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Taylor Company has the following data. Prepare a cash flow statement based on the information below, then fill in the following items on the statement:
Taylor Company has the following data. Prepare a cash flow statement based on the information below, then fill in the following items on the statement: (note: if any item is a reduction in cash, enter a minus side in front of the number) Cash from operations $ Cash from investing $ Cash from financing $ Period change in cash flow $ Ending Cash flow balance $ Net Income $80,000 Increase in accounts receivable $5,000 $3,000 Decrease in accounts payable Increase in prepaid expenses $4,000 Increase in unearned revenue $2,000 Beginning cash balance $50,000 Proceeds from sale of investment $30,000 Carrying value of investment on $25,000 Cash from investing $ Cash from financing $ Period change in cash flow $ Ending Cash flow balance $ Net Income $80,000 $5,000 Increase in accounts receivable Decrease in accounts payable Increase in prepaid expenses $3,000 $4,000 Increase in unearned revenue $2,000 Beginning cash balance $50,000 $30,000 $25,000 Proceeds from sale of investment Carrying value of investment on balance sheet Purchase of equipment Sale of common stock $10,000 $60,000 Depreciation expense $7,000
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