Answer:
See the explanation below.
Explanation:
Marigold Corp.
Statement of cash flows for 2020
Details $ $
Net income 103,600
Depreciation (65,700 - 32,500) 32,200
Increase in receivables (86,500 - 70,700) (15,800)
Decrease in inventory (170,200 - 187,000) 16,800
Decrease in payables (35,400 - 46,500) <u> (11,100) </u>
Net cash from operating activities 125,700
<u>Cash flows from investing activities:</u>
Equipment purchase (260,700 - 200,600) (60,100)
Land sales (100,700 - 72,700) <u> 28,000</u>
Net cash flows from Investing activities (32,100)
<u>Cash flows from financing activities:</u>
Dividend paid (45,500)
Bond redeemed (53,500)
Common stock issued 45,000
Net cash from financing activities <u> (54,000)</u>
Increase / (Decrease) in cash 39,600
Beginning cash balance <u> 33,200</u>
Ending cash balance <u> 72,800</u>