Question: What are the last three calculations? Please show your work. Southeast Ale Company is a microbrewery in Anchorage. By the end of 20X1, the company's

What are the last three calculations? Please show your work.
What are the last three calculations? Please show your work. Southeast Ale
Company is a microbrewery in Anchorage. By the end of 20X1, the
company's cash balance had dropped to $17,000, despite net income of $338,000

Southeast Ale Company is a microbrewery in Anchorage. By the end of 20X1, the company's cash balance had dropped to $17,000, despite net income of $338,000 in 20X1. Its transactions affecting income or cash in 20X1 were as follows (in thousands) (Click the icon to view the transactions.) Requirement 1. Prepare a statement of cash flows using the direct method for reporting cash flows from operating activities. Omit supporting schedules. Complete the statement one section at a time, beginning with the cash flows from operating activities. (Use parentheses or a minus sign for numbers to be subtracted.) 1. Sales were $2,569, all on credit. Cash collections from customers were $2,414. 2. The cost of items sold was $1,539. 3. Inventory increased by $66. 4. Cash payments on trade accounts payable were $1,523. 5. Payments to employees were $324; accrued wages payable decreased by $28. 6. Other operating expenses, all paid in cash, were $120. 7. Interest expense, all paid in cash, was $23. 8. Income tax expense was $110; cash payments for income taxes were $130. 9. Depreciation was $143. 10. A warehouse was acquired for $537cash. 11. Equipment was sold for $45 cash; original cost was $193, accumulated depreciation was $148. 12. Received $23 for issue of common stock. 13. Retired long-term debt for $19 cash. 14. Paid cash dividends of $89. Cash Flows from Financing Activities Proceeds from issuance of common stock 29 Payment for retirement of long-term debt (19) Payment of dividends (89) Net cash provided by (used in) financing activities Net increase (decrease) in cash Cash. January 1 20x1 Cash December 31 . 20x1

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