Question

please disrgard my work

1. Dauber Corporation's com appear below: Der Corporation's comparative balance sheet and income statement for last year Cash and cash equivalents Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Less accumulated depreciation Total assets Comparative Balance Sheet Ending Balance $ 64,000 57,000 58,000 18,000 290,000 520,000 390,000 $ 617.000 Beginning Balance $ 39,000 25.UULAS ACESS 44,000 +13 Cod increase 70,000 - 12000 Derete 10,000 +8000 ince 230,000 Gacuo increase 520,000 - 358,000+32oce include $ 555.000 Accounts payable Accrued liabilities Income taxes payable Bonds payable Common stock Retained earnings Total liabilities and stockholders' equity $ 14,000 35,000 69,000 160,000 140,000 199,000 $ 617.000 $ 38,000 24,00 Deresse 17,000 15/coo in 40,000 wew. 3 180,000 Loc. De peene 110,000 EUR increase 170,000 24.000 $ 555.000 Income Statement Sales Cost of goods sold Gross margin Selling and administrative expense Net operating income Income taxes Net income $ 580,000 250,000 330,000 210,000 120,000 36,000 $ 84,000 The company declared and paid a cash dividend during the year. It did not sell any long- term investments, issue any bonds payable, or repurchase any of its own common stock. Required: a. Construct in good form the operating activities section of the company's statement of cash flows for the year. b. Construct in good form the investing activities section of the company's statement of cash flows for the year. c. Construct in good form the financing activities section of the company's statement of cash flows for the year. ni

Answer 1

Statement of Cash Flows For the year ended December 31...
Cash Flows from Operating Activities
Net Income		$ 84,000
Adjustments to reconcile net income to net cash provided by operations
Depreciation Expense	$32,000
Increase in Accounts Receivable	(13,000)
Decrease in Inventory	12,000
Increase in Prepaid Expenses	(8,000)
Decrease in Accounts Payable	(24,000)
Increase in Accrued Liabilities	18,000
Increase in Income Taxes Payable	29,000	46,000
Net cash provided by operations		130,000
Cash Flows from Investing Activities
Purchase of Long Term Investments	(60,000)
Net cash used for Investing Activities		(60,000)
Cash Flows from Financing Activities
Cash from issuance of Common Stock	30,000
Cash paid to retire Bonds Payable	(20,000)
Cash dividends paid	(55,000)
Net cash used for Financing Activities		(45,000)
Net Increase ( Decrease) in Cash and Cash Equivalents		25,000
Beginning Cash and Cash Equivalents		39,000
Ending Cash and Cash Equivalents		64,000