Question: please answer Q11-Q29 as this is all 1 big question thanks in 15 min The balance sheets for KPI Company showed the following information. Additional

please answer Q11-Q29 as this is all 1 big question thanks in 15 min
please answer Q11-Q29 as this is all 1 big question thanks in
15 min The balance sheets for KPI Company showed the following information.
Additional information concerning transactions and events during 2018 are presented below. KPI

The balance sheets for KPI Company showed the following information. Additional information concerning transactions and events during 2018 are presented below. KPI Company Balance Sheet December 31 2018 2017 Cash $ 44,157 $ 12,546 Accounts receivable (net) 47,109 24,969 Inventory 43,050 51,660 Long-term investments 0 18,450 Property, plant & equipment 290,895 184,500 Accumulated depreciation (46,371) (30,750) $378,840 $261,375 Accounts payable Accrued liabilities Long-term notes payable Common stock Retained earnings $ 20,910 S 32,595 25,830 20,910 86,100 61,500 159,900 110,700 86,100 35,670 $378,840 $261,375 Additional data: 1. Net income for the year 2018, $87,330. 2. Depreciation on plant assets for the year, $15,621. 3. Sold the long-term investments for $34,440 (assume gain or loss is ordinary). 4. Paid dividends of $36,900. 5. Purchased machinery costing $32,595, paid cash. 6. Purchased machinery and gave a $73,800 long-term note payable. 7. Paid a $49,200 long-term note payable by issuing common stock. Required: Prepare a statement of cash flows (using the indirect method) for 2018 for KPI Company. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).) KPI Company Statement of Cash Flows For the Year Ended December 31, 2018 Cash flows from operating activities Net income Adjustments to reconcile net income to net cash provided by operating activities: (11) _(12) $_87,330 (13) _(15,990)__ _(14) __8,610 _(11,685) __4,920 Increase in Accounts Receivable (15) Decrease in Accounts Payable _(16) Net cash provided (used) by operating activities Cash flows from investing activities _(18) Purchase of Machinery Net cash provided (used) by investing activities Cash flows from financing activities _(17) (19) (20) _(21) (22) (23) Net cash provided (used) by financing activities (24) Net increase (decrease) in cash $ (25) Cash, January 1, 2018 12 546 $ 44.157 Cash, December 31, 2018 Non-Cash Investing and Financing Activities: 5 (26). $ (27) _(28). $ (29)

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