The following is a statement of cash flows for the Tombstone Company. Answer the questions about this financial statement that follow. Tombstone Company Statement of Cash Flows For the Year Ended December 31, 2017 34,682 Cash flows from operating activities: Net Income Reconciliation items: Increase in Accounts Receivable Decrease in Merchandise Inventory Increase in Accounts Payable Decrease in Income Taxes Payable Depreciation Expense Loss on sale of plant assets Gain on sale of investments Net cash provided by operating activities Cash flows from investing activities: Cash received from sale of plant assets Cash received from sale of long-term investments Cash paid for purchase of plant assets Net cash used in investing activities (3,336) 13,698 29.544 (630) 38,540 10,080 (11,698) 110.880 13 2.520 12.298 (92,758) (77.940) Cash flows from financing activities Cash received from issuing stock Cash paid for dividends Cash paid to retire bonds payable 30,000 (40,320) (20,700) Cash flows from financing activities: Cash received from issuing stock Cash paid for dividends Cash paid to retire bonds payable Net cash used in financing activities 30,000 (40,320) (20,700) (31,020) Net increase in cash 1,920 Cash balance at prior year-end 27,648 Cash balance at current year-end 29,568 What method do the use to report operating cash flows? Fill in the blank with either direct method or indirect method. A Did they purchase any plant assets for cash? Fill in the blank with either yes or A Did they purchase any investments for cash? Fill in the blank with yes or no. A/ Did they sell any investments for cash? Fill in the blank with yes or no. 4 Did they issue any note receivables for cash? Fill in the blank with yes or no. A Did they pay any cash dividends? Fill in no. the blank with yes or no. Did they buy they issue any note receivables for cash? Fill in the blank with yes or no. Did they pay any cash dividends? Fill in the blank with yes or no. A Did they buy any treasury stock for cash? Fill in the blank with yes or no. A/ Did they sell bonds for cash? Fill in the blank with yes or no. A Did they issue any new stock for cash? Fill in the blank with yes or no. A Did they pay off any bonds payable? Fill in the blank with yes or no. Previous Page Next Page Page 9 of 12