Question

complete the statement of cash flows: how do i do finiancing activities and what have i done wrong for operating (i think its other/ operating expenses) and investing (purchase of equipment? or just all of them) as its not adding up. Please explain with calculations if possible. thanks.

Sales revenue ALEKSIA LTD PAL statement for 2016 $ 297 SOO Gain on sale of plant assets 300 500 $ ALEKSIA LTD Statement of Financial Position as at 31 December Asus 2016 2015 cash 92.700 $ 33 400 Accounts receivable 30.800 37 000 inventories 121.900 investments fong term 34 500 107 000 Plant and equipment 310.000 205.000 Accumulated deprecation (49, 500) (40.000 640 400 $ 445 050 Liabilities and equity Accounts payable 62.700 $ Accrued exces payable 12 100 18,830 Bonds payable 140,000 70,000 Contributed capital 250.000 200,000 Retained earnings 175.000 107 940 Total 640 400 $ Cost of sales Operating expenses, except depin Depreciation expense Income taxes 9460 14.670 35. SO 7,270 199.340 342.000 Profit Additional information: 1 Equipment bought for cash in 2016 2. Investments were sold at cost 3. Plant & equipm't costing $36.000 sold for 4. Cash dividend dedared and paid in 2016 $ 15.000 Required: Complete the statement of cash flows for 2016 below. Aleksia Ltd Statement of Cash Flows for the year ended 31 December 2016 Cash flows from operating activities: USE CELL REFERENCES FOR $VALUE ENTRIES. Cash receipts from customers 253,700 Cash payments: To suppliers 104 290 For income taxes 7270 For interest 2.940 For other operating expenses 21.400 135.900 Net cash provided by operating activities 117.800 Cash flows from investing activities: Sale of plant and equipment 15,000 Sale of investments 22.500 Purchase of equipment 90.000 Net cash provided by inwesting activities 127 500 Cash flows from financing activities: Payment of dividends Proceeds from of bonds Select from dropdown menu Net cash used by financing activities 75.000 70 000 (5000) Cash at beginning of period Cash at end of period Net increase in cash

Answer 1

Cash flows from operating activities
Cash received from customers		$    253,700
Cash payments:
To suppliers	$ (104,290)
For income tax	$       (7,270)
For interest	$       (2,940)
For other/operating expenses	$    (21,400)	$ (135,900)
Net cash provided by operating activities		$    117,800
Cash flows from investing activities
Sale of plant and equipment	$       15,000
Sale of investments	$       22,500		107000-84500
Purchase of equipment	$ (141,000)		205000-310000-36000
Net cash used by investing activities		$ (103,500)
Cash flows from financing activities
Payment of dividends	$    (75,000)
Proceeds from issue of bonds	$       70,000
Proceeds from issue of common stock	$       50,000		250000-200000
Net cash provided by financing activities		$       45,000
Net increase in cash and cash equivalents		$       59,300
Cash and cash equivalents at beginning of period		$       33,400
Cash and cash equivalents at end of period		$       92,700

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