Chapter 13 Exercises & Problems lam Mastery Problem Statement of Cash Flows Championship Boxing, Inc Championship Boxing, Inc. is a small matter of carbon boxes of all sizes. You have reported for your first day of work, and the company is in rear Yearty financial statements are being prepared, but computer mafunction of the company's new BOX 0000 computer inverter parts of the company balance sheet, along with almost all related to except the company's ment of The IT eartments interverter backup, teates that the reconstruction of the data we bout 2 hours Unfortunately, financiare to be present stockholders meting in one hour. The company uses the need to prepare is statement of conter the met so your new up the missing out for the balance sheet can be prepared in the time or low warned that since you were student you business School, the pervisor will go to the meeting and give some introductory In samo to the statement au now, the flowing data survived the computer The investments were 20.000 can toward for 5151.920 cash Land 5326,000 There were sent during the year 12,500 shares of common with during year. Therwis 596,000 tautained Barrings for cash divinas card. Statement of Cash Flows You were you with the wing start of cash now prepared using the indirect method that the time construction opaci, drug the ment, and the proceed to the next ChambeingThe Statement of Cash Flows For the Year Ended December 31, 20 Cashows from used to et inte 18,40 Your supervisor has provide you with the following statement of cashows, prepared using the indirect method. Recut that the statement of cash flows consists of three bons now hom perating divites, now from this, and charming Active Review the statement, and the proceed to the next panel Championship Boxing, Inc. Statement of Cash Flows For the Year Ended December 31, 2015 Cash Mows from (used for operating activities: Net Income 106,40 Adjustments to recoeche et come to net can now from operating activities Depreciation 18.400 Gainon of investments (50,000) Changes in current operating and Increase in accounts (25,270) Increase in invertes (33,350) Increase in accounts payable 41,130 Decrease in aceed expenses (12.470) Nel caso from peringe $126.00 Cashows From used for ting V Cash received from sofinement 110.000 Cash paid for purchase and (326.000) Cash and for purchase 151,020) Net cash flow us for mig at 107,970) Con retour C Chapter 13 Exercises Problems Depreciation Go on sale at investments Changes in current operating Inc 3800 (50,000) 125.370 (33.1 41,00 12.4701 SI Increments Decyle But how from sparting activit Carmen Cerceived Cendohet Cashod 180,000 1326,000 (151) 197,00 Chrome Gedro 1,100 1.2003 43, Cash, Chapter 13 Exercises & Problems Championship Boxing, Inc. Comparative Balance Sheet December 31, 2018 and 2017 2018 2017 Austa 509,100 C Accounts receivable net) $5,920 205.580 230,950 Thones X Oto Inst 330.000 A 000 SE 705, 120 Fitment Acompromet 553,200 140,000 166,4003 Tot 2,037,650 X 2,341,120 432.930 Accounts par Acre expenses per expres) Didende pe 391,00 53.630 41,150 34,000 19,200 Tuta ON 464.620 Total assets 2,037,650 2,341,120 X Liabilities 432,930 $391,800 Accounts payable (merchandise creditors) Accrued expenses payable (operating expenses) Dividends payable 41,150 53,620 24,000 19,200 Total abilities 46-4,6207 5490,080 150,000 Stockholders' Equity Common stock, por Paid in capital in excess of par Retained earnings Total stockholders' equity Totallaties and stockholders equity 417,500 1,291,040 $100,000 280,000 1,200.500 1,530,500 51,958,540 3,717,080 x 2,045, 120 Review the relationships between the beginning and ending balance sheet amounts, and their effect on the statement of the os