use income& balance sheets to solve cashflow statement

Normal 1 No Spac... Heading 1 Heading 2 S @ 7270 S D72042A Paragraph Income Strement For year ended 12/31/ ALL FIGURES IN SODOS Reverie COGS (Cost of Goods Sold) Gross profit SGSA (Selling. General & Administrative) Operating income Other revenues & gains Gain on sale of investments EBIT (Earnings before interest and taxes) Interest expense, net Earnings before taxes income tax expense ALLO 2015 11.45 115455 9500 12.590.0 4,2720 Ozod Net Income $ 6.4105 S $ Balance Sheet As of 12/31 - ALL FIGURES IN SOOO Cash Receivables Inventory Total current assets PP&E, gross Accumulated depreciation Long-term investments(held-to-maturity) Total Assets 2018 $ 11,500.0 13,000.0 20,500.0 45,000.0 17,000.0 (11,700.0) 14200.0 64,500.0 2019 12,200.0 17,500.0 17,500.0 47,200.0 19,000.0 (12,000.0) 13,000.0 67200.0 12,000.0 2,500.0 2,000.0 16.500.0 Accounts payable Short-term note Accrued liabilities Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total u kies. Shareholders Equity 9,000.0 2000.0 2.500,0 13500.0 15,000.0 19,000.0 17,000.0 9,000.0 29 93011 Statement of Cash Flows Foryear ended 12/31 ALL FIGURES IN SODES Cash flows from operations (ORECT) Cash collections from customers $ 64,500.0 Cashpaldfor merchandise Cashpaldfor SG&A Cashpald for interest Cash paid for income taxes Netcash provided (used) by operating activities TE 41.000.0 9.800.0 1 / / ET / / Cashflows from operations (INDIRECT) Netincome Adjustments to reconcile net income to net cash provided by operating activities w De predation Gain on sale of investments Change in Inventory Change in receivables Change in accounts payable Change in accrued liabilities Net cash provided (used) by operating activities Cash flows from investing activities Sale of held-to-maturity investments Purchase of plant assets Netcash provided used) by investing activities Cash flows from financing activities issuance of capital stock Proceeds from repayment of long-tem debt Proceeds from repayment of shortterm debt Payment of cash didends to preferred stock Payment of cash dividends to common stock Nutcash provide d by financing activities 2 500.0 in Mette Cash Casheed 40% NOTES & ASSUMPTIONS The tax rate is 40% Cash dividend of $2,600k declared & paid Part of the long-term debt was retired on Dec 31:. Interest is based on previous year balance Long Term Interest Rate 5% Additional short-term debt was taken on Dec 31 :. Interest is based on previous year balance Short Term Interest Rate During the year, $700k of common stock was issued in exchange for PP&E No PP&E was sold during the year All sales involve selling mechandise on account 10% Normal 1 No Spac... Heading 1 Heading 2 S @ 7270 S D72042A Paragraph Income Strement For year ended 12/31/ ALL FIGURES IN SODOS Reverie COGS (Cost of Goods Sold) Gross profit SGSA (Selling. General & Administrative) Operating income Other revenues & gains Gain on sale of investments EBIT (Earnings before interest and taxes) Interest expense, net Earnings before taxes income tax expense ALLO 2015 11.45 115455 9500 12.590.0 4,2720 Ozod Net Income $ 6.4105 S $ Balance Sheet As of 12/31 - ALL FIGURES IN SOOO Cash Receivables Inventory Total current assets PP&E, gross Accumulated depreciation Long-term investments(held-to-maturity) Total Assets 2018 $ 11,500.0 13,000.0 20,500.0 45,000.0 17,000.0 (11,700.0) 14200.0 64,500.0 2019 12,200.0 17,500.0 17,500.0 47,200.0 19,000.0 (12,000.0) 13,000.0 67200.0 12,000.0 2,500.0 2,000.0 16.500.0 Accounts payable Short-term note Accrued liabilities Total current liabilities Long-term debt Preferred stock Common stock Retained earnings Total u kies. Shareholders Equity 9,000.0 2000.0 2.500,0 13500.0 15,000.0 19,000.0 17,000.0 9,000.0 29 93011 Statement of Cash Flows Foryear ended 12/31 ALL FIGURES IN SODES Cash flows from operations (ORECT) Cash collections from customers $ 64,500.0 Cashpaldfor merchandise Cashpaldfor SG&A Cashpald for interest Cash paid for income taxes Netcash provided (used) by operating activities TE 41.000.0 9.800.0 1 / / ET / / Cashflows from operations (INDIRECT) Netincome Adjustments to reconcile net income to net cash provided by operating activities w De predation Gain on sale of investments Change in Inventory Change in receivables Change in accounts payable Change in accrued liabilities Net cash provided (used) by operating activities Cash flows from investing activities Sale of held-to-maturity investments Purchase of plant assets Netcash provided used) by investing activities Cash flows from financing activities issuance of capital stock Proceeds from repayment of long-tem debt Proceeds from repayment of shortterm debt Payment of cash didends to preferred stock Payment of cash dividends to common stock Nutcash provide d by financing activities 2 500.0 in Mette Cash Casheed 40% NOTES & ASSUMPTIONS The tax rate is 40% Cash dividend of $2,600k declared & paid Part of the long-term debt was retired on Dec 31:. Interest is based on previous year balance Long Term Interest Rate 5% Additional short-term debt was taken on Dec 31 :. Interest is based on previous year balance Short Term Interest Rate During the year, $700k of common stock was issued in exchange for PP&E No PP&E was sold during the year All sales involve selling mechandise on account 10%