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Using the following information for 2019, calculate the net cash provided by (used for) Operating Activities for 12/31/19. Remember to add/subtract based on the effect

  1. Using the following information for 2019, calculate the net cash provided by (used for) Operating Activities for 12/31/19. Remember to add/subtract based on the effect the item has on cash.
    • Net Income $125,000 (should tie to your Income Statement)
    • Depreciation Expense $10,000
    • Decrease in Inventory $15,000
    • Increase in Accounts Receivable $4,000
    • Increase in Wages Payable $12,000
    • Decrease in Accounts Payable $43,000

  1. Using the following information for 2019, calculate the net cash provided by (used for) Investing Activities for 12/31/19. Remember to add/subtract based on the effect the item has on cash.
    • Purchase of Building $136,000
    • Purchase of Equipment $5,000
    • Purchase of Land $90,000
    • Proceeds from Sale of Computers $5,000
    • Proceeds from Sale of Vehicles $7,000

  1. Using the following information for 2019, calculate the net cash provided by (used for) Financing Activities for 12/31/19. Remember to add/subtract based on the effect the item has on cash.
    • Proceeds from Issuance of Long-Term Debt $125,000
    • Proceeds from Issuance of Common Stock $35,000
    • Proceeds from Issuance of Preferred Stock $11,000
    • Purchase of Treasury Stock $7,000
    • Payment of Dividends $55,000

  1. Using the information from problems 1-2-3, prepare a Statement of Cash Flows in proper format if beginning cash on 1/1/19 was $7,000.

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