Statement of Cash Flows

Shown below is selected information from the financial records of Mantle Corporation as of December 31, 2016:

Inventory	$165,000		Cash purchase of equipment	$29,000
Cash collected from customers	350,000		Buildings, net	810,000
Equipment, net	355,000		Sales revenue	910,000
Retained earnings	480,000		Cash paid for operating activities	205,000
Cash dividends paid	38,000		Principal payments on notes payable	41,000
Salary expense	215,000		Common stock	529,000

Required

Determine which of the above items will appear on the statement of cash flows and then prepare the statement for Mantle Corporation for the year ended December 31, 2016.

Use negative signs with your answers to show a cash outflow or decrease in cash.

MANTLE CORPORATION Statement of Cash Flows For Year Ended December 31, 2016
Operating activities
AnswerInventoryCash collected from customersEquipment, netRetained earningsCash dividends paidSalary expenseCash purchase of equipmentBuildings, netSales revenueCash paid for operating activitiesPrincipal payments on notes payableCommon stock	$Answer
AnswerInventoryCash collected from customersEquipment, netRetained earningsCash dividends paidSalary expenseCash purchase of equipmentBuildings, netSales revenueCash paid for operating activitiesPrincipal payments on notes payableCommon stock	Answer
Cash flow from operating activities		Answer
Investing activities
AnswerInventoryCash collected from customersEquipment, netRetained earningsCash dividends paidSalary expenseCash purchase of equipmentBuildings, netSales revenueCash paid for operating activitiesPrincipal payments on notes payableCommon stock	Answer
Cash flow for investing activities		Answer
Financing activities
AnswerInventoryCash collected from customersEquipment, netRetained earningsCash dividends paidSalary expenseCash purchase of equipmentBuildings, netSales revenueCash paid for operating activitiesPrincipal payments on notes payableCommon stock	Answer
Cash dividends paid	Answer
Cash flow for financing activities		Answer
Increase (Decrease) in cash		$Answer