Question: Prepare a cash flow statement from investing activities. Description $ Collections on loans 260,000 Cash paid to acquire plant assets -3,100,000 Proceeds from sales of
Prepare a cash flow statement from investing activities.
| Description | $ | |
| Collections on loans | 260,000 | |
| Cash paid to acquire plant assets | -3,100,000 | |
| Proceeds from sales of plant assets | 580,000 | |
| Decrease in accrued income taxes payable | 13,000 | |
| Dividends paid | -120,000 | |
| Depreciation expense | 115,000 | |
| Proceeds from issuing bonds payable | 2,500,000 | |
| Decrease in accounts receivable | 70,000 | |
| Increase in accounts payable to suppliers | 8,000 | |
| Loans made to borrowers | -500,000 | |
| Increase in accrued interest payable | 9,000 | |
| Increase in accrued interest receivable | 3,000 | |
| Increase in inventories | 35,000 | |
| Increase in short-term prepayments | 5,000 | |
| Gain on sales of marketable securities | 4,000 | |
| Decrease in accrued operating expenses payable | 29,000 |
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