Question

Condensed financial data of Kingbird Company for 2017 and 2016 are presented below KINGBIRD COMPANY COMPARATIVE BALANCE SHEET AS OF DECEMBER 31, 2017 AND 2016 Cash Receivables Inventory Plant assets Accumulated depreciation Long-term investments (held-to-maturity) 2017 2016 $1,840 $1,170 1,730 1,310 1,580 1,880 1,910 1,700 (1,210) (1,170) 1,310 1,420 $7,160 $6,310 Accounts payable Accrued liabilities Bonds payable Common stock Retained earnings $1,190 $900 260 1,400 1,580 1,880 1,720 2,480 1,850 $7,160 $6,310 210

Answer 1

Statement of cash flow

Cash flow from operating activities
Net income		890
Adjustment to reconcile net income to
Net cash flow from operating activities
Depreciation expense	40
Gain on sale of investment	-80
Increase receivable	-420
Decrease inventory	300
Increase account payable	290
Decrease accrued liabilities	-50
		80
Net cash flow from operating activities		970
Cash flow from investing activities
Sale of investment	190
Purchase plant assets	-140
Net cash used in investing activities		50
Cash flow from financing activities
Dividend paid	-260
Issue common Stock	90
Bond repaid	-180
Net cash used in financing activities		-350
Net cash flow		670
Beginning Cash		1170
Ending Cash		1840