Question: Pr.4 Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December
Pr.4 Selected financial statement information and additional data for Stanislaus Co. is presented below. Prepare a statement of cash flows for the year ending December 31. 2018 December 31 2017 $42,000 84,000 2018 $65,000 44,200 206,600 21,000 Cash. Accounts receivable (net) Inventory.168,000 . 58,800 Land Equipment.... TOTAL $856,800 Accumulated depreciation Accounts payable Notes payable- short-ter Notes payable - long-term Common stock Retained earnings $115,600 86,000 29,400 302,400 487,200 205.800 .50,400 . 67,200 .. 168,000 420,000 -67,200 TOTAL. $856.800 $1.226.400 Additional data for 2018 1. Net income was $220.200. 2. Depreciation was $31,600. 3. Land was sold at its original cost. 4. Dividends of $81,600 were paid. 5. Equipment was purchased for $84,000 cash 6. A long-term note for $201,600 was used to pay for an equipment purchase. 7. Common stock was issued to pay a $67,200 long-term note payable
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