Question

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Presented below is selected financial information for Cullumber Company for December 31, 2022. Inventory $ 24,300 Cash paid to purchase equipment $ 11,200 Cash paid to suppliers 39,800 103,100 Equipment 200,800 Service revenue Buildings 103,500 Common stock 50,100 Cash received from customers 5,600 Cash received from issuing common stock 133,000 21,900 Cash dividends paid Cash at beginning of period 8,700 Prepare the statement of cash flows for Cullumber Company. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g.-15,000 or in parentheses e.g. (15,000).) CULLUMBER COMPANY Statement of Cash Flows

Answer 1

Answer:

CULUMBER COMPANY
Statement of Cash Flows
For the year ended December 31,2022
Cash flows from operating activities:
Cash paid to suppliers	($103,100)
Cash received from customers	$133,000
Net cash flows from operating activities (i)		$29,900
Cash flows from investing activities:
Cash paid to purchase equipment	$11,200
Net cash flows from investing activities (ii)		$11,200
Cash flows from financing activities:
Cash dividends paid	($5,600)
Cash received from issuing common stock	$21,900
Cash flows from financing activities (iii)		$16,300
Net increase(decrease) in cash (i+ii+iii)		$57,400
Cash at beginning of period		$8,700
Cash at ending of period		$66,100