Question

All information included. Statement of cash flows had to be spaced apart into 2 separate photos, but the while table is there that needs to be filled in. thank you!

Data Table 2018 2017 Current Assets Cash $ 98,600 $ 64,000 86,000 21,000 69,000 84,000 Accounts Receivable Merchandise Inventory Current Liabilities: Accounts Payable Income Tax Payable 57,500 14,200 56,000 16,500 Print Done Done

Answer 1

statement of cash flow
cash flow from operating activities
net income					66500
adjustments to reconcile net income to net cash
provided by (used for ) operating activities
add: depreciation expenses					25000
less: gain on sale of building					-5000
changes in current assets & liabilities
add: decrease in accounts receivable					5000
less: increase in inventory					-2000
add: increase in accounts payable					1500
less: decrease in income tax payable					-2300
net cash flow from operating activities					88700
cash flow from investing activities
acquisition of equipment					-69000
proceed from building sold (52000+5000)					57000
net cash flow from investing activities					-12000
cash flow from financing activities
issuance of common stock					35000
add: issuance of note payable					58000
less: dividend paid					-45000
less: cash paid to notes payable					-47100
net cash flow from financing activities					900
net increase/decrease in cash					77600
cash balance december 31 2017					21000
cash balance december 31 2018					98600
Non cash investing & financing activities
acquisition of land by issueing long term note payable					118000
total non cash investing & financing activities					118000

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