Question

Use the following alphabetical list of information to prepare a well-organized cash flow statement for Winkler Ltd. for the year ended July 31, 2016. The bookkeeper who prepared the information wasn’t sure about exactly what information to provide to you so there may be information that shouldn’t be included in the cash flow statement.
Accounts receivable ................ $ 560,000
Cash and cash equivalents at the beginning of the year.. 450,500
Cash and cash equivalents at the end of the year.... 64,500
Decrease in accounts payable ............. 44,000
Decrease in accounts receivable........... 51,000
Decrease in cash ................ 441,000
Depreciation ................... 852,000
Dividends .................... 750,000
Dividends declared but not paid........... 350,000
Gain on the sale of equipment............ 225,000
Increase in inventory................ 96,000
Increase in prepaids ................. 12,000
Increase in taxes payable ............. 77,000
Issuance of common shares ............. 1,000,000
Issuance of long-term debt ............. 3,000,000
Land ...................... 1,000,000
Loss on the sale of land ............. 100,000
Net income .................... 750,000
Proceeds from the sale of land............. 55,000
Proceeds from the sale of property, plant, and equipment. 356,000
Purchase of long-term investments......... 1,355,000
Purchase of property, plant, and equipment for cash... 1,750,000
Repayment of bank loans.............. 955,000
Retirement of long-term debt ............. 1,750,000
Shares exchanged for equipment............. 500,000
Writedown of assets ............... 310,000



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  • CreatedFebruary 26, 2015
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