PROBLEM 1 Statement of Cash Flows instructions: Prepare the statement of cash flows. (required) A worksheet is provided (optional) Scroll down for worksheet and place to prepare statement of cash flows ADDITIONAL INFORMATION Net Income for the year Depreciation expense Cash dividends declared and paid Cash received for equipment sold Original cost of equipment Loss on sale of equipment Additional equipment purchased for cash Investments were sold at cost. WOODVILLE INC. 21,632 5,000 8,600 2,000 7,200 1,000 29,800 WORKSHEET - STATEMENT OF CASH FLOWS BEGINNING ADJUSTMENTS ENDING BALANCES DEBITS CREDITS BALANCES DEBIT BALANCE ACCOUNTS Cash Accounts receivable Inventory Investments Plant assets 6,680 18,720 7,400 12,640 20,530 24,900 21,400 15,900 41,000 63,600 97,010 135,760 CREDIT BALANCE ACCOUNTS Accumulated depreciation 8,000 8,800 Accounts payable 9,656 11,320 Accrued expenses payable 3,766 3,020 Bonds payable 14,000 28,000 Common stock 40,000 50,000 Retained earnings 21,588 34,620 97,010 135,760 STATEMENT OF CASH FLOW EFFECTS OPERATING ACTIVITIES INVESTING ACTIVITIES FINANCING ACTIVITIES Totals Change in cash Totals