WRIGHT COMPANY Balance Sheet and Income Statement data are given in the solution. Additional information: Original land cost $ 10,000 Land selling price $ 7,000 Common stock purchase $ 25,000 New equipment cost $ 150,000 Note payment, 1/1/2016 $ 30,000 Bond sale, 1/1/2016 $ 60,000 Common stock sold $ 76,000 Common stock par $ 50,000 Net income $ 80,000 Cash dividends paid $ 35,000

The Requirment are Spreadsheet for the Statement of Cash Flows and Statement of Cash Flows

WRIGHT COMPANY Spreadsheet for the Statement of Cash Flows Dec. 31 Changes Dec. 31 2015 Debits Credits 2016 Balance Sheet Assets: Cash 30 42 Accounts receivable 75 73 Short-term investment 15 40 Inventory 70 75 Land 60 50 Buildings and equipment 400 550 Less: Acc. depreciation (75) (115) 575 715 Liabilities: Accounts payable 35 28 Salaries payable 5 2 Interest payable 3 5 Income tax payable 12 9 Notes payable 30 - Bonds payable 100 160 Shareholders' Equity: Common stock 200 250 Paid-in capital - excess of par 100 126 Retained earnings 90 135 575 715 Statement of Income Revenues: Sales revenue 380 Expenses: Cost of goods sold (130) Salaries expense (45) Depreciation expense (40) Interest expense (12) Loss on sale of land (3) Income tax expense (70) Net income 80 Statement of Cash Flows Operating activities: Cash inflows: From customers Cash outflows: To suppliers of goods To employees For interest expense For income taxes Net cash flows - Investing activities: Sale of land Purchase of ST investment Purchase of equipment Net cash flows - Financing activities: Repayment of notes payable Sale of bonds payable Sale of common stock Payment of cash dividends Net cash flows - Net increase in cash 12 Totals WRIGHT COMPANY Statement of Cash Flows For year ended December 31, 2016 (in $000) Cash flows from operating activities: Cash inflows: From customers Cash outflows: To suppliers of goods To employees For interest For income taxes Net cash flows from operating activities Cash flows from investing activities: Sale of land Purchase of short-term investment Purchase of equipment Net cash flows from investing activities Cash flows from financing activities: Repayment of notes payable Sale of bonds payable Sale of common stock Payment of cash dividends Net cash flows from financing activities Net increase in cash Cash balance, January 1 Cash balance, December 31