Question
The following information is provided for the Solitude Corporation. Balance Sheets December 31, 20XX December 31, 20XW Assets Cash $77,490 $29,520 Accounts receivable 59,040 66,420
The following information is provided for the Solitude Corporation. Balance Sheets December 31, 20XX December 31, 20XW Assets Cash $77,490 $29,520 Accounts receivable 59,040 66,420 Inventory 154,980 132,840 Equipment 136,530 110,700 Less: Accumulated amortization 33,210 22,140 Net equipment 103,320 88,560 Total assets $394,830 $317,340 Liabilities and Equity Accounts payable $62,730 $36,900 Taxes payable 7,380 14,760 Common stock 243,540 221,400 Retained earnings 81,180 44,280 Total liabilities and equity $394,830 $317,340 During 20XX, the following occurred: Net income was $73,800. Equipment was purchased for cash, and no equipment was sold. Shares were sold for cash. Dividends were declared and paid. a. Prepare a statement of cash flows for the Solitude Corporation. (Amounts to be deducted should be indicated with a minus sign. Omit $ sign in your response.) Solitude Corporation Statement of Cash Flows For the Year Ended December 31, 20XX Operating Activities: (Click to select) $ Add items not requiring an outlay of cash: (Click to select) Cash flow from operations Changes in non-cash working capital: (Click to select) (Click to select) (Click to select) (Click to select) Net Change in non-cash working capital Cash (Click to select) operating activities Investing activities: (Click to select) Cash (Click to select) investing activities Financing activities: (Click to select) (Click to select) Cash (Click to select) financing activities (Click to select) Cash, beginning of year Cash, end of year $?
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