View Policies Current Attempt in Progress Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. and would like you to prepare the cash flow statement. The comparative balance sheet of Cookie & Coffee Creations Inc. at October 31, 2023 for the years 2023 and 2022 and the income statement for the year ended October 31, 2023, are presented below. COOKIE & COFFEE CREATIONS INC. Balance Sheet October 31, Assets 2023 2022 Cash $29,074 $11,550 Accounts receivable 3,250 2.710 Inventory 7,897 7,450 5,800 6,050 Prepaid expenses Equipment Accumulated depreciation-equipment 102,000 75,500 (25,200) (9,100) Total assets $122.821 $94,160 Liabilities and Stockholders' Equity 2018 2017 Accounts payable $1,150 $2.450 Income taxes payable 9.251 7.200 Dividends payable 27,000 27,000 Salaries and wages payable 7.250 1.280 Interest payable 188 O Nintenavable 10.000 Question 3 of 3 Decrease in Prepaid Expenses 250 Decrease in Accounts Payable 1300 Increase in Accounts Receivable 540 447 Increase in Inventory 6172 Net Cash Provided by Operating Activities 63274 Cash Flows from Investing Activities 500 Sale of Equipment Question 3 of 3 - / 70 Sale of Equipment $ 500 Purchase of Equipment 19000 Net Cash Provided by Investing Activities 18500 Cash Flows from Financing Activities Issuance of Preferred Stock $ 1000 Payment of Cash Dividends 27000 Principal Repayment of Notes Payable 2000 Reissuance of Treasury Stock 0 Net Cash used by Financing Activities 28000 Net Increase in Cash Cash, October 31 16774 Cash, November 1 $ 5550 Cash October 31 Net Income 22324 e Textbook and Media Prepare a statement of cash flows for Cookie & Coffee Creations Inc. for the year ended October 31, 2023, using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a -sign eg. -15,000 or in parenthesis e.g. (15,000)) COOKIE & COFFEE CREATIONS INC. Statement of Cash Flows (Direct Method) For the Year Ended October 31, 2023 Cash Flows from Operating Activities Cash Receipts From Customers To Suppliers > For Operating Expenses 47936 For Income Tax 7200 For interest 225 -/70 II Question 3 of 3 $ $ $ e Textbook and Media