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The following is a list of items to be included in the year end statement of cash flows for the Woods Company: Beginning cash balance
The following is a list of items to be included in the year end statement of cash flows for the Woods Company:
- Beginning cash balance of $90,000
- Decrease in accounts payable of $4,000
- Increase in accounts receivable of $3,000
- Payment of dividends of $6,000
- Depreciation expense of$12,000
- Net income of $32,000
- Proceeds from bonds $42,000
- Proceeds from sale of equipment $10,000
- Purchase of a building $50,000
Using this information, fill in the appropriate amounts for the following sections of the cash flow statement.If the amount is a negative cash flow,enter a -in front of the number.
1) Net cash flows from operating activities:
2) Net cash flows from investing activities:
3) Net cash flows from financing activities:
4) Net change in cash flows:
5) Ending cash balance:
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