A list of selected items involving the cash flow activities of the Topps Company for 2007 is

Question:

A list of selected items involving the cash flow activities of the Topps Company for 2007 is presented here:
a. Patent amortization expense, $3,500
b. Machinery was purchased for $39,500
c. At year-end, bonds payable with a of $20,000 were issued for $17,000
d. Net income, $47,200
e. Dividends paid, $16,000
f. Depreciation expense, $12,900
g. Preferred stock was issued for $13,600
h. Investments were acquired for $21,000
i. increased by $4,300
j. Land was sold at cost, $11,000
k. Inventories increased by $15,400
l. increased by $2,700
m. Beginning cash balance, $19,400

Required
Prepare the statement of cash flows of the Topps Company for 2007.

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Face Value
Face value is a financial term used to describe the nominal or dollar value of a security, as stated by its issuer. For stocks, the face value is the original cost of the stock, as listed on the certificate. For bonds, it is the amount paid to the...