Question

Whispering Winds Corp. Worksheet Statement of Cash Flows For the Year Ended December 31, 2019 9 Reconciling Items Balance 12/31/18 Debit Credit Balance 12/31/19 Balance Sheet Accounts Debits Cash (51,850) 73,350 Accounts receivable (4.950) 84,900 Inventory 21,500 75,950 189,600 100,500 200,900 Land 25,700 179,800 74,800 249,900 Equipment (49,000) Total 588,450 662,750 Credits Accumulated depreciation equipment 65,000 Accounts payable 13,800 Bonds payable 41,950 46,950 199,000 164,500 136,050 49.400 33,150 149,600 214,000 Common stock 49,500) (64.950) Retained earnings 201,000 Total 134.600 Statement of Cash Flow Effects Operating Activities Net Income Depreciation Expense Increase in Accounts Receivable 9 Decrease in Inventory Decrease in Accounts Payable 9 Investing Activities Sale of Land Purchase of Equipment Financing Activities Issuance of Bond 23,050 (4,950) 9,800 13,800 25,700 (49,000) 49.400 (49,500) Payment of Dividends Redemption of Bonds (64,950) Totals 134,600 Decrease in Cash 4 (46,650) 87,950 Totals

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Whispering Winds Corp. Worksheet For the year Ended December 31, 2019 Analysis of Changes Balance Debit Credit 12/31/2018 Balance 12/31/2019 $51,850 $8,950 Debits Cash Accounts Receivable Inventory Land Equipment $21,500 $75,950 $189,600 $100,500 $200,900 $588,450 $9,800 $25,700 $73,350 $84,900 $179,800 $74,800 $249,900 $662,750 $49,000 $23,050 Credits Accumulated Depreciation- Equipment Accounts payable Bonds payable Common Stock $1 par value Retained Earnings $13,800 $49,400 $41,950 $46,950 $199,000 $164,500 $136,050 $588,450 $65,000 $33,150 $149,600 $214,000 $201,000 $662,750 $69,650 $49,500 $134,600 Whispering Winds Corp. Statement of Cash Flows For Current Year Ended December 31, 2019 Operating Activities Net Income Depreciation Expense Increase in Accounts Receivable Decrease in Inventory Increase in Accounts Payable Cash flow from Operating Activities $134,600 $23,050 -$8,950 $9,800 -$13,800 $144,700 A Investing Activities Sale of Land Purchase of Equipment Cash flow used in Investing Activities $25,700 -$49,000 -$23,300 B Financing Activities Redemption of Bond Issued Common Stock Dividend paid Cash flow used in Financing Activities Net increase (decrease) in cash Cash balance at December 31, prior year Cash balance at December 31, current year $49,400 $49,500 -$69,650 -$69,550C $51,850 A+B+C $21,500 $73,350