Question

Problem 1-4A Presented below is selected financial information for Coronado Industries for the year ended December 31, 2017 Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $25,900 Cash paid to purchase equipment 103,700 Equipment 199,200 Service revenue $12,500 41,600 103,400 132,100 6,100 Cash received from issuing common stock 21,900 49,300 Cash received from customers 7,400

Answer 1

Coronado Industries
Statement of Cash Flows                   For the year ended December 31, 2017
(A)	Cash flows from operating activities
	Cash from customers	$132100
	Cash paid to suppliers	($103700)
	Net cash from operating activities		$ 28400
(B)	Cash flows from investing activities
	Purchase of equipment	($12500)
	Net cash from investing activities		($12500)
(C)	Cash flows from Financing Activities
	Cash received from issuing common stock	$ 21900
	Cash Dividends paid	($ 6100)
	Net cash from Financing Activities		$ 15800
	Net increase in cash and cash equivalents		$31700
	Cash and Cash equivalents at the beginning		$ 7400
	Cash and Cash equivalents at the end		$39100