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Thanks in advance! The following income statement along with additional year end information about changes in noncash current assets and current liabilities are reported SONAD
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The following income statement along with additional year end information about changes in noncash current assets and current liabilities are reported SONAD COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Gross profit Operating expenses Salaries expense $337,157 Depreciation expense 59,064 Rent expense 66,447 Amortization expense-Patents 7,383 Utilities expense 27,071 $2,461,800 1,285,899 1,255, 110 Gain on sale of equipment 497,122 757,988 9,844 767,832 Net income $ Additional Year-End Balance Sheet Data Accounts receivable $29,350 increase Inventory 19,775 increase Accounts payable 14,825 decrease Salaries payable 5,450 decrease Required: Prepare only the cash flows from operating activities section of the statement of cash flows using the indirect method (Amounts deducted should be indicated with a minus sign.) Required: Prepare only the cash flows from operating activities section of the statement deducted should be indicated with a minus sign.) Statement of Cash Flows (partial) Cash flows from operating activities Adjustments to reconcile net income to net cash provided by operating activities Income statement items not affecting cash Changes in current operating assets and liabilities Stormer Company reports the following amounts on its statement of cash flow. Net cash provided by operating activities was $31,500.net cash used in investing activities was $11,400 and net cash used in financing activities was $14,100. If the beginning cash balance is $5700. what is the ending cash balance? Multiple Choice O $62,700. O O $11,700 O $6,000 O O $34.500 Bagrov Corporation had a net decrease in cash of $18,500 for the current year. Net cash used in investing activities was $60,500 and net cash used in financing activities was $46,500. What amount of cash was provided (used) in operating activities? Multiple Choice O $88,500 provided. O $(18,500) used. O $(125,500) used. $125,500 provided. Multiple Choice $88,500 provided $(18,500) used. $(125,500) used. $125.500 provided. $(88.500) used Step by Step Solution
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