Chapter 16: Cash Flow Statement Homework Assignment The comparative partial balance sheets of Barry Company, for Years I and 2 ended December 31, appear below in condensed form Year l $42,500 70.200 105,000 100,000 425 000 $72,000 61,000 121,000 Receivable (net) 575.000 $47,250 75,000 325,000 Payable $ 59,750 Payable ommon Stock, $30 par 400,000 Additional data for the current year are as follows: a) t income, $75,800 ciation on income statement, $38,000 for $150,000 d) e) d Payable for $75,000 were paid off by cash payment at their face amount 500 shares of common stock were issued for $30 cash. ash dividends declared and nvestments of $100,000 were sold for $125,000(That means gain of S25,000 $40,000 P.S: The above comparative balance sheets were adjusted for the purpose of this assignment and they are not complete-thorough balance sheets. g the indirect method usin Required: Prepare a statement of cash flows u answer in the numbered spaces (write in the appropriate name/description of each item and the cormesponding dollar value for each item). ng the table below. Please your sin The first two are given as exampels: Barry Company Statement of Cash Flows For the Year Ended December 31, Year 2 ash flows from operating activities: Net income 75,800 Adjustments: (4)5 Changes in current operating assets and liabilities: (6)S (8)S (10)S Net cash flow from operating activities ash flows from investinactivities: (12) (13)S (14) (15)S Net cash flow used for investing 16 ash flows from financing activities: (17) (19) (21) (18)S (20)S (22)S Net cash flow used for financing (23) Increase in cash (24)S ash at the beginning of the year (25)S ash at the end of the year