Question

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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  • CreatedFebruary 26, 2015
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