You have been provided the following cash flow activities about
You have been provided the following cash flow activities about Arcola Inc. for the year ended December 31, 2017. Organize this information into a statement of cash flows. Use Leon’s statement in Exhibit 2.1 as a model. Be sure to provide a reconciliation to the cash balance on December 31, 2017:
• Cash balance on December 31, 2016 .......... $ ?
• Cash balance on December 31, 2017 .......... 19,000
• Cash from operations ................ 184,000
• Dividends paid to shareholders .............. 50,000
• Sale of commons shares to new investors ......... 310,000
• Purchase of investments in other companies ....... 350,000
• Sale of old equipment ................. 25,000
• Purchase of land ................... 175,000

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