Answer:
Cash Flow Statements-Indirect Method
Explanation:
Amount in $
Cash Flows from Operating Activities
Net Income 22,400
Adjustments:
Income Tax Expense 5,600
Income Tax Paid (5,900-3900+5600) (7,600)
Accounts Received (51,500-61,400) 9,900
Short term Investment Made (18,200-35,000) (16,800)
Inventory (60,500-40,000) 20,500
Prepaid Rent (4,100-5000) (900)
Depreciation (25,100-35,200) 10,100
Accounts Payable (40,100-46,100) 6,000
Salaries (4000-8000) 4,000
Gain/Loss on Sale of Equipment (9,400-2,100) 7,300
Cash Generated from operations 60,500
Cash Flows from Investing Activities
Total Assets Purchased (297,300-310,800-19800) (32,500)
Proceeds from sale of equipment (12,200)
Cash Flows from Financing Activities
Dividend Paid ( 6,100)
Short Term Loans (10,000-8,100) (1,900)
Long Term Loans Paid (69,300-60,400) (8,900)
Net Decrease in Cash and Cash Equivalents (1,100)
Cash at Beginning 7,000
Cash at ending <u>5,900</u>
