Answer:
Tejera Company
Statement of Cash Flows
December 31, 2019
Cash flows from operating activities:
Net income $60,400
Adjustments to net income $8,800
- Depreciation expense $20,500
- Patent amortization expense $1,200
- Increase in accounts receivables -$10,300
- Decrease in salaries payable -$2,600
Total cash flow from operating activities $69,200
Cash flow from investing activities:
Purchase of equipment -$41,500
Purchase of land -$19,600
Total cash flow from investing activities -$61,100
Cash flow from financing activities:
Issuance of common stock $32,000
Dividends paid -$21,000
Total cash flow from financing activities $11,000
Net increase in cash $19,100
Beginning cash balance 2019 $30,700
Ending cash balance 2019 $49,800
