Balance Sheet and Income Statement information is provided below for the

Eastern Washington Auto Parts Supply Company.

Balance Sheet Information $12/31/2312/31/22$

Cash $ $45,785$ $ $39,060$

Accounts Receivable $31,83533,635$

Inventory $61,32071,445$

Equipment $95,00066,940$

Accumulated Depreciation $(65,700)(62,000)$

Patents $25,00023,000$

Total Assets $$193,240$ $$172,080$

Accounts Payable $ $31,900$ $ $63,075$

Notes Payable $40,00015,500$

Common Stock $90,00065,000$

Retained Earnings $31,34028,505$

Total Liabilities and Stockholders$$ Equity $$193,240$ $$172,080$

Income Statement Information for the Year Ended December $31,2023$

Revenue $$305,115$

Expenses $(259,580)$

Depreciation $(3,700)$

Net Income $ $41,835$

Additional information for the year $2023$:

$1.$ Additional equipment was purchased for $$28,060.$

$2.$ A patent was purchased from a competitor for $$2,000$

$3.$ $$25,000$ of additional common stock was issued.

$4.$ Dividends were declared and paid in the amount of $$39,000$

$5.$ An additional long$-$term note payable of $$24,500$ was issued.

Required:

Prepare a complete statement of cash flows for the year ending December $31,$

$2023.$ Be sure to include all three sections of the cash flow statement: Operating

Activities, Investing Activities, and Financing Activities. In addition, be sure to

report the net change in cash, and the beginning cash and ending cash balance.

See the Introduction Module with my review of E$12-7$ for a good example of a

complete statement of cash flows. Question $\backslash$#$5$

Balance Sheet and Income Statement information is provided below for the Eastern Washington Auto Parts Supply Company.

Additional information for the year $2023$:

$1.$ Additional equipment was purchased for $\backslash (\backslash$$ $28,060\backslash ).$

$2.$ A patent was purchased from a competitor for $\backslash (\backslash$$ $2,000\backslash )$

$3.\backslash (\backslash$$ $25,000\backslash )$ of additional common stock was issued.

$4.$ Dividends were declared and paid in the amount of $\backslash (\backslash$$ $39,000\backslash )$

$5.$ An additional long$-$term note payable of $\backslash (\backslash$$ $24,500\backslash )$ was issued.

Required:

Prepare a complete statement of cash flows for the year ending December $31,2023.$ Be sure to include all three sections of the cash flow statement: Operating Activities, Investing Activities, and Financing Activities. In addition, be sure to report the net change in cash, and the beginning cash and ending cash balance. See the Introduction Module with my review of E$12-7$ for a good example of a complete statement of cash flows.