Question
The following informations relates to Bocca, Inc. for 2019. 1. Cash balance 1-1-20 19,000 2. Cash balance 12-31-20 61,000 3. Increase in Accounts Receivable 16,000
The following informations relates to Bocca, Inc. for 2019. | ||
1. Cash balance 1-1-20 | 19,000 | |
2. Cash balance 12-31-20 | 61,000 | |
3. Increase in Accounts Receivable | 16,000 | |
4. Decrease in Inventory | 4,000 | |
5. Net income for 2020 | 125,000 | |
6. Sale of land | 28,000 | |
7. Purchase of equipment | 59,000 | |
8. Depreciation expense was $27,000 | 20,000 | |
9. No gains or losses were recorded in 2020 | ||
10. Cash dividends declared and paid | 60,000 | |
11. Decrease in accounts payable | 5,000 | |
12. Bonds payable retired (paid) | 50,000 | |
13. Common stock issued | 55,000 | |
In the space below, prepare a Statement of Cash Flows for December 31, 2019: |
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