The following is a list of items for Witts Company's 2019 statement of cash flows: receipt from sale of equipment, $2,800 increase in inventory, $3,800 net income, $13,400 payment for purchase of building, $30,000 depreciation expense, $8,800 receipt from issuance of bonds, $8,100 increase in prepaid expenses, $700 loss on sale of equipment, $2,100 payment of dividends, $5,300 decrease in accounts receivable, $1,800 issuance of common stock for land, $7,000 decrease in accounts payable, $1,400 beginning cash balance, $10,100 Required

a.Prepare the statement of cash flows. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

b.Witts Company would report net cash provided by operating activities of $25,500.2. Next Level If Witts Company uses IFRS, and chooses to show dividends as an operating activity, which of the following will result?

1. Witts Company would report net cash provided by operating activities of $14,900.
2. Witts Company would report net cash provided by financing activities of $2,800.
3. Witts Company would report net cash used by financing activities of $13,400.

: