Question: what is the net increase in cash? Requlred Informatlon [The following information applies to the questions displayed below.] Pratt Corporation started the Year 2 accounting

what is the net increase in cash?

what is the net increase in cash? Requlred Informatlon [The following information

Requlred Informatlon [The following information applies to the questions displayed below.] Pratt Corporation started the Year 2 accounting period with total assets of $30,000 cash. $12,000 of liabilities, and $5.000 of retained earnings. During the Year 2 accounting period, the Retained Earnings account increased by $7.550. The bookkeeper reported that Pratt paid cash expenses of $26.000 and paid a $2.000 cash dividend to stockholders, but she could not find a record of the amount of cash revenue that Pratt received for performing services. Pratt also paid $3.000 cash to reduce the liability owed to a bank, and the business acquired $4.000 of additional cash from the issue of common stock. Assume all transactions are cash transactions. Prepare a statement of cash flows for the Year 2 accounting period. (Cosh outflows should be Inclcated with o minus slgn.)

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