Answer:
Please see the completed Cash Flow Statement below:
Explanation:
New Line Films, Inc.
Statement of Cash Flow
As of December 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 45,250
<em>Adjustments to reconcile net income to
</em>
<em>net cash provided by operating activities:
</em>
Depreciation on Fixed Assets 14,050
<em>(Increase) Decrease in Current Assets:</em>
Accounts Receivables 6,800
Merchandise Inventory (4,950)
<em>Increase (Decrease) in Current Assets: </em>
Accounts Payable (10,300)
Wages payable (400)
NET CASH PROVIDED BY OPERATING ACTIVITIES 50,450
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of Property and equipment (57,850)
NET CASH USED IN INVESTING ACTIVITIES (57,850)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of Note Payable, Long Term (11,500)
Payment of Cash Dividends (13,650)
Issuance of Common Stock 34,200
NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES 9,050
NET INCREASE (DECREASE) IN CASH 1,650
<em>Cash Balance, December 31 2016 65,000 </em>
<em>Cash Balance, December 31 2017 66,650 </em>
