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The comparative balance sheet of Smithson Educational Supply at December? 31, 2016?, reported the? following: Please create entire Statement of Cash Flow for Requirement 1,
The comparative balance sheet of Smithson Educational Supply at December? 31, 2016?, reported the? following:
Please create entire Statement of Cash Flow for Requirement 1, not partial.
Please answer Requirement 2 & 3 as well.
Empty White Boxes must be completed.
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The comparative balance sheet of Smithson Educational Supply at December 31, 2016, reported the following EB (Click the icon to view the comparative balance sheet.) Smithson's transactions during 2016 included the following (Click the icon to view the transactions.) Read the requirements. Requirement 1. Prepare the statement of cash flows of Smithson Educational Supply for the year ended December 31, 2016. Use the indirect method to report cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted. If a box is not used in the statement, leave the box empty; do not select a label or enter a zero.) Complete the statement one section at a time, beginning with the cash flows from operating activities. Smithson Educational Supply Statement of Cash Flows Year Ended December 31, 2016 Cash Flows from Operating Activities: 61,600 Net Income Adjustments to Reconcile Net Income to Net Cash Provided by (Used for) Operating Activities: Depreciation Expense-Plant Assets Decrease in Accounts Receivable Increase in Merchandise Inventory Increase in Accounts Payable Decrease in Accrued Liabilities 16,800 7.600 (4,600) 3,000 (1,000) 21.800 83.400 Net Cash Provided by (Used for) Operating Activities Cash Flows from Investing Activities: Net Cash Provided by (Used for) Investing ActivitiesStep by Step Solution
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