Question: Please complete the note section and the missing values. Thanks Using the information below, construct the 2017 Statement of Cash Flows for the Ilini Tap.
Using the information below, construct the 2017 Statement of Cash Flows for the Ilini Tap. Some of the items may not be used, a few are completed for you as examples, and other it may require intermediate calculations before entering on the CFS Remember, you need to calculate Family Living Withdrawals on the SOE, and then use the same value on the Cash Flow Statement. Record which section each item is recorded on the SCF worksheet (Operating, Investing, or Financing). Note any assumptions that you make in the notes section of the SCF worksheet. Include inflow or outlaw on the notes section Section Notes on CFS 2017 Transactions Land and building purchase 140,000 300,000 110,000 ?m Investing Land Cost Investing Building Cost Financing Remainder financed on 30-year loan Investing Cost of new equipment Financing Remainder financed on 5-year loan Investing Sale prce 25% Cash Down Payment Bar Equipment Purchase 70,000 15,000 ?m Down Payment Sold equipment 10,000 6,000 Tax basis of equipment sold Original cost Current value 50,000 68,000 2,500 Operating Diwdends receved in 2017 e Financing Principal paid on short-term loans 10,000 1,500 f Operating Interest paid on short-term loans 9 Operating Family Living Withdrawals h Operating Total Cash Sales i Financing Principal paid on long-term loans j Imesting Transfer from mutual funds to checking/cash18,000 k Operating Total Cash Operating Expenses I Operating Interest paid on long-term loans in cash m Operating Cash Tax Expenses n Investing Deposit to Sawings Account 7m 910,000 Operating inflow 13,000 660,000 Operating outflow 15,000 67,000 25,000 15,000 o Financi Cash received from short tem loans Other Beginning Cash Balance 35,000 Begnning Cash Balance
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