Question: Using the following data, construct a Statement of Cash Flows for Rob, Inc. to determine the increase or decrease in cash. Decrease in inventory $10,000

Using the following data, construct a Statement of Cash Flows for Rob, Inc. to determine the increase or decrease in cash.

  1. Decrease in inventory $10,000

  2. Increase in accounts receivable $37,000

  3. Depreciation $5,000

  4. Decrease in accounts payable $15,000

  5. Purchase of land $50,000

  6. Gain on sale of equipment $17,100

  7. Receipt of dividends $5,000

  8. Loss on sale of bldg. $1,300

  9. Payment of dividends $12,000

  10. Beginning cash balance $74,900

  11. Net Income $27,000

  12. Sale of equipment $35,000

  13. Purchase of equipment $117,000

  14. Purchase of Treasury Stock $95,000

  15. Issuance of Common Stock $110,000

  16. Purchase of Equipment w bond $59,000

  17. Sale of Building $75,000

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