Question

Prepare a statement of Cash flows for the nine months ended October 1, 2016. (Entered as negative amounts, enter answers in thousands)

Required information [The following information applies to the questions displayed belo Fitbit, Inc., reported the following information for the nine-month pe dollars. Accounts Payable Accounts Receivable Advertising Expense Cash (January 1, 2016) Cash (October 1, 2016) Common Stock Equipment Office Expenses Income Tax Expense Interest Expense Inventories Notes Payable Operating Expenses Retained Earnings (January 1, 2016) Sales Revenue Supplies $520,400 462,300 80,880 665,400 682,200 835,700 256,400 114,900 19,300 3,600 216,000 54,700 264, 100 261,300 514,900 87,400 Other cash flow information:

Answer 1

Statement of cash flows

Cash flows from operating activities
Cash received from customers	533,700
Cash paid to suppliers and employees	- 489,700
Net cash provided by operating activities		44,000
Cash flows from Investing activities
Cash received from sale of long term asset	1,100
Cash paid to purchase equipment	- 67,800
Net cash used in Investing activities		- 66,700
Cash flows from Financing activities
Cash received from issuing common stock	39,500
Dividend paid to stockholders	0
Net cash provided by financing activities		39,500
Net increase in cash		16,800
Beginning cash balance		665,400
Ending cash balance		682,200

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