Question: Please help me with this accounting question. Even partial answers would me extremely appreciated! Prepare a statement of cash ows for this year. (List any

Please help me with this accounting question. Even partial answers would me extremely appreciated!

Please help me with this accounting question. Even partial answers would meextremely appreciated! Prepare a statement of cash ows for this year. (Listany deduction in cash and cash outows as negative amounts.) Financing activities:Beginning cash and cash equivalents _ Ending cash and cash equivalents _Compute free cash ow for this year. (Negative amount should be indicated

Prepare a statement of cash ows for this year. (List any deduction in cash and cash outows as negative amounts.) Financing activities: Beginning cash and cash equivalents _ Ending cash and cash equivalents _ Compute free cash ow for this year. (Negative amount should be indicated by a minus sign.) :I Problem 14-13 Prepare and Interpret a Statement of Cash Flows; Free Cash Flow [L014-1, LO14-2, LO14-3] Mary Walker, president of Rusco Company, considers $31,000 to be the minimum cash balance for operating purposes. As can be seen from the following statements, only $26,000 in cash was available at the end of this year. Since the company reported a large net income for the year, and also issued both bonds and common stock, the sharp decline in cash is puzzling to Ms. Walker. \fRusco Company Income Statement For This Year Ended July 31 Sales $1,020,000 Cost of goods sold 637,500 Gross margin 382,500 Selling and administrative expenses 272,850 Net Operating income 109,650 Nonoperating items: Gain on sale of investments $25,500 Loss on sale of equipment (8,200) 17,300 Income before taxes 126,950 Income taxes 38,030 Net income $ 88,920 F::::::::::: The following additional information is available for this year. a. The company declared and paid a cash dividend. b. Equipment was sold during the year for $52,800. The equipment originally cost $112,000 and had accumulated depreciation of $51,000. c. Long-term investments that cost $52,000 were sold during the year for $77,500. d. The company did not retire any bonds payable or repurchase any of its common stock.

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