Question

Homework: Homework 3 Save 4 of 5 (5 complete) HW Score: 70.88%, 7.09 of 10 pts Score: 1.08 of 2 pts Bookmatch 3-14 (book/static) Question Help (Working with a statement of cash flows) Prepare a statement of cash flows from the scrambled list of items in the popup window, Complete the operating activities part of the statement of cash flows. (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) Statement of Cash Flows Cash Flows from Operating Activities Net income $ 129,000 Adjustments Depreciation expense Increase in accounts receivable 17,000 (69,000) (7,000) 43,000 Increase in inventories Increase in accounts payable Net cash provided by operating activities 113,000 Complete the investing activities part of the statement of cash flows. (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) Statement of Cash Flows (Cont'd) Cash Flows from Investing Activities Increase in gross fixed assets $ (54,000) Net cash used in investing activities (54,000) Complete the financing activities part of the statement of cash flows. (Round to the nearest dollar. NOTE: Input cash inflows as positive values and cash outflows as negative values.) Statement of Cash Flows (Cont'd) Cash Flows from Financing Activities Increase in short-term notes payable Increase in long-term debt Issued new common stock 15,000 53,000 30000 (29,000) Dividends paid to shareholders Net cash provided by financing activities $ 127000 Choose from any list or enter any number in the input fields and then click Check Answer. All parts showing Clear All Final Check Final Check

On my final check for this question, please help with finishing! Thank you!

Answer 1

Statement of Cash Flows:
Cash Flows from Operating Activities:
Profit before Tax		174,000
Adjustments:
Depreciation Expense		17,000
Interest Expense		45,000
Increase in Accounts Receivable		(69,000)
Increase in Inventories		(7,000)
Increase in Accounts Payable		43,000
Increase in Short Term Notes Payable		15,000
Income Taxes		(45,000)
Net Cash provided by Operating Activities:(A)		173,000
Cash Flows from Operating Activities:
Increase in Gross Fixed Assets		(54,000)
Net Cash used in Investing Activities:(B)		(54,000)
Cash Flows from Financing Activities:
Increase in Long Term Debt		53,000
Increase in Common Stock (par)		5,000
Increase in paid in capital		20,000
Dividends paid to Shareholders		(29,000)
Interest Expense		(45,000)
Net Cash provided by Financing Activities:(C )		4,000
Change in cash & cash equivalents (A)+(B)+(C )		123,000
Cash & cash equivalents at the beginning of the period		250,000
Cash & cash equivalents at the edn of the period		373,000

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Note:
Operating Income	219000
Less:Interest Expense	45000
Profit Before Tax	174000