Revise your Statement of Cash Flows based on the new information provided below and then answer the questions that follow

Required:

1. What is the Cash balance at the end of the year? 

2. What is the Net operating cash flows? 

3. What is the Net investing cash flows? 

4. What is the Net financing cash flows? 

Transcribed Image Text:

Beginning cash balance Collections from customers Sale of building for cash Bank borrowing Sales to customers on account Purchase of materials on account Purchase of equipment with a promissory note to pay later $ 52,400 202,800 93,300 51,200 165,700 121,900 Issuance of Common Stock for cash Payment of office rent Payment of dividends Payment of salaries Payment of advertising expense Purchase of equipment for cash 35,200 Payment for materials $ 14,800 42,300 12,900 52,500 27,800 18,600 233,100 Beginning cash balance Collections from customers Sale of building for cash Bank borrowing Sales to customers on account Purchase of materials on account Purchase of equipment with a promissory note to pay later $ 52,400 202,800 93,300 51,200 165,700 121,900 Issuance of Common Stock for cash Payment of office rent Payment of dividends Payment of salaries Payment of advertising expense Purchase of equipment for cash 35,200 Payment for materials $ 14,800 42,300 12,900 52,500 27,800 18,600 233,100

Answer rating: 100% (QA)

1 Cash balance at the end of the year Beginning cash balance 52400 Issuance of Common Stock for cash ... View the full answer