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The records of Koop Co. provided the following information for the year ended 31 December 20X8: Statement of Comprehensive In

KOOP COMPANY Statement of Cash Flows For the year ended 31 December 20X8 Operating activities: Adjustments for non-cash items

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Statement of cash flow
operating activities
net income for the year 200
Adjustments for non cash items
Depreciation expense 23,400
Loss on sale of Equipment 4,800
changes in current assets and current liabilities
increase in accounts receivable -9100
increase in inventory -14500
decrease in prepaid interest 2400
increase in accounts payable 6,000
Decrease in wages payable -4400
increase in income taxes payable 13,200
Net cash provided by operating activities 22,000
Investing activities
Cash from sale of Equipment 6,700
purchase of land for cash -45,100
Cash used by investing activities -38,400
Financing activities
Cash dividend -15000
Cash from notes payable 28,200
cash from common shares 69,500
Cash from financing activities 82,700
net increase in cash 66,300
cash at beginning 80,100
cash at year end 146,400
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