Question: can someone belp me finish the right side please!! Statement of Cash Flows tristectora Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative

Statement of Cash Flows tristectora Labels and Amount Descriptions Statement of Cash Flows Instructions The comparative balance sheet of iglesias Inc. for December 31, 2013 and 2072. is shown as follows Dec. 31, 2013 Dec 31, 2012 Assets Cash Accounts receivable et Inventories 5186.000.00 $40.00003 10.000.00 480.000.00 900.000.00 924.000.00 Investments 09 120.000 Land 500.000.00 0.00 ment component 1.650.000.00 720.000,00 53.210.000.00 1.40 DOOD 000000 52,520.000.00 11 Liabilities and Stockholders' Equity Accounts Accrued expenses # Dividends payable Common stock, Spa Excess of capital Retained in Total liabilities and stockfolders SO1000.00 5.000.00 1600000 340.000,00 560.000.00 50.000.00 53.000.00 720.000.00 210.000 1.140.000.00 52.570.000.00 240.000.00 1.657.000.00 35.210.000.00 11 Additional data obtained from an examination of the secounts in the lodger Tor 2073 are an follow The investments were sold for $210,000 cash b Equipment and land were acquired for cash There were no disposals of equipment during the year d. The common stock was issued for ch. There was a $600.000 credit to retained Earnings for net income. 1. There was a $100.000 debt to retained Earnings for cash dividends declared Required: Prepare a statement of cash flows, using the direct method of presenting cash flows from preting dites. Be sure to complete the hearing of the statement. Refer to the Label and Amount Descriptions provided for the exact wording of the answer choice for our entwe. Use the mos sign to Adicale cashoutous, decreases in cash and a nel cash outlow for each sec, fred, Score: 86/169 4 5 7 9 10 Iglesias Inc. Statement of Cash Flows For the Year Ended December 31, 2013 Cash flows from (used for) operating activities: Net income Adjustments to reconcile net income to net cash flows from operating activities: Depreciation Gain on sale of investments Changes in current operating assets and liabilities: Increase in inventories . Increase in accounts payable Decrease in accrued expenses payable Net cash flows from operating activities 11 Net cash flows used for operating activities Cash flows from (used for) investing activities 15 Cash paid for purchase of land 24 Cash received from sale of investments 15 Cash paid for purchase of equipment Net cash flows used for investing activities 1) Cash flows from used for financing activities: # Cash received from issuing common stock 19 Cash dividends Net cash flows from financing activities 21 Net increase in cash 22 Cash balance, January 1, 2013 23 Cash balance, December 31, 2073 16 20 $102,000.00
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
