solve:

1. Calculate Cash Basis Revenue:
2. Calculate the adjustment for the change in Accounts Receivable on the Indirect Method Operating Section:
3. Calculate the Net Cash Provided by Operating Activities using the Direct Method:
4. Calculate the Net Cash Provided by Operating Activities using the Indirect Method:
5. Calculate the Net Cash Used by Investing Activities:
6. Calculate the Net Cash Used by Financing Activities:
7. Calculate the Net Change in Cash:
8. What is the ending Cash Balance?

AutoSave . Off) Bluthe SCF example BLANK - Saved Gerrick Norton GN X File Home Insert Page Layout Formulas Data Review View Help Search Share Comments AutoSum . LO Calibri - 11 AA ab Wrap Text General Fill AY O Paste BIU - C . A Merge & Center . $ -% " 00 0 Conditional Format as Cell Insert Delete Format Sort & Find & Ideas Formatting Table * Styles Clear Filter * Select Clipboard G Font Alignment Number G Styles Cells Editing Ideas K10 X V fc Cash flows from operating activities: (indirect method) A B C E F M N P STU W X Y Z AA AB AC AD AE 1 Using the following Balance Sheet, Income Statement, and selected financial data prepare a Statement of Cash 2 Flows for Bluthe Enterprises for the year ended December 31, 2019. ISING INDIRECT METHOD FOR OPERATING SECTION USING DIRECT METHOD FOR OPERATING SECTION Bluthe Enterprises Bluthe Enterprises Bluthe Enterprises Comparative Balance Sheet Statement of Cash Flows Statement of Cash Flows December 31, 2019 and 2018 For year ended December 31, 2019 For year ended December 31, 2019 10 2019 2018 125,000 Cash flows from operating activilies: [indirect method) Cash flows from operating activities: [direct method) 11 Cash 56,000 Net Income Cash received from customers: 12 Accounts Receivable 58,000 359,000 Adjustments to reconcile to income to net Less cash paid for: 13 Inventory 115,000 125,600 cash provided by operating activities: nventory 14 Equipment 480,000 425,000 Depreciation expense Operating expenses 15 Accumulated Depreciation [300,500) (259,000) ncrease in accounts receivable Net cash provided by operating activities 16 Total Assets 808,500 775,600 Decrease in inventory 17 Increase in accounts payable Cash flows from investing activities: 18 Accounts Payable 185,000 02,500 Net cash provided by operating activities Purchase of equipment 19 Notes Payable 05,000 80,000 Net cash used by investing activites 20 Common Stock 10,000 10,000 Cash flows from investing activities: 21 Retained Earnings +08,500 83,100 Purchase of equipment Cash flows from financing activities: 22 308,500 775,600 Net cash used by investing activites Principle payments on notes 23 Cash dividends paid 24 Cash flows from financing activities: Net cash used by financing activities: 25 Bluthe Enterprises Principle payments on notes 26 Income Statement Cash dividends pa Net decrease in cash 27 For year ended December 31, 2019 'Jet cash used by financing activities: Cash, January 1, 2019 28 Cash, December 31, 2019 29 1,256,000 Net decrease in cash 30 COGS (568,000] Cash, January 1, 2019 31 Gross Profit 688,000 Cash, December 31, 2019 32 Operating Expenses [402,000) 33 Net Income 286,000 34 35 Selected Financial Data: 37 1. Dividends of $260,600 were paid SCF + D J -- + 60% Type here to search of empoa O X 10:50 PM 4/23/2020