The Accountant for the Everton Sporting Goods Company has assembled the following information with respect to its operating, financing, and investing activities for the year 2002.

Decrease in Accounts Payable $26,200

Decrease in inventories 14,600

Increase in accounts receivable 10,000

Decrease in prepaid expenses 6,000

Purchase equipment for cash 20,000

Issued common stock for cash 45,000

Depreciation and depletion 12,000

Loss on sale of equipment 8,500

Net Income 42,700

Issuance of bonds 30,000

Amortization of premium on bonds payable 3,200

Gain on sale of machinery 1,900

Amortization of patent 2,400

Declared a 1% stock dividend 10,600

Prepare a schedule to compute cash flow from operations, financing, and investing activities

Solution:

CASH FLOWS FROM OPERATING ACTIVITIES:

CASH FLOWS FROM INVESTING ACTIVITIES:

CASH FLOWS FROM FINANCING ACTIVITIES: