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Megan Corporations net income last year was $99,000. Changes in the companys balance sheet accounts for the year appear below Asset and Contra-Asset Accounts: Cash and cash equivalents(3,800) Accounts receivable Inventory Prepaid expenses Long-term investments Property, plant, and equipment Accumulated depreciation (15.000) 3,500 (7.700 s 81,000 $57,000 $ 60,000 Liability and Equity Accounts Accounts payable Accrued 1iabilities Income taxes payable Bonds payable Conmon stock Retained earnings $ 16,180 $ (11,880) (31,500) $ 21,000 61,200 The company paid a cash dividend of $37,800 and it did not dispose of any long-term investments or property, plant, and equipment. The company did not issue any bonds payable or repurchase any of its own common stock. The following questions pertain to the companys statement of cash flows. The free cash flow for the year was: Multiple Choice 5144 700 275.380 58700 < Prev 30 of 30! MacBook Air
Accounts: (15,000) $ 3,500 $ (7,700) Inventory $ 57,000 equipment $ 60,000 $(31,500) $ 21,000 id not dispose of any long-term investments or
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- Homeert Page Layout FormulasData Review View s Cut aCopy E AutoSum ー E ゴWrap Text B l u .-. D-A- ーーミ 遑锂困Merge & Center. $, % , :08:08 Conditional Format . CellInsert Delete Format Sort &Find & 2 ClearFe Select Edting Format Painter Formatting, as Table-styles, , ψ Clipboard Alignment Number Cells Company name Statement of cash flow For the year ended 4 6 erating activit Net income Add: Depreciation expense (Increase in accumulated depreciation) Less: Increase in Inventory Add: Decrease in Account receivable Add: Decrease in Prepaid expense Less : Decrease in Income tax payable Add: Increase in Accrued liabillity Net cash flow from operating activity 8 99,000 60,000 (3,500) 15,000 7,700 (11,880) 16,180 10 12 13 14 15 16 17 18 19 20 il 182,500 Purchase of Long investment Purchase of equipment Net cash flow from investing activity (81,000) (57,000) (138,000) l Sheet149 | Sheet150 ! Sheet1S1 | Sheet1S2 Sheet1S3 Sheet154 Sheet15S Sheet1 56 Sheet!57 Ready 13096 11:03 01-12-18 Search the web and Windows

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