Noble Company 's accounting records provided the following changes in account balances and other information for 2016 Net Changes for 2016 Debit Credit Cash $2,000 Accounts Receivable $1,900 Inventory 2,400 Land 1,700 Buildings and Equipment 23,000 Accumulated Depreciation 4,500 Accounts Payable 1,...

Noble Company's accounting records provided the following changes in account balances and other information for 2016: Net

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Question:

Noble Company's accounting records provided the following changes in account balances and other information for 2016:

	Net Changes for 2016

	Debit	Credit

Cash		$2,000
Accounts Receivable	$1,900
Inventory		2,400
Land		1,700
Buildings and Equipment	23,000
Accumulated Depreciation		4,500
Accounts Payable		1,600
Salaries Payable	600
Bonds Payable		5,000
Common Stock, no par		3,000
Retained Earnings		5,300
	$25,500	$25,500

Additional information: Net income was $9,900. Dividends were declared and paid. Land was sold for $1,700. No land was purchased. A building was purchased for $23,000. No buildings and equipment were sold. Bonds payable were issued at the end of the year. Two hundred shares of stock were issued for $15 per share. The beginning cash balance was $4,800.

Required:

Using visual inspection, prepare a 2016 statement of cash flows for Noble. Use a minus sign to indicate cash outflows, a decrease in cash or cash payments.

NOBLE COMPANY
Statement of Cash Flows
For Year Ended December 31, 2016
Operating Activities:
	$
Adjustment for noncash income items:

Adjustments for cash flow effects from working capital items:




		$
Investing Activities:
	$


Financing Activities:
	$



		$

		$