TASK VI

CASH FLOW STATEMENT (08 POINTS)

In order to prepare the Statement of Cash Flows for Egnab Corporation for 2019, the accountant has compiled the following data regarding cash flows:

Cash paid to acquiremarketablesecurities............................. $380,000

Proceeds from sale ofmarketablesecurities............................. $17,500

Proceeds from issuance ofcapitalstock................................... $250,000

Proceeds from issuance ofbondspayable................................. $55,000

Payments to settleshort-termdebt.............................................. $32,500

Interest anddividendsreceived.................................................... $10,000

Dividendspaid.............................................................................. $130,000

Cash paid to suppliersandemployees.................................. $1,030,000

Interestpaid.................................................................................... $25,000

Incometaxespaid.......................................................................... $70,000

Cash and cash equivalents, January1,2019............................. $43,000

Cash and cash equivalents, December31,2019...................... $63,000

INSTRUCTION:(SHOW YOUR CALCULATIONS AND ROUND TO 2 DECIMAL PLACES)

Using the above information, classifythe transactions and then answer the following questions in the space provided.

1. Egnabs Cash Flow from investing activities during 2019is:

2. Egnabs Cash Flow from financing activities during 2019is:

3. Egnabs Cash Flow from operating activities during 2019is:

4. Inthe2019statementofCashFlowsforEgnabCorporation,theamountofcash received from customersis: