Current year cash receipts and disbursements for the Walker Aquarium appear below (in thousands).

1. Unrestricted cash contributions, $6,000.

2. Collections of documented promises, $65.

3. Cash endowments donor-restricted in perpetuity, $45.

4. Grant received from a private trust, restricted to special programs, $500. $425 is spent on these programs.

5. Cash paid to acquire equipment, $200. 6. Cash invested in securities, $150. Cash received from the sale of securities, $35. 7. Donor-restricted cash accumulated in prior years, spent for programs: $150; spent for equipment, $125. 8. Program, fund-raising and administrative expenses were $5,700; accounts payable increased $40 during the year, and depreciation included in expenses was $50. 9. Investment income was $25; included was $5 in unrealized gains.

Required

Prepare a statement of cash flows for Walker Aquarium, in good form. The beginning cash balance was $120, and the direct method is used for cash from operating activities.

Use negative signs with any answers that decrease (reduce) cash balance.

Walker Aquarium Statement of Cash Flows
(in thousands)
Cash flows from operating activities
Contributions		Answer
Grant		Answer
Investment income		Answer
Program expenditures		Answer
Net cash from operating activities		Answer
Cash flows from investing activities
Equipment purchases		Answer
Investment purchases		Answer
Sale of investments		Answer
Net cash used for investing activities		Answer
Cash flows from financing activities
Endowments		Answer
Net cash from financing activities		Answer
Increase in cash		Answer
Beginning cash balance		Answer
Ending cash balance		Answer

Answer rating: 100% (QA)

Walker Aquarium Statement of Cash Flows in thousands Cash flows from operating activities Contributi... View the full answer