Question

Statement of Cash Flows The following are several items involving Tejera Company's cash flow activities for 2019: a. Net income, $66,400 b. Receipt from issuance of common stock, $36,000 c. Payment for purchase of equipment, $41,600 d. Payment for purchase of land, $19,600 e. Depreciation expense, $20,500 f. Patent amortization expense, $1,200 g. Payment of dividends, $21,000 h. Decrease in salaries payable, $2,600 i. Increase in accounts receivable, $10,600 j. Beginning cash balance, $30,800 Required Prepare Tejera's statement of cash flows for 2019 using the indirect method. Use a minus sign for any negative amounts. TEJERA COMPANY Statement of Cash Flows For Year Ended December 31, 2019 Net Cash Flow From Operating Activities Adjustments for differences between income flows and cash flows from operating activities: Net cash provided by operating activities Cash Flows From Investing Activities Net cash used for investing activities Cash Flows From Financing Activities Net cash provided by financing activities

Answer 1

Statement Cash flow $ 66,400 Net cash Flow from operating activities Net Income Adjustments Depreciation Ammortization Decrease in salaries payable Increase in accounts recievable Net cash flow from operating activities $ $ $ $ 20,500 1,200 (2,600) (10,600) Non Cash expense Non Cash expense Decrease in Current liablities Increase in Current Asset $ 74,900 Cash flow from Investing activities Purchase of equipment Purchase of land Net Cash flow from Investing activities $ $ (41,600) (19,600) $ (61,200) Cash flow from Financing activities Issue of common stock Dividend payment Net Cash flow from Financing activities $ $ 36,000 (21,000) $ 15,000 Cash generated during the year Beginning cash balance Ending cash balance $ $ $ 28,700 30,800 59,500