Sing Imports Corp. reports the following amounts on its statement of cash flows:

	20X2		20X1
Trade accounts payable	$	526,700	$	725,100
Dividends payable		11,700		33,500
Provision for litigation		380,000		185,000
Decommissioning obligation		131,400		123,000
Note payable, 5%		485,000		770,000
Note payable, net, 6%		71,600		65,500

Other information:

• Dividends of $134,000 were declared and paid during the year.
• The provision for litigation is based on outstanding legal claims. The amount is not discounted because of uncertainty of cash flow amounts and timing. The provision was increased this year because of new lawsuits filed against the company.
• The decommissioning obligation relates to a leased premises that must be remediated at the end of the lease term. The change in this account this year is due to unwinding the discount.
• The 5% note payable is a bank loan at market interest rates. Interest of $38,500 was paid at year-end.
• The 6% note payable reflects market interest rates at issuance but is, in fact, a no-interest, multi-year liability associated with inventory purchase. The change in the account relates to unwinding the discount.

Sing uses the indirect method of presentation in the operating activities section of the statement of cash flows and follows the policy of reporting dividends paid in financing activities; interest paid is included in operating activities.

Required:

List the items as they would appear on the statement of cash flows in 20X2. Include the classification and amount.

Answer rating: 100% (QA)

Accounts Classification Amount Trade accounts payable 1 Operating Activity 198400 Divide... View the full answer