Question

all of 17.6 please

E17.6 (LO 2) Financial Statement The following information is available for Stamos Corporation for the year ended December 31, 2020. Prepare statement of cash flows-indirect method. Beginning cash balance Accounts payable decrease Depreciation expense Accounts receivable increase Inventory increase Net income Cash received for sale of land at book value Cash dividends paid Income taxes payable increase Cash used to purchase building Cash used to purchase treasury stock Cash received from issuing bonds $ 45,000 3,700 162,000 8,200 11,000 284,100 35,000 12,000 4,700 289,000 26,000 200,000

Answer 1

Stamos Corporation Statement of Cash Flows For the Year Ended December 31, 2020 Cash flows from Operating Activities Net Income $ 284,100 | Adjustments to reconcile net income to net cash flow from operating activities: Depreciation expense $ 162,000 Increase in accounts receivable $ -8,200 Increase in inventory $ -11,000 Decrease in accounts payable $ -3,700 Increase in income taxes payable $ 4,700 Net cash flow from Operating Activities Cash flows from Investing Activities: Cash received for sale of land $ 35,000 Cash used to purchase building $ -289,000 Net cash flow from investing activities Cash flows from Financing Activities: Cash used to purchase treasury stock $ -26,000 Cash received from issuing bonds $ 200,000 Cash dividends paid $ 12,000 Net cash flow from financing activities Net increase (decrease) in cash Beginning cash balance Ending cash balance $ 427,900 $ -254,000 $ $ $ $ 162,000 335,900 45,000 380,900