Eamings was $135,000, while the end of the year balance of Retained Eamings was $173,000. Net income for the year was $60,000. No dividends payable were on the balance sheet. How much was paid in cash dividends during the year? 2. The beginning and ending balances of the Common Stock account were $218,000 and $275,000, 3. The beginning and ending balances of the Treasury Stock account were $53,000 and $76,000, respectively. 4. The Property, Plant, & Equipment (net) increased by $8,000 during the year to have a balance of $146,000 at respectively. Where would the increase in Common Stock appear on the statement of cash flows? Where would the increase in Treasury Stock appear on the statement of cash flows? the end of the year. Depreciation for the year was $17,000. Acquisitions of new plant assets paid for with cash during the year totaled $42,000. Plant assets were sold at a loss of $2,000. a. What were the cash proceeds from the sale of plant assets? b. What amount would be reported on the investing section of the statement of cash flows? Would it be a source of cash or a use of cash? c. What amount, if any, would be reported on the operating section of the statement of cash flows? (Assume the company uses the direct method.) Print Done heck Answer Clear All