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The following changes in account balances were taken from Walson Company's adjusted trial balance at the end of 2019: Net Changes for 2019 Debit Credit

The following changes in account balances were taken from Walson Company's adjusted trial balance at the end of 2019:

Net Changes for 2019
Debit Credit
Cash $2,100
Accounts Receivable 8,700
Inventory $2,500
Land 1,900
Buildings and Equipment 10,400
Accumulated Depreciation 6,800
Accounts Payable 4,500
Salaries Payable 800
Income Taxes Payable 1,000
Common Stock, no par 9,000
Retained Earnings 4,000
Sales 69,000
Cost of Goods Sold 34,000
Salaries Expense 17,200
Depreciation Expense 6,800
Income Tax Expense 3,300
Totals $91,000 $91,000

In addition, the following information was obtained from the company's records:

  • Land was sold, at cost, for $1,900.
  • Dividends of $4,000 were declared and paid.
  • Equipment was purchased for $10,400.
  • Common stock was issued for $9,000.
  • Beginning cash balance was $17,000.

Required

Using visual inspection and the direct method, prepare Walson's 2019 statement of cash flows. (A separate schedule reconciling net income to cash provided by operating activities is not necessary.) Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

WALSON COMPANY
Statement of Cash Flows
For Year Ended December 31, 2019
Operating Activities:
Cash Inflows:
$
Cash inflows from operating activities $
Cash Outflows:
$
Cash outflows for operating activities
Net cash provided by operating activities $
Investing Activities:
$
Net cash used for investing activities
Financing Activities:
$
Net cash provided by financing activities
Net increase in cash $
$

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