Below are several transactions that took place in Seneca Company last year: a Paid suppliers for inventory purchases. b. Bought equipment for cash. c. Paid cash to repurchase its own stock d. Collected cash from customers. e. Paid wages to employees. Equipment was sold for cash. g. Common stock was sold for cash to investors h. Cash dividends were declared and paid. 1. A long-term loan was made to a supplier. J. Income taxes were paid to the government k. Interest was paid to a lender. 1. Bonds were retired by paying the principal amount due. Required: Indicate how each of the above transaction would be classified on a statement of cash flows As appropriate place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column. Operating Investing Activity Financing Activity Cash Inflow Activity Cash Outflow b. d Transaction Paid suppliers for Inventory purchases Bought equipment for cash Paid cash to repurchase its own stock Collected cash from customers Paid wages to employees Equipment was sold for cash Common stock was sold for cash to investors Cash dividends were declared and paid e. 1. 9 h Ch 3 h. Cash dividends were declared and paid. L. A long-term loan was made to a supplier J. Income taxes were paid to the government k. Interest was paid to a lender. I. Bonds were retired by paying the principal amount due Required: Indicate how each of the above transaction would be classified on a statement of cash flows. As appropriate place an X in the Operating, Investing, or Financing column. Also, place an X in the Cash Inflow or Cash Outflow column. eBook Operating Activity Investing Activity Financing Activity Cash Inflow Cash Outflow Print b eferences d. e. 1 Transaction Paid suppliers for Inventory purchases Bought equipment for cash Paid cash to repurchase its own stock Collected cash from customers Paid wages to employees Equipment was sold for cash Common stock was sold for cash to investors Cash dividends were declared and paid A long-torm loan was made to a suppler Income taxes were paid to the government Interest was paid to a lender Bonds were retired by paying the principal amount duo g 13 K: 4 Mary Walker , president of Rusco Company, considers $14,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $8,000 in cash was available at the end of this year. Since the company reported a large ne income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker 5 Ints Rica Company Comparativo Balance Shoot at July 31 This Year Last Year eBook Print Assets Cucrant assetat Cash Accounts receivable Inventory Prepaid expenses Total current asta Long-term investment Plant and equipment 100 accumulated depreciation Het plant and equipment Total ansota Liabilities and Stockholders' Equity Current Ilabilities Accounts payablo neerud lahti Income Taxes payable Total current liabiti Bends payable Total labion tockholders' equity Comon stock Retained ning total stockholders' uity Total abilities and stockholders' quity $8,000 120,000 140,000 3,000 223,000 50. DOD 430,000 60.000 70,000 0693,000 3.21,000 00.000 90,000 9,000 200,000 20,000 300,000 50,000 250.000 3520.000 References 15123,000 B,000 20,000 151,000 20,000 221,000 0 60,000 17.000 12.000 9,000 0 09.000 360,000 100,000 346,000 03.000 ODO 0920,000 2693,000 Mon Company Incomeant VF Co Company Incone Statement Yor This Year Ended July 31 Sales Cool of goods sold Gross margin Selling and administrative expenses Net operating income Nonoporating Items Gain on sale of investments $10,000 toos on sale of equipment 12.0001 Income before taxes Thcom Laxen Nel nome 4500,000 300,000 200,000 158,000 42,000 Book 0.000 50,000 20,000 30,000 Print Terences The following additional information is available for this year. a. The company declared and paid a cash dividend, b. Equipment was sold during the year for $8,000. The equipment originally cost $20,000 and had accumulated depreciation of $10,000 c. Long-term investments that cost $20.000 were sold during the year for $30,000 d. The company did not retire any bonds payable or repurchase any of its common stock Required: 1. Using the indirect method, compute the net cash provided by/used in operating activities for this year. 2. Prepare a statement of cash flows for this year 3. Compute free cash flow for this year. Complete this question by entering your answers in the tabs below. Required: 1. Using the indirect method, compute the net cash provided by/used in operating activities for this year. 2. Prepare a statement of cash flows for this year. 3. Compute free cash flow for this year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the Indirect method, compute the net cash provided by used in operating activities for this year. (List any deductior cash outflows as negative amounts.) Rusco Company Statement of Cash Flows-Indirect Method (partial) aces Roured Required 22 4 Required 1 Required 2 Required 3 2.5 Doints Prepare a statement of cash flows for this year. (List any deduction in cash and cash outflows as negative amounts.) Rusco Company Statement of Cash Flows For This Year Ended July 31 eBook Operating activities: Print Investing activities: References Financing activities: Beginning cash and cash equivalents Ending cash and cash equivalents Help 4 210. 12,000) aan on OL VE tonn on sale of noisment Icono before taxes Income taxes Not Income 8,000 50,000 20.000 30,000 2.5 points The following additional information is available for this year. eBook a. The company declared and paid a cash dividend. b. Equipment was sold during the year for $8,000. The equipment originally cost $20,000 and had accumulated depreciation of $10,000 c. Long-term investments that cost $20,000 were sold during the year for $30,000 d. The company did not retire any bonds payable or repurchase any of its common stock Pant References Required: 1. Using the indirect method, compute the net cash provided by used in operating activities for this year. 2. Prepare a statement of cash flows for this year. 3. Compute free cash flow for this year. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Compute free cash flow for this year. (Negative amount should be indicated by a minus sign he cash flow