Question: really stuck please help P11-73B (similar to) Question Help To prepare the statement of cash flows, accountants for Diego Electric Company have summarized 2018 activity




P11-73B (similar to) Question Help To prepare the statement of cash flows, accountants for Diego Electric Company have summarized 2018 activity in two accounts: Click the icon to view the transaction data) Diego Electric's 2018 income statement and balance sheet data follow (Click the icon to view the income statement.) (Click the icon to view the balance sheet data) Read the requirements Requirement 1. Prepare the statement of cash flows of Diego Electric Company for the year ended December 31 2018, using the direct method to report operating activities Also prepare the accompanying schedule of noncash investing and financing activities fied Start by completing the cash flows from operating activities using the direct method. Then complete the statement of cash flows and the accompanying schedule of noncash investing and financing activities(Use parentheses or a minus sign for numbers to be subtracted and for a net decrease in cash) Choose from any list or enter any number in the input fields and then click Check Answer. 5 parts 5 remaining Clear All Check Answer ard opte a oo - 9 Data Table Data Table Cash Diego Electric Company Income Statement Year Ended December 31, 2018 Revenues Beginning be Sale of long-term investment Collections from customers Issuance of common stock Receipts of dividends Sales revenue $ 680 200 Dividend revenue 17 100 45.400 Payments on accounts payable 14.600 Payments of dividends 661 500 Payments of salanes and wages 47.300 Payments of interest 17100 Purchase of equpment Payments of other operating expenses Payment of long term note payable Purchase of treasury stock Payment of income tax 45.000 27.000 132300 27.000 31200 34300 41,000 15.100 10.500 Total revenue 706 300 Expenses and losses 413 300 Cost of goods sold Salary and wage expense 140 200 Print [Done Print Done Temang backspace Data Table - X Data Table Expenses and i s Payment of long term note payable Purchase of treasury stock Payment of income tax 16.100 19 500 Ending Bal Cost of goods sold Salary and wage expense Depreciation expense Other operating expense expense 413.800 140,200 54,000 20,400 28.100 16700 22.100 Common stock Beginning be 16000 Income tax expense Issuance for cash 47 300 Loss on sale of investments Total exposes and losses 605.300 Issuance to acquire and incelente payable 61 000 2000 Net income Ending bar 144200 Prime Done Requirements X Data Table 1. Prepare the statement of cash flows of Diego Electric Company for the year ended December 31, 2018, using the direct method to report operating activities. Also prepare the accompanying schedule of noncash investing and financing activities 2. Use Diego Electric's 2018 income statement and information from its selected balance sheet data to prepare a supplementary schedule of cash flows from operating activities using the indirect method Diego Electric Company Selected Balance Sheet Data December 31, 2018 Increase (Decrease) Current assets Print Done $ Cash and cash equivalents Accounts receivable (34 300) 27,700 45,600 2.900 Statement of Cash Flows (Direct Method) Year Ended December 31, 2018 Inventones Prepaid expenses Choose from any list or enter any number in the input fields and then click Check Al Print Done 5 parts 5 remaining Requirements la Data Table Land 1. Prepare the statement of cash flows of Diego Electric Company for the year ended December 31, 2018, using the direct method to report operating activities. Also prepare the accompanying schedule of noncash investing and financing activities 2. Use Diego Electric's 2013 income statement and information from its selected balance sheet data to prepare a supplementary schedule of cash flows from operating activities using the indirect method 61,000 (22.600) (35,700) vities. Also Equipment net Long term resments Current abilities Accounts payable Interest payable Salary payable Other accrued abilities 13,000 1100 kash invest Print Done Income tax payable Statement of Cash Flows (Direct Method) Year Ended December 31, 2018 (11000) (2.000) (62000) 129 300 Long-term note payable Common stock Choose from any list or enter any number in the input fields and then click Check A Print Done 5 parts 5 remaining Check o Et e a com 9 121212121212128222324252621212 1 112 - +
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