Question: Presented below is selected financial information for Metlock, Inc. for December 31, 2017. Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash


Presented below is selected financial information for Metlock, Inc. for December 31, 2017. Inventory Cash paid to suppliers Buildings Common stock Cash dividends paid Cash at beginning of period $ 24,400 Cash paid to purchase equipment 104,900 Equipment 201,800 Service revenue 50,600 Cash received from customers 7,700 Cash received from issuing common stock 7,200 $ 11,500 39,400 105,700 131,000 22,300 (a) Prepare the statement of cash flows for Metlock, Inc. (Show amounts that decrease cash flow either with a negative sign preceding the number e.g. -15,000 or in parentheses e.g. (15,000).) Metlock, Inc. Statement of Cash Flows For the Year Ended December 31, 2017 Cash flows from operating activities T Cash received from customers 131,000 T Cash paid to suppliers de 104,900 1 Net cash provided by operating activities - 26, 100 Cash flows from investing activities Cash paid to purchase equipment (11,500) | Net cash used by investing activities T (11,500) Cash flows from investing activities Cash paid to purchase equipment (11,500) Net cash used by investing activities (11,500) Cash flows from financing activities Cash received from issuing common stock 22,300 Cash dividends paid (7,700) Net cash provided by financing activities 14,600 Net increase in cash 36,900 Cash at beginning of period 7,200 Cash at end of period 44,100
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