Question: help asap Additional Information on Current Year Transactions Additional Information on Current Year Transactions a. Purchased equipment for $56,300 cash. b. Issued 13,200 shares of

help asap
 help asap Additional Information on Current Year Transactions Additional Information on
Current Year Transactions a. Purchased equipment for $56,300 cash. b. Issued 13,200
shares of commori stock for $5 cash per share. c. Declared and
paid $101,000 in cash dividends. For Current Year Ended December 31 Cash

Additional Information on Current Year Transactions Additional Information on Current Year Transactions a. Purchased equipment for $56,300 cash. b. Issued 13,200 shares of commori stock for $5 cash per share. c. Declared and paid $101,000 in cash dividends. For Current Year Ended December 31 Cash flows from operating activities \begin{tabular}{|l|r|r|} \hline Net income & $ & \\ \hline Adjustments to reconcile net income to net cash provided by operations: & & \\ \hline Income statement items not affecting cash & & \\ \hline Depreciation expense & 20,750 & \\ \hline Changes in current assets and current liabilities & & \\ \hline Increase in accounts receivable & & \\ \hline Increase in inventory & & \\ \hline Decrease in prepaid expenses & & \\ \hline Decrease in accounts payable & & \\ \hline & & \\ \hline & & \\ \hline Cash flows from investing activities & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline & & \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|l|} \hline Income statement items not affecting cash & & \\ \hline Depreciation expense & & & \\ \hline Changes in current assets and current liabilities & & \\ \hline Increase in accounts receivable & & \\ \hline Increase in inventory & & \\ \hline Decrease in prepaid expenses & & \\ \hline Decrease in accounts payable & & 165,950 \\ \hline & & & \\ \hline Cash flows from investing activities & & \\ \hline & & & \\ \hline & & & \\ \hline Cash flows from financing activities: & & \\ \hline & & & \\ \hline & & & \\ \hline Cash balance at December 31, prior year & & \\ \hline & & & \\ \hline \end{tabular}

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