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Cookie Creations 17 (Part Level Submission) Natalie has prepared the balance sheet and income statement of Cookie & Coffee CrYear Ended October 31, 2018 Cash Flows from Operating Activities Net Income 74000 Adjustment to reconcile net income to Net C

Please assist. Purchase of Equipment for -99700 was also wrong. Issue of Common Stock for +25430 was also wrong.

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Answer #1
Net cash provided by operating activities 83189
Cash flows from Investing Activities
Purchase of equipment ($99700 - $12000) -87700
Net cash used by investing activities -87700
Cash flows from Financing Activities
Issue of common stock 25930
Issue of preferred stock 14000
Principal repayment of notes payable -2000
Payment of dividends -700
Purchase of treasury stock -500
Net cash provided by Financing activities 36730
Net increase in cash 32219
Cash, November 1, 2017 0
Cash, October 31, 2018 32219
Noncash Investing and Financing Activities
Acquisition of equipment against notes payable 12000
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